Accounting

The Financial Accounting Standards Board is seeking comments on a practical expedient and an accounting policy election for stakeholders.

The fiscal year-end brings a cycle of intense workloads that can extend into the new year, as accountants and auditors work to close the books.

John Auchincloss will retire in September 2025 from the FAF. The search for his successor will begin immediately.

Stanley Goldstein recalls the choice of Melancon as the youngest-ever head of the American Institute of CPAs.

On the eve of his retirement, AICPA chief Barry Melancon looks back at how the institute — and the accounting profession — have changed over the past 30 years.

The retailer said the incident involved only one former employee, who had hidden as much as $154 million of delivery expenses since 2021.

The IRS Advisory Council's annual report covered 37 different areas of concern and recommendations.

The Public Company Accounting Oversight Board introduced two pieces of guidance to help auditing firms apply its new quality control standard.

The ASU clarifies how the existing guidance would apply to settlements of convertible debt instruments with cash conversion and other features.

Byju's, once India's most valued startup, is fighting for its life in courts in India and the U.S.

The Governmental Accounting Standards Board issued an exposure draft on how to account for transactions that occur after the date of the financial statements.

The Financial Accounting Standards Board released a post-implementation review of its rev rec standard a decade after its implementation.

What would happen if CPAs offered clients a list of suggested services for a fixed fee?

An employee "intentionally" made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years.

The American Institute of CPAs is still concerned about the Public Company Accounting Oversight Board's new firm and engagement metrics standard, despite some modifications from the original proposal.

More than 1,400 organizations across the world are educating their communities about the threat of fraud and scams and how to stay safe.

The Governmental Accounting Standards Board is focusing on advancing its digital financial reporting taxonomy.

The company failed to follow GAAP when it evaluated its less-than-truckload operations in 2019 and 2020.

The Public Company Accounting Oversight Board voted to adopt new requirements to report on various metrics for the firm and its engagements.