Accounting standards

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.

Andersen Consulting has returned as a consulting practice affiliated with the global network that was rebuilt after the collapse of the former Arthur Andersen.

Bench Accounting, like many startups, aimed to shake up a boring but important corner of finance, in this case, bookkeeping for small businesses.

The board has posted a series of "knowledge checks" to help auditors gauge their understanding of its new quality control standard.

Bookkeepers and financial analysts are among the U.S.'s top 15 most in-demand jobs for 2025, according to staffing agency Randstad.

The Public Company Accounting Oversight Board has withdrawn the two standards it approved on firm and engagement metrics and firm reporting.

For auditors and quality management, there's a big difference between a 'document' and a 'system.'

Kim Blascoe of CPA.com dives into CAS's extraordinary growth rates, the key practices of a high-performing CAS practice, and more.

Michael Saylor's Strategy will implement new accounting for crypto assets, where changes to the value of its Bitcoin holdings will go on the income statement.

The Institute of Internal Auditors released the first in a series of topical requirements planned for this year, starting with cybersecurity.

RSM International announced its 2024 financial results, reporting 15% growth in global fee income and 11% growth in tax revenues.