Accounting standards

The Securities and Exchange Commission approved the board's 2024 budget totaling $384.7 million, up approximately 10%.

The Financial Accounting Standards Board released its long-awaited accounting standards update to improve the accounting for and disclosure of certain cryptoassets.

2024 will be a demanding year for internal auditors who will be facing new requirements and updated standards.

Accounting's most influential share their primary concerns for the profession.

A Milan appeals court overturned a previous guilty verdict for the ex-CEO of Banca Monte dei Paschi di Siena SpA.

The International Auditing and Assurance Standards Board has unveiled a new standard for auditing smaller businesses and organizations.

Municipal bond investors and government regulators could benefit from easier access to consistent, machine-readable financial data from government bond issuers.

Like other firms, KPMG has been battling a fall in demand for its services caused by the tougher economic climate.

The International Financial Reporting Standards Foundation trustees reappointed Emmanuel Faber to serve a second term as chair of the International Sustainability Standards Board through the end of 2027.

Mohammed Kande has been the Big Four firm's global advisory leader since 2019 and involved in PwC's artificial intelligence efforts.

The Securities and Exchange Commission voted to approve a new standard for audit confirmations that updates a decades-old standard to recognize the use of technology.

The hub will support use of the International Sustainability Standards Board frameworks for disclosing climate risks.

The board levied penalties against three firms in China, including member firms of PricewaterhouseCoopers that it found were improperly sharing answers to exams.

Erica Williams described the work the PCAOB has been doing to overhaul out-of-date auditing standards and increase its inspections and penalties.

A new final accounting standards update from FASB aims to improve public companies' disclosures about their reportable segments and expenses.

Sustained high interest rates are pushing Canada toward a recession.

Revised financial statements mark an attempt to "turn the page" for the scandal-struck Brazilian retailer

A recent survey says a large majority of firms enjoyed increased revenue and profit this year, based partially on growing client advisory services and the adoption of value-based pricing.

The board voted to approve a new budget for fiscal 2024, and revealed it surpassed last year's record amount of fines.

Pentagon officials nonetheless claimed significant progress in tracking its assets and correcting hundreds of deficiencies in its accounts.