Accounting standards

CAS expert Kane Polakoff digs deep into the current staff of client advisory services, and how this fast-growing service offering is rapidly evolving.

The International Ethics Standards Board for Accountants weighed in on private equity investment in accounting firms and ethical and independence concerns.

The Financial Accounting Standards Board is offering optional guidance on the measurement of credit losses for accounts receivable and contract assets.

The International Federation of Accountants welcomed Fiona Campbell as the new chair of the Forum of Firms, succeeding David Isherwood, effective July 23, 2025.

The examples show how companies can improve the reporting of uncertainties in their financial statements using climate-related examples as practical illustrations.

Client advisory services are proving to be a game changer in how accounting firms engage with their clients, especially when fused with tax advisory services.

The Public Company Accounting Oversight Board sanctioned Centurion ZD CPA & Co. and Chan Kam Fuk, permanently revoking the firm's registration and permanently barring the owner.

House Republicans released a spending proposal that threatens to withhold funding from the Financial Accounting Standards Board unless it withdraws its income tax reporting standard.

Public Company Accounting Oversight Board chair Erica Williams is departing on July 22, after being pushed out by the new SEC chairman after her agency narrowly avoided an effort to eliminate it.

The International Ethics Standards Board for Accountants and the International Auditing and Assurance Standards Board set up technical groups for their standards.

Auditors with uncommon first names tended to take a divergent approach to the rules, reducing earnings comparability, according to a new study.

OBBBA and gambling; a billing lesson from bookkeeping; BOI 2.0; and other highlights from our favorite tax bloggers.

The International Auditing and Assurance Standards Board has revised its standard on the auditor's responsibilities relating to fraud.

The American Institute of CPAs' Auditing Standards Board is looking for feedback on a proposed standard updating auditors' responsibilities related to fraud.

The first global Ethics Standards on Tax Planning are effective.

The Office of Management and Budget is calling for a major overhaul in how federal agencies conduct financial audits.

PricewaterhouseCoopers LLP named more than 20 new partners in Greater China as the firm seeks to reboot its business following Evergrande collapse.

From an accountant's perspective, the trade deficit isn't a sign of economic weakness. As with any financial flow, there are two sides to the ledger.

Accounting platform Digits announced the launch of Digits Accounting Agents, which CEO Jeff Seibert said can outperform humans in terms of accuracy and speed.