Audit & Accounting

The American Institute of CPAs' Auditing Standards Board has completed its Clarity Project by issuing its final standard.

The Public Company Accounting Oversight Board released a report Tuesday indicating that the vast majority of audit firms were doing a good job of complying with a recent standard on communications with their client’s audit committees.

Thomson Reuters has introduced a new service covering all aspects of financial management and controllership, including accounting and financial reporting, budgeting and forecasting, cost and cash management, business combinations, and internal controls and risk management.

One time I had a client who became his company’s CEO. At one meeting I asked him how he spent his days and how he managed the transition to CEO.

Thirty percent of companies reported experiencing some form of fraud in their supply chain, according to a new poll.

Check out the digital edition of the April issue of Accounting Today.

KPMG Southern Africa, a member of the global advisory network, has ended a 15-year stint auditing companies controlled by the Johannesburg-based Gupta family, after the ruling party and the national graft ombudsman announced investigations into its alleged influence over the state.

Four short essays about recent events

The Sustainability Accounting Standards Board has issued provisional sustainability accounting standards for the infrastructure sector, including electric utilities, engineering and construction services, gas utilities, home builders, real estate owners, developers and investment trusts, real estate services, waste management and waste utilities.

The Financial Accounting Standards Board has issued an accounting standards update to improve the accounting for employee share-based payments.