Accounting standards

The combination brings together two members of the Grant Thornton International network.

The PCAOB will be able to address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to remain registered.

In the realm of client accounting services, improvements in one area — travel and expense management — can have an outsized effect on maximizing efficiency for firms.

Tax and accounting platform Bench, which abruptly shut down last week, has been acquired by payroll and onboarding solutions firm Employer.com.

The Financial Accounting Standards Board has posted the 2025 GAAP Financial Reporting Taxonomy, SEC Reporting Taxonomy and GAAP Employee Benefit Plan Taxonomy.

Companies that work with auditors who have more industry experience but charge more than competitors offering "lowball" fees tend to save more money in the end.

In a comment letter, the institute says the board's new requirements could drive smaller auditing firms out of the market.

The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.

The Financial Accounting Foundation report found the Private Company Council has been performing its duties effectively and should continue to operate.

KPMG International reported that annual aggregated revenues of its member firms around the world grew 5.1% for the 2024 fiscal year.