Accounting standards

Switching accounting firms had been seen by some companies as a way to satisfy a 2020 law that threatens to remove businesses from the NYSE and Nasdaq if U.S. officials can't inspect their audit work papers.

Members serve one-year terms advising the board on the needs and perspective of small public companies.

The board is asking for public input on modernizing standards, which is one of the key goals for its draft strategic plan.

The commission's Investor Advisory Committee suggested reforms to the way the board operates.

Just days after American officials arrived in Hong Kong to review the audit work papers of Chinese companies, Washington's watchdog has a stern warning for Beijing: U.S. inspectors must get full access.

Utilizing a shadow payroll process, the payroll in the work country shadows (or mirrors) the compensation paid to the employee in their origin country.

Ernst & Young reported a 13.7% revenue increase in U.S. dollars and 16.4% in local currency terms in fiscal 2022, the highest growth in nearly two decades.

The Financial Accounting Standards Board is considering a change to address leases that are under the common control of related-party businesses.

EY Americas vice chair John King discusses the impact and history of one of the most influential pieces of financial legislation of the past 50 years. 

Some of the standards were inherited two decades ago from the AICPA and don't take into account ever-changing technology.

PCAOB inspections will take place in Hong Kong under a preliminary agreement reached between American and Chinese regulators to avoid delisting.

After a decades-long impasse that led to a threat to kick about 200 Chinese firms off New York stock exchanges, PCAOB inspectors may soon get their first look under the hood of some of China's largest corporations.

PCAOB sanctions Canadian firm over noncooperation with inspections

The commission has accused California-based VMware of running a scheme that used license key delays as its mechanism.

The International Accounting Standards Board introduced update proposals for the IFRS for SMEs accounting standard for small and medium-sized entities.

Her son, Charles, a longtime proponent of the accounting profession's role in sustainability reporting through the group he founded in 2004, Accounting for Sustainability (A4S), is succeeding her on the throne as King Charles III.

The Big Four firm's leaders have approved a plan to separate EY's audit and consulting businesses around the world.

The Big Four firm reported record revenue worldwide for fiscal year 2022 of $59.3 billion.

The warning follows several businesses switching to U.S. auditors amid an ongoing dispute between regulators in Washington and Beijing.