Accounting standards

Neither the IRS nor Congress has specifically addressed the tax deductibility of ransomware payments made to hackers, nor has FASB.

The amount shared by the accounting firm's 1,300 U.K. equity partners is broadly the same as last year.

The standard reflects the many changes in technology, communications and business practices since an interim standard was first adopted decades ago.

Cybersecurity and human capital rank as the top risks among internal auditors around the world, according to a new survey.

The board floated a proposal to set requirements for some types of capital assets to be disclosed separately for purposes of note disclosures.

The document aims to help auditors and accountants set up a quality management system at their firms ahead of a 2025 deadline.

The commission appointed a CPA who has served as director of the board's Division of Registration and Inspections.

The Public Company Accounting Oversight Board sanctioned a Deloitte member firm in South America for violating quality control standards.

The firm said its risk controls were inadequate and its board didn't challenge leadership enough, following a months-long independent inquiry into malpractice.

The international network founded by a group of former partners from Arthur Andersen has unveiled a global valuation practice.