Accounting

The American Institute of CPAs is urging the IRS not to merge its Office of Professional Responsibility with its Return Preparer Office to avoid confusion.

The 2016 standard on leases met its objective of providing investors with useful information, but the costs of implementing and maintaining it were high.

Boomer Consulting and Miles Masterclass are teaming up to provide on-demand training on artificial intelligence to Boomer firms at a discounted rate.

The company has struggled to meet SEC deadlines amid souring investments, flaws in its financial reporting and an ongoing investigation.

The Financial Accounting Standards Board decided to add a project to its technical agenda related to the accounting for cryptocurrency asset transfers.

The Public Company Accounting Oversight Board has made a pact with Lithuania's audit regulator to allow the two organizations to cooperate on overseeing firms.

Over his six-decade long career, Richardson was a pioneer of technology in the profession, working as a consultant, speaker and former national director at EY.

The International Accounting Standards Board discussed adding new projects to its agenda, along with ongoing work on the equity method and intangible assets.

An accounting error forced the British retailer to cut its profit outlook in North America for a second time, prompting Carl Cowling's departure.

Audit and advisory leaders are working to implement AI solutions, but major hurdles mean that most professionals remain largely dependent on manual processes.

The Accounting and Auditing Organization for Islamic Financial Institutions is holding talks with stakeholders on planned changes to rules for sukuk securities.

When valuing a company, a valuation analyst can play a critical role in identifying potential fraud risks and assessing whether management has implemented adequate measures.

Safe Harbor, a fintech serving cannabis and hemp operators, launched a platform with bookkeeping, payroll and CFO support.

Plus, TaxDome announces free bookkeeping hub; Qount announces UX/UI redesign; and other accounting tech updates.

The Association for Accounting Marketing announced new board members.

The Top 10 Firm agreed to add Grant Thornton Brazil to its multinational platform, extending its reach into Latin America.

The longest government shutdown in U.S. history has ended, but it could take days — and in some cases a week or more — before normal operations and paychecks resume.

Mike Lyons blamed a raft of operational shortcomings for the earnings disappointment that triggered a record rout in the payments giant's stock last month.

The Financial Accounting Standards Board aims to improve the accounting for purchased loans as it confronts a potential threat from House Republicans.

The acting chair of the Public Company Accounting Oversight Board outlines his vision for defining audit quality, highlights private equity concerns, and calls for AI guardrails.