Accounting standards

The International Auditing and Assurance Standards Board is proposing to toughen its rules for requiring auditors to look for signs of fraud in a client's financial statements.

Quarterly results at MicroStrategy Inc. will likely get more volatile under a recently approved accounting rule change that requires valuing the digital asset at market prices.

Prosecutors sought a five-year prison sentence along with a fine on charges of stock-price rigging and accounting fraud.

The Top 25 Firm based in New York has added a firm headquartered in Wakefield, Massachusetts, expanding Marcum's government client base in New England.

Audit reports contain significant, material information, argues accounting educator J. Edward Ketz.

The Las Vegas-based franchising company that works with other franchises is extending its reach nationwide.

The international network has signed up five collaborating firms in Argentina, Chile, Colombia and Mexico.

The Public Company Accounting Oversight Board staff report offered insights into the PCAOB's inspection program for auditors of broker-dealers and issues with professional skepticism and low-ball fees.

The Korean internet and messaging powerhouse has hired a law firm to probe SM's books at the request of Kakao board's audit committee

The Public Company Accounting Oversight Board also permanently barred a sole practitioner in New York.

The Global Reporting Initiative published a major update to its standard for disclosing impacts on plant and animal species.

Global fee income for accounting and audit services increased 15% to $3.6 billion, while RSM's tax revenues jumped 17% to $2.6 billion.

The Financial Accounting Foundation has overhauled the website for the Financial Accounting Standards Board, with new websites in the works for the Governmental Accounting Standards Board and the FAF itself in the weeks ahead.

In the year since a $5 billion accounting fraud scandal erupted at his former company, the Rio de Janeiro native has relocated to Spain while Brazilian investigators continue their probe.

What are the major accounting considerations when evaluating complex debt and equity financial instruments?

Investors must account for the impact of transition risks on existing investments, including potential costs to remediate or decommission assets that would otherwise remain productive.

The International Federation of Accountants reviewed the most helpful research by academics, accounting organizations and firms on the role accountants are playing in ESG reporting and assurance.

Short-seller Gotham City Research criticized Spanish blood-plasma company Grifols' accounting and corporate governance.

The Institute of Internal Auditors' newly updated set of Global Internal Audit Standards takes effect in January 2025.

The International Auditing and Assurance Standards Board is planning to make some minor adjustments in its quality management and global audit standards to align them more closely with international ethics rules for accountants.