Accounting standards

The Securities and Exchange Commission voted to approve a new standard for audit confirmations that updates a decades-old standard to recognize the use of technology.

The hub will support use of the International Sustainability Standards Board frameworks for disclosing climate risks.

The board levied penalties against three firms in China, including member firms of PricewaterhouseCoopers that it found were improperly sharing answers to exams.

Erica Williams described the work the PCAOB has been doing to overhaul out-of-date auditing standards and increase its inspections and penalties.

A new final accounting standards update from FASB aims to improve public companies' disclosures about their reportable segments and expenses.

Sustained high interest rates are pushing Canada toward a recession.

Revised financial statements mark an attempt to "turn the page" for the scandal-struck Brazilian retailer

A recent survey says a large majority of firms enjoyed increased revenue and profit this year, based partially on growing client advisory services and the adoption of value-based pricing.

The board voted to approve a new budget for fiscal 2024, and revealed it surpassed last year's record amount of fines.

Pentagon officials nonetheless claimed significant progress in tracking its assets and correcting hundreds of deficiencies in its accounts.