Accounting

The Public Company Accounting Oversight Board levied a $2 million fine against WithumSmith+Brown for violating quality control rules.

The Securities and Exchange Board of India found that about 20 billion rupees may have been diverted from the entertainment company.

The Public Company Accounting Oversight Board levied sanctions and penalties against four auditing firms as part of a sweep.

There are many myths flying around the internet about how niching down can harm your firm. They're false.

Despite the recent pushback in the U.S., many companies — roughly 90% in a survey by KPMG — plan to dedicate more resources to ESG over the next three years.

The existing guidance directs public companies, including banks, to count crypto they custody as liabilities on their corporate balance sheets.

Helping clients comply with the Corporate Transparency Act's reporting requirements represents an opportunity for accountants.

The International Ethics Standards Board for Accountants has proposed new rules to help auditors steer companies away from greenwashing.

With almost 13% of full-time employees working remotely, and 28.2% in a hybrid arrangement, accounting firms are coming to see the importance of adapting to the new working environment.

The IRS is warning practitioners about a tactic that recurs every tax season.

Current loans at EYGS LLP — the entity that provides services to the network's member firms — more than tripled from a year earlier to $983 million as of June 30, 2023.

The 150-hour requirement for obtaining a CPA license has led to a decline in Black and Latino CPAs of up to 26%, according to a research study.

The short report by Muddy Waters accuses Fairfax of manipulating asset values to the point that a "conservative adjustment" would reduce its book value by roughly $4.5 billion.

The international network's revenue reached $5.2 billion for the fiscal year ended Dec. 31, 2023.

New rules will require firms to provide more details with watchdogs, including investments, borrowing and counterparty exposure.

A Seoul court cleared Samsung Electronics Executive chairman Jay Y. Lee of all charges including stock-price manipulation and accounting fraud.

The Treasury's Financial Crimes Enforcement Network hopes to deter money laundering in the residential real estate industry with a newly proposed rule.

The AICPA's professional liability insurer will cover client services related to the Corporate Transparency Act's beneficial ownership information reporting requirement.

The International Auditing and Assurance Standards Board is proposing to toughen its rules for requiring auditors to look for signs of fraud in a client's financial statements.

Quarterly results at MicroStrategy Inc. will likely get more volatile under a recently approved accounting rule change that requires valuing the digital asset at market prices.