Audit & Accounting

New accounting class-action lawsuit filings declined sharply last year after a spike in 2011, according to a new report, but settlement amounts in such cases have grown since 2011.

Free online accounting software maker Wave has added a receipt-scanning tool with companion mobile apps to their suite of small business offerings.

The European Union has been considering an overhaul of the audit profession that could have a far-reaching impact on the Big Four.

In the midst of busy season, Philadelphia-based tax accountants Drucker & Scaccetti are taking a moment to enjoy the lighter side of taxes -- by hosting a special exhibit of great cartoons about taxes.

KPMG has resigned from its audits of the nutrition company Herbalife and footwear retailer Skechers after one of its senior auditors was discovered to be involved in insider trading.

Helen Brand, chief executive of the Association of Chartered Certified Accountants, talks about ACCA's alliance with the Institute of Management Accountants and how she views the international expansion efforts of the American Institute of CPAs.

Members of the Accounting Standards Advisory Forum held their inaugural meeting in London on Monday and Tuesday and signed a joint memorandum of understanding under which the standard-setters from around the world will provide advice to the International Accounting Standards Board.

The Internal Revenue Service is planning an 18 percent reduction in its audits of large businesses in the current fiscal year, according to a new report.

The former president and treasurer of the Washington, D.C., chapter of the Institute of Internal Auditors has been accused of embezzling over $30,000 from the organization.

Check out the digital edition of the April 2013 issue of Accounting Today.