Audit

Board members at public companies largely favor the use of non-GAAP measures but differ on disclosures of how they’re being used, according to a new survey.

An academic study demonstrates that earnings management is pervasive across U.S., European and Asian companies, whether they’re using U.S. GAAP or International Financial Reporting Standards.

Internal auditors are turning their attention to strategic and emerging risks, according to a new survey.

Why modern budgeting requires built-in business logic and accounting rules

The Financial Reporting Executive Committee of the American Institute of CPAs has issued seven working drafts covering issues related to revenue recognition.

The Center for Audit Quality published two new member alerts to help public company auditing firms quickly and proactively address potential risks.

Chesapeake Energy received a subpoena from the U.S. Department of Justice for information related to its asset purchase accounting practices.

The owner of a Houston-based business has pleaded guilty in a scheme that involved $13 million in false invoicing.

A group of advocacy organizations is urging the Financial Accounting Standards Board to require multinational companies to disclose more information about their taxes.

Audit committees are responsible for wading through the gray area in every company with respect to the law, best practices and business ethics.

The Financial Accounting Standards Board has issued a proposed accounting standards update for improving the financial reporting for long-term insurance contracts, including life insurance, disability income, long-term care and annuities.

An overwhelming majority of American investors are confident in the integrity of the U.S. capital markets, including audited financial reports and independent auditors, according to a new survey by the Center for Audit Quality.

The Financial Accounting Standards Board’s recent set of proposed technical corrections to its revenue recognition standard are a sign that more companies are getting serious about implementing them.

The oil and natural gas services company Weatherford International will pay a $140 million penalty to settle accounting fraud charges.

BDO USA LLP has named Christopher Tower as the firm’s new national managing partner for audit quality and professional practice.

Companies are beginning to revamp their financial reports to incorporate sustainability disclosures in response to demand from investors.

The American Institute of CPAs’ Accounting and Review Services Committee has finished the last of the standards it has been redrafting and clarifying as part of the AICPA’s Clarity Project.

The Governmental Accounting Standards Board proposed guidance Monday to address a broad set of accounting and financial reporting issues to help state and local governments deal with the implementation and application of certain GASB pronouncements.

The Financial Accounting Standards Board has proposed to amend the amortization period for callable debt securities that are purchased at a premium.

The American Institute of CPAs has issued a new report on the growing threat of “executive impersonation,” in which criminals claiming to be corporate executives convince employees to send them sensitive documents and company information.