Accounting standards

The Institute of Internal Auditors has released a draft version of proposed requirements on third-party governance, risk management and control processes.

The Public Company Accounting Oversight Board posted a new "knowledge check" to help auditors gauge their understanding of AS 2310.

The update aims to balance the needs of users of small and midsized entities' financial statements with resources available to SMEs. 

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.