Accounting standards

An activist group is urging international audit institutions to end all their engagement with the government’s auditor general.

Stuart Smith, a former audit director, took responsibility for misleading the U.K. audit watchdog, and said he was “reckless” as to whether he was misleading inspectors.

Six former employers at the auditing giant are accused of acting “with a lack of integrity in dishonestly or recklessly misleading the regulator.”

The network saw rising demand from business clients needing help with recovering from the pandemic.

The board has a new leader, Erica Williams, after its new chair was sworn in Monday by the Securities and Exchange Commission in a virtual ceremony.

The Governmental Accounting Standards Board is adding a major project on going concern uncertainties and severe financial stress to its technical plan for the first third of this year.

The board is surveying stakeholders about easing the audit requirements for less complex companies, while beefing them up for more complicated structures.

The right software, plenty of preparation, and starting early are all key

Bookkeep CEO Jason Richelson wants to solve the problems he is seeing at businesses that work with gig economy delivery services.

The board decided to initiate two new projects this month, even though it’s being absorbed into a new International Sustainability Standards Board by next June.

The Institute of Internal Auditors and the Association of Chartered Certified Accountants have signed a three-year renewal of their existing agreement.

Real estate accountants will continue to play a pivotal role in how their companies perform in the New Year.

The two new chapters cover financial statement elements and presentation.

The updates are mostly technical, but some cover remote-work arrangements for some seconded employees during the pandemic.

A proposed accounting standards update would require buyers to share key details, which currently aren't required to be disclosed at all.

The projects have been prioritized based on stakeholder feedback in response to the board’s June invitation to comment.

Derek Christensen, a doctoral student at the University of Wisconsin—Madison, received the award for accounting standard-setting research.

KPMG International reported the annual aggregated revenues of its member firms around the world grew 10% to $32.13 billion for the fiscal year ending Sept. 30, 2021.

Making the most of this booming service line requires firms to rethink everything from partner comp to client strategies.

Client accounting services 2.0 is coming: It’s time to take your practice to the next level.