Audit

The profiles and priorities of CFOs around the world are undergoing a transformation, according to a new report from Ernst & Young.

There’s more cash sitting on company balance sheets than ever before. For the first time since 2012, that’s not enough.

The pace of new engagements was sluggish at the start of the year

When digital forensic experts think of social media, they see a prime place to search during their fraud investigations.

The Financial Accounting Foundation posted its 2015 Annual Report to its website Thursday.

Public companies in the U.S. are doing more to burnish the results they present to investors than ever before. It isn’t working.

The leasing standard that the Financial Accounting Standards Board released in February is going to require some extra training for businesses from their accountants and could lead to some re-evaluations of clients’ leasing obligations.

Auditors face numerous challenges when it comes to helping clients understand financial reporting issues related to accounting for intangible assets acquired in a business combination.

Despite comprising nearly half of our country’s population, women hold significantly fewer positions of leadership than their male counterparts. This is across the board, spanning both the public and private sectors.

The Institute of Management Accountants has published a book featuring case studies on management accounting collected by editors of one of the IMA’s academic journals.

Inventory management is the practice of planning, directing and controlling inventory so that it contributes to the business' profitability.

The Financial Accounting Standards Board is proposing to simplify the test for goodwill impairment for public companies and nonprofits similar to recent accommodations it made for private companies.

The head of the International Accounting Standards Board is echoing concerns abroad also voiced by leaders of the U.S. Securities and Exchange Commission about the increasing use of non-GAAP measures in the financial statements of public companies.

The Public Company Accounting Oversight Board is taking another stab at overhauling the auditor’s reporting model.

The Financial Accounting Standards Board has released a new accounting standards update providing “narrow-scope improvements and practical expedients” for the revenue recognition standard that it converged with the International Accounting Standards Board.

The Securities and Exchange Commission has approved rules from the Public Company Accounting Oversight Board to improve audit transparency by disclosing the names of audit engagement partners, along with information about other firms that participate in the audits.

The Financial Accounting Foundation has published updated print editions of the Financial Accounting Standards Board’s FASB Accounting Standards Codification and the Governmental Accounting Standards Board’s Codification of Governmental Accounting and Financial Reporting Standards.

Now that public companies are required to use Extensible Business Reporting Language, or XBRL, in their financial filings with the Securities and Exchange Commission, the SEC is trying to make sure the data is appropriate and not hiding accounting gimmicks.

A new accounting rule that will force banks to set aside provisions for bad loans long before they sour could cannibalize profits and eat into capital at U.S. lenders.

Wesley Bricker, deputy chief accountant with the Securities and Exchange Commission, is echoing concerns from other top SEC officials about the over-reliance on non-GAAP measures in financial reporting.