Accounting standards

The board is asking for public input on modernizing standards, which is one of the key goals for its draft strategic plan.

The commission's Investor Advisory Committee suggested reforms to the way the board operates.

Just days after American officials arrived in Hong Kong to review the audit work papers of Chinese companies, Washington's watchdog has a stern warning for Beijing: U.S. inspectors must get full access.

Utilizing a shadow payroll process, the payroll in the work country shadows (or mirrors) the compensation paid to the employee in their origin country.

Ernst & Young reported a 13.7% revenue increase in U.S. dollars and 16.4% in local currency terms in fiscal 2022, the highest growth in nearly two decades.

The Financial Accounting Standards Board is considering a change to address leases that are under the common control of related-party businesses.

EY Americas vice chair John King discusses the impact and history of one of the most influential pieces of financial legislation of the past 50 years. 

Some of the standards were inherited two decades ago from the AICPA and don't take into account ever-changing technology.

PCAOB inspections will take place in Hong Kong under a preliminary agreement reached between American and Chinese regulators to avoid delisting.