Accounting standards

PricewaterhouseCoopers said it will investigate an anonymous letter circulating on social media that made "false allegations" about the company and its partners over its role in auditing China Evergrande Group.

A CPA's embezzlement turns out to be no excuse for trust fund recovery penalties.

The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.

The two boards both published new strategic plans for the next few years in coordination with each other.

The cutbacks in the Australia region are the latest sign of pressure in an industry that spans accounting, audit and consulting.

The new standard represents one of the biggest changes to IFRS in decades.

Failure to maintain an acceptable accounting system may result in the withholding of payments from the government to a contractor.

The board imposed its largest-ever penalty of $25 million against KPMG's firm in the Netherlands, in addition to $2 million in fines against Deloitte's firms in Indonesia and the Philippines.

The Public Company Accounting Oversight Board voted to propose an extensive set of new reporting requirements to impose on auditing firms.

The accounting standard-setter named 11 experts to its reconstituted task force on Thursday.

The blend of cutting-edge technology and the warmth of human connection is creating a whole new playing field for professionals

Crowe plans to add Belt Harris Pechacek; and PKF Smith Cooper acquired BLB Advisory.

Botkeeper announced the release of Botkeeper Infinite, a tech-only solution that leverages AI to help firms automate routine tasks.

Friction simmers within the audit industry following the Public Company Accounting Oversight Board's controversial June 2023 proposal to revise its standard on noncompliance with laws and regulations.

If your practice is launching a CAS practice — or you're just in the initial planning and research stages — making sure you're well-prepared is essential.

The Public Company Accounting Oversight Board sanctioned PricewaterhouseCoopers' member firms in the U.S. and Australia over auditing quality control violations, imposing a $2.75 million and $600,000 penalty.

The Financial Accounting Standards Board decided to pursue targeted improvements to its rules for accounting for and disclosing software costs, instead of a single overarching model.

Grifols SA shares dropped as investors evaluated a regulatory review of the Spanish bio-science company's financial reports, which found "relevant deficiencies" but no major accounting mistakes.

Markus Jooste allegedly took his own life after being notified of arrest warrants over an accounting scandal.

Chinese authorities are ramping up pressure on the global accounting giant that audited a slew of developers before the sector's meltdown.