Accounting

A landmark research study by GASB has provided one of the most detailed examinations to date of how state and local governments in the U.S. use GAAP.

The department-store operator tied executives' cash bonuses to an earnings metric that turned out to be overstated by around $81 million in 2023.

Intuit announced improvements to its Intuit Enterprise Suite product centered around workflow automation and data analytics and payroll.

The Financial Accounting Standards Board released a paper on how to apply its revenue recognition standard to construction contracts with retainage provisions.

Hourly earnings and job growth for workers in small businesses remained mostly unchanged last month, according to payroll provider Paychex.

The Public Company Accounting Oversight Board was active with enforcements in 2024, but President Trump's deregulatory attitude stands to change what's next.

The board is mulling changes in its auditor independence standards for audits of collective investment schemes involving connected parties and pension funds.

The Governmental Accounting Standards Board made some preliminary proposals on accounting for severe financial stress and probable dissolution disclosures.

The institute's Accounting and Review Services Committee clarified a standard on financial statement prep that has major ramifications for CAS practices.

Due diligence and caution are important when evaluating investment opportunities and business plans that are being pitched.