Accounting

The board continues its aggressive approach to oversight, announcing several hundreds of thousands of dollars in penalties on several auditors in a single week.

The head of the board views the recently proposed standard for sustainability reporting assurance as a way to make those reports more verifiable.

The move may heighten concerns about accounting quality at the Indian conglomerate targeted by short seller Hindenburg Research.

The Accountants Salute the Troops campaign is bringing the profession together to increase awareness of the USO's mission and raise much-needed funding to support the men and women of our military.

The Massachusetts Society of CPAs hosted the Accounting Careers Exploratory leadership program for 26 high school students in partnership with Suffolk University. 

KPMG employees donated their time to over 475 nonprofits for the firm's second Community Impact Day, an annual volunteer day of community service.

Firms need to engage in a systemic overhaul of how they pull individuals toward the profession, keep them in it, and use them as advocates to bring others into the space.

Several prominent trade groups are objecting to the board's proposed changes in auditing standards related to noncompliance with laws and regulations.

Vaibhav Taneja, already has a hefty gig serving as the company's chief accounting officer.

The organizations are piloting a program to make it easier for accounting students to earn 150 credit hours.

The Chartered Institute of Management Accountants and the Chartered Professional Accountants of Canada signed a memorandum of understanding.

The board is looking for nominations for new members of its Investor Advisory Group and its Standards and Emerging Issues Advisory Group.

The unemployment rate dipped one-tenth of a point to 3.5%, the U.S. Bureau of Labor Statistics reported.

The disclosures that companies make about their green credentials will be evaluated by new global audit standards that are expected to be finalized by the end of next year.

Business entities subject to the CTA will face significant new reporting and related record-keeping obligations. There are several things advisors should consider.

The company has suspended contracts with about 60 suppliers, launched internal audits, and has put its U.S. head of procurement on leave.

The Center for Audit Quality is working to convince the board to water down a proposed update telling auditors to be on the lookout for fraud and other signs of noncompliance.

The International Auditing and Assurance Standards Board proposed new rules for providing outside assurance on a company's sustainability reporting efforts.

CPA firms are resorting to strategies like hiring workers abroad, raising starting salaries, offering fully remote jobs, and hiring staff who haven't graduated college.