Accounting standards

The American Institute of CPAs has released a set of questions and answers to help auditors of benefit plan financial statements deal with this complex field and a revised standard.

The Center for Audit Quality released a report on the current requirements for public company auditors regarding climate-related reporting.

Deloitte reported its global revenue grew 5.5% in the fiscal year ending May 31, 2021 to $50.2 billion as the firm increased its workforce 3.2% to 345,000.

A recent statement on corporate reporting says the global profession needs to start with the 2021 reporting cycle.

The FRC filed a disciplinary complaint against KPMG LLP, a former partner and current and former employees over their role in past audits of two companies.

Government budgets are prepared with “wild, wild west” accounting rules.

The Big Four firm was fined a reduced penalty of about 2.2 million pounds ($3 million) due to mitigating circumstances.

ASC 842 will have a major impact on many industries, but three in particular stand out.

Private companies are facing a deadline on implementing the new standard, but recent updates could make an impact.

Carrie Steffen of the Whetstone Group on how accountants need to think differently — but not that differently — when they offer client accounting services.

The board has endorsed a recommendation from its Private Company Council that would align accounting rules with the tax treatment of the awards.

A string of high-profile scandals have pushed the work of the world’s biggest auditors back into the spotlight.

If you want to grow income from your CAS practice, you may need to rethink your entire strategy.

Implementing CAS is a really great way for accountants adapt and evolve with where the market is going.

The Federal Accounting Standards Advisory Board released a standard for accounting and financial reporting on government-owned land and delayed the effective date due to the pandemic.

The International Accounting Standards Board proposed to reduce the disclosure requirements for eligible subsidiaries under International Financial Reporting Standards.

Even as Mike Lynch faces potential extradition to the U.S. on fraud charges, those who have stayed loyal to him are reaping the rewards.

FASB's proposed update could help companies with their risk management, but they will probably need sophisticated hedging expertise to benefit.

The U.K.’s industry regulator said it was “unacceptable” that for the third year running the accounting firm’s work wasn’t up to scratch.

The hospital operator’s founder said the firm enjoyed a “deep and cozy” relationship with executives at the troubled company.