Accounting standards

The Governmental Accounting Standards Board published a post-implementation review report on GASB Statement No. 72, Fair Value Measurement and Application.

The Public Company Accounting Oversight Board increased its enforcement activity in 2024 to its highest level since 2017, according to a new report.

The PCAOB censured the firm, imposed a $2.75 million fine and instituted quality control requirements.

The southern African nation's difficult operating environment recently led to the exit of global accounting firms Deloitte LLP and PwC LLP.

Hiring and salaries grew more quickly for accountants than any other job group last year, according to a new report.

Andersen Consulting has returned as a consulting practice affiliated with the global network that was rebuilt after the collapse of the former Arthur Andersen.

Bench Accounting, like many startups, aimed to shake up a boring but important corner of finance, in this case, bookkeeping for small businesses.

The board has posted a series of "knowledge checks" to help auditors gauge their understanding of its new quality control standard.

Bookkeepers and financial analysts are among the U.S.'s top 15 most in-demand jobs for 2025, according to staffing agency Randstad.

The Public Company Accounting Oversight Board has withdrawn the two standards it approved on firm and engagement metrics and firm reporting.