Audit & Accounting

Tax breaks for the profitable; how long to keep tax docs; unenrolled preparers; analytical procedures for auditors; other highlights from our favorite tax bloggers.

The IFRS Foundation, the group that oversees the International Accounting Standards Board and its work on International Financial Reporting Standards, issued its annual report for 2016 on Tuesday, with a look ahead at where global standards are expected to go this year.

Observers are starting to move their predictions for change back to 2018.

Mandatory change of auditing firms and engagement partners doesn’t necessarily foster greater professional skepticism, according to new research.

The number of public companies filing their financial statements with the Securities and Exchange Commission has shrunk dramatically in recent decades, according to a new report.

Now that the political battles of the 1990s are past, FASB should be able to correct these deficient practices.

Steve Ballmer’s new USAFacts offers a model for accountants to serve clients more deeply.

The International Accounting Standards Board has proposed a set of minor amendments to the financial instruments standard to make it easier to implement.

The Public Company Accounting Oversight Board announced six settled actions against non-U.S. accounting firms late last month for failure to report certain disciplinary or regulatory actions against them in their home country.

Adding new practice niches is good, right? Well, yes and no.