Audit & Accounting

Facing a backlash from audit firms about its proposal to toughen the standards for failing to detect noncompliance with laws and regulations, the Public Company Accounting Oversight Board has decided to delay action on the standard this year.

The Institute of Management Accountants released a report on why business sustainability depends on the competencies of management accountants.

Being careless in a company's early years can make it hard to change from non-GAAP to GAAP standards when preparing for an IPO, sale or other exit.

The invitation to comment requests input on financial key performance indicators such as EBITDA and free cash flow and how they should be treated.

The rule change addresses situations in which a firm has ceased to exist, is nonoperational or no longer wishes to remain registered.

The Carbon Disclosure Project and the Global Reporting Initiative plan to deepen their collaboration.

Discover disclosed last year that it overcharged merchants after misclassifying certain credit-card accounts into its highest pricing tier, and the CEO stepped down.

Board members face the likelihood of a deregulatory emphasis under the incoming Trump administration and probable changes in board composition.

Certified internal auditor certification, management accounting and company valuation are the top surging accounting and finance skills, according to a new Udemy report.