Accounting standards

All too often, what accountants are selling are services that clients have to endure, says Joe Woodard, not the sort of thing that they really value.

The American Institute of CPAs' Auditing Standards Board is looking for feedback on its proposed strategic plan for 2026-30.

The Board and the Romanian audit oversight authority agreed on a statement of protocol that allows for cooperation for the oversight of auditors.

The advisory services that artificial intelligence will dominate are primarily transactional and rely heavily on data analytics to deliver insights and advice.

The Public Company Accounting Oversight Board today appointed members of the Investor Advisory Group and the Standards and Emerging Issues Group.

Managers at Deloitte and Ernst & Young have instructed staffers to prepare for more work in the kingdom.

The International Federation of Accountants finalized revisions to embed sustainability throughout training of accountants.

The Public Company Accounting Oversight Board staff released a new publication aimed at helping firms complete Form AP.

Accounting automation solutions provider Digits released its Autonomous Digital Ledger solution, intended to directly challenge competitors such as QuickBooks.

The Public Company Accounting Oversight Board imposed $3.375 million in fines on KPMG firms in Australia, Brazil, Canada, Israel, Italy, Mexico, South Korea, Switzerland and the U.K.

Forecasting fiscal stability in municipalities is increasingly critical as public entities face unprecedented financial challenges.

Plus, Xero debuts "reconcile period" feature; EisnerAmper appoints David Frigeri as chief artificial intelligence officer; and other accounting tech news.

The Institute of Internal Auditors has released a draft version of proposed requirements on third-party governance, risk management and control processes.

The Public Company Accounting Oversight Board posted a new "knowledge check" to help auditors gauge their understanding of AS 2310.

The update aims to balance the needs of users of small and midsized entities' financial statements with resources available to SMEs. 

The Governmental Accounting Standards Board published a post-implementation review report on GASB Statement No. 72, Fair Value Measurement and Application.

The Public Company Accounting Oversight Board increased its enforcement activity in 2024 to its highest level since 2017, according to a new report.

The PCAOB censured the firm, imposed a $2.75 million fine and instituted quality control requirements.

The southern African nation's difficult operating environment recently led to the exit of global accounting firms Deloitte LLP and PwC LLP.

Hiring and salaries grew more quickly for accountants than any other job group last year, according to a new report.