Accounting standards

The AICPA Peer Review Board wants to update its requirements as more accounting firms get outside funding.

The internal audit profession has been grappling with a greater array of responsibilities beyond checking up on corporate finances, including vetting companies' cybersecurity and use of artificial intelligence.

The PCAOB staff continues to see deficiencies related to the review procedures required by Attestation Standard No. 2.

The White House is proposing to eliminate dozens of accounting requirements for federal contractors it considers "unnecessary and redundant."

When people think of the public accounting profession, they often don't realize that what we do can have a monumental impact on people's lives.

Paul Atkins warned the SEC might eliminate a rule that allows multinational companies to avoid reconciling their IFRS financials with U.S. GAAP.

The new rule becomes effective starting Oct. 1 for employees at the firm's seven offices that help clients or provide back-office support across the country.

The International Ethics Standards Board for Accountants posted two new publications from its staff on two of its recent standards.

Ghana has hired Big Four firm KPMG to advise on investments it is making with a view to creating a second strong operator in its wireless industry.

The executive order aims to strengthen accountability over the spending of taxpayer funds through improved oversight and coordination of grantmaking.

The American Institute of CPAs has updated its practice aid on digital assets with a new chapter on auditing cryptocurrency lending and borrowing transactions.

The Public Company Accounting Oversight Board postponed the effective date for QC 1000, "A Firm's System of Quality Control," as well as other standards, rules and forms, by one year.

Accountants have become key members of U.K. soccer clubs to find ways around spending rules and salary caps.

Government contractors are feeling the revenue effects of executive orders from the Trump administration and cuts from the Department of Government Efficiency.

The International Accounting Standards Board issued a set of amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures.

The FAF Board of Trustees selected Dalia Blass to serve as its new board chair and appointed Erin Hill as the FAF's new executive director.

The International Auditing and Assurance Standards Board posted new documents to help jurisdictions implement its recent standard on sustainability assurance.

Canadian CPAs with three or more years of experience reported a national median salary of $154,000 in 2024, up from $143,000 the prior year, according to a Leger study.

Bloomberg Tax and Accounting launched an embedded solution to help users adhere to the FASB Accounting Standards Update that concerns income tax disclosures.

To those who might remember this column that ran for more than 20 years, and to those who don't, it took something especially egregious to bring me back.