Accounting standards

The Public Company Accounting Oversight Board staff released a new publication aimed at helping firms complete Form AP.

Accounting automation solutions provider Digits released its Autonomous Digital Ledger solution, intended to directly challenge competitors such as QuickBooks.

The Public Company Accounting Oversight Board imposed $3.375 million in fines on KPMG firms in Australia, Brazil, Canada, Israel, Italy, Mexico, South Korea, Switzerland and the U.K.

Forecasting fiscal stability in municipalities is increasingly critical as public entities face unprecedented financial challenges.

Plus, Xero debuts "reconcile period" feature; EisnerAmper appoints David Frigeri as chief artificial intelligence officer; and other accounting tech news.

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.