Accounting

The Big Four U.K. firm, one former partner and four former employees faced sanctions over auditing problems at two clients.

One-third of private companies still aren’t fully prepared to switch to the new leases standard.

Having a goal of added services for 5% of tax clients generates revenue and in some cases provides a life-altering benefit.

Selling 75% of its cryptocurrency gave the company a one-time cash infusion, the electric car company said, but the battered value of its remaining Bitcoin also dinged profits.

Client accounting services has been hugely successful as a service offering, but CPA.com's Erik Asgeirsson and Kalil Merhib say firms need to evolve toward the next stage: client advisory services.

The AICPA and NASBA are laying the groundwork for a major overhaul, with some content moving to new sections.

The Federal Accounting Standards Advisory Board is looking for volunteers to join a new task force it is forming on climate-related financial reporting.

The board is preparing to launch an updated Accounting Standards Codification platform.

The Institute of Internal Auditors unveiled new research during its annual international conference in Chicago this week pointing to changes in the internal audit profession worldwide.

The clock is ticking to avoid a 2024 deadline for kicking businesses off the NYSE and Nasdaq unless U.S. regulators get full access to inspect their audit work papers.