Economy

The U.K. Serious Fraud Office dropped its case against former Tesco Plc group commercial director Kevin Grace without charges, a sign the prosecutor may be getting close to ending its probe into accounting practices that caused the grocer to overstate its profit by as much as 326 million pounds ($407 million).

Federal Reserve's interest rate hike could have an impact on tax reform.

The Public Company Accounting Oversight Board is disciplining Deloitte Accountants NV, imposing a civil monetary penalty of $300,000 on the Netherlands member of the Deloitte Touche Tohmatsu Limited network.

Firm increases worldwide revenue to $7.6 billion for the fiscal year ending Sept. 30, 2016 across its network of member firms, including members of BDO firm alliances, an 8 percent increase over the previous year at constant exchange rates.

KPMG International reported global revenue growth of 8 percent for FY 2016.

The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, has introduced a self-study, on-demand learning program for attaining the COSO Internal Control Certificate.

CPAs who are also business executives at U.S. companies are expressing much stronger optimism about the U.S. economy after the election, according to a new survey by the American Institute of CPAs.

The trustees of the Financial Accounting Foundation announced a number of new members of the councils that advise the standard-setters it oversees, FASB and GASB.

The National Association of State Boards of Accountancy’s new chairman, Telford A. Lodden, described his goals for the organization during his 2016-2017 term, urging members to maintain high standards for accountants during a recent NASBA conference.

The Connecticut Society of CPAs announced Monday morning that Bonnie Stewart has been named the society’s new executive director, effective January 2017.

The International Federation of Accountants has elected Australian accountant Rachel Grimes as IFAC’s next president for a two-year term.

In the aftermath of Donald Trump’s election, the American Institute of CPAs has drawn up a list of tax reform priorities for the incoming administration.

The American Institute of CPAs has written a letter to Congress suggesting legislative changes in the new partnership audit regime ushered in by last year’s bipartisan budget deal.

Finance executives are getting ready for the incoming Trump administration with a multitude of changes expected on the regulatory side while also dealing with all the new accounting standards rolling out in the next few years.

NASBA president and CEO Ken Bishop discusses the future agenda at NASBA, including data analytics and regulation for state boards of accountancy.

The International Federation of Accountants has released a report describing how the accounting profession can help the United Nations achieve its sustainable development goals.

NASBA president and CEO Ken Bishop explains in this video what sparked his efforts to foster more diversity on state accounting boards.

NASBA president and CEO Ken Bishop discusses in this video about what it is doing to encourage more diversity in the accounting profession and how it is partnering with other organizations and educational institutions.

NASBA chair Donny Burkett explains why the accounting profession needs to pursue diversity in this video.