Accounting standards

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Erica Williams described the work the PCAOB has been doing to overhaul out-of-date auditing standards and increase its inspections and penalties.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

Janet Truncale most recently was the regional MP for EY's financial services organization in the Americas.

The two-member combination will be called Forvis Mazars when it's finalized next June.

The audit overseer hit at least nine different firms, with fines totaling approximately $4 million.

Magazine Luiza's announcement of accounting "inconsistencies" deals another blow to companies that have struggled after the scandal that brought down Americanas.

The standard-setter has appointed its technical director as its newest member, succeeding vice chair James Kroeker.

The American Institute of CPAs is rolling out some changes in its tax standards that will take effect in January.

How to offer advisory services the right way

The board has issued an accounting standard for governments around the world to use for reporting on retirement plans.

The IFRS Foundation's Lee White will succeed Kevin Dancey at the International Federation of Accountants in March.

The bulk of the cuts will be aimed at the advisory division.