Accounting standards

Minimizing time spent on tasks like bookkeeping and focusing on advisory work freed me to deliver more value to clients and build a more scalable practice.

The International Federation of Accountants wants accounting organizations to align with its quality management standards and offer more pathways to the profession.

In its annual report outlined the progress in the work of the International Accounting Standards Board and the International Sustainability Standards Board in 2025.

Verifying environmental and social impacts is more complex than traditional financial accounting. But complexity is not a reason for retreat.

The International Ethics Standards Board for Accountants is launching a project to determine whether they need to set ethical standards for firms with alternative practice structures.

As part of Prime Minister Keir Starmer's efforts to grow the economy, the UK audit regulator plans to cut the number of inspections it does.

The advisory gap isn't about services. It's about understanding how business owners actually think.

PricewaterhouseCoopers network affiliates in Mauritius, Kenya and Rwanda can't provide professional services for projects financed by the institution for 21 months.

KPMG International elected Gary Wingrove as its next global chairman and CEO, succeeding Bill Thomas in a four-year term, effective Oct. 1, 2026.

The number of accounting-related securities class action filings plummeted 40% last year, according to a new report, but the total settlement value rose 40%.

Up in smoke; contingency planning; disaster strikes; and other highlights from our favorite tax bloggers.

AI-focused accounting ERP provider DualEntry tested some of the most popular AI models on various accounting workflows and found that, at best, they're 77.3% accurate.

While Xero has spent years adding AI features, this is the year it intends to spread the technology throughout the core of its product.

The report highlights the PCC's accomplishments and activities from the year, its agenda priorities, stakeholder engagement and strategy moving forward.

CAS thought leader Kane Polakoff discusses how artificial intelligence can be integrated into CAS now — and what that intersection will look like in the long term.

Law firms and reporting accountants would join sponsors in the public spotlight if a filing fails to meet basic standards.

PCC chair Jere Shawver is on a mission to increase awareness of the group that represents the perspectives of privately held companies on accounting standards.

The profession needs to engage seriously with whether the binary audit opinion remains the right product for the public interest it is meant to serve.

The global network of independent accounting, audit, tax and consulting firms surpassed $1 billion in total revenues for the first time last year.