Accounting standards

The inspections add to the challenges facing the Shenzhen-based company at the center of China's real estate crisis.

Five of China's largest state-owned companies announced plans to delist from U.S. exchanges as the two countries struggle to come to an agreement allowing American regulators to inspect audits of Chinese businesses.

The U.K. telecom giant was hit by massive fraud at its Italian unit.

Second quarter 2022 earnings releases by major banks show vastly increasing provisions for credit losses:

The Financial Accounting Standards Board collected feedback from investors on various financial topics.

Erica Williams is throwing cold water on a workaround that’s been floated as a way to avoid delisting of Chinese companies from U.S. stock exchanges.

Sustainability advocates and accountants say the ISSB’s proposals fall short of what’s needed to protect the environment.

... and leads California’s GHJ in offering CAS to clients in a rapidly changing beverage industry

The board's chair, Erica Williams, said the PCAOB is working on updated auditing standards and stricter enforcement and inspections.

Complexity causes the data to be unclear, and even obsolete by the time it is reported.

Regulators from the two countries have been locked in negotiations over granting U.S. auditor watchdogs complete and open access to the audit work papers of about 200 Chinese companies.

The PCAOB is being urged to update older standards more quickly.

When governments outsource efforts, they are bringing in a new set of eyes that can identify risks, compliance issues or human errors.

The International Auditing and Assurance Standards Board plans to bolster the International Sustainability Standards Board’s proposed standards with its own.

The Big Four U.K. firm, one former partner and four former employees faced sanctions over auditing problems at two clients.

One-third of private companies still aren’t fully prepared to switch to the new leases standard.

Selling 75% of its cryptocurrency gave the company a one-time cash infusion, the electric car company said, but the battered value of its remaining Bitcoin also dinged profits.

Client accounting services has been hugely successful as a service offering, but CPA.com's Erik Asgeirsson and Kalil Merhib say firms need to evolve toward the next stage: client advisory services.