Audit & Accounting

Far too often, accountants get put into a box, and people assume this is a single-path career. But that is far from reality.

A potential recession is the biggest economic risk factor that audit partners foresee over the next 12 months, followed by regulations and geopolitical instability, said a survey by the Center for Audit Quality.

The sofamaker agreed to pay $1.5 million to the SEC to settle allegations that two former executives devised a fraudulent accounting scheme to meet a key Wall Street metric.

Private sector employers added a robust 233,000 jobs in October as annual pay grew 4.6% year over year, payroll giant ADP reported.

Richard Chambers is seeing a neverending series of crises confronting internal auditors and posing risks to their organizations.

Job and wage growth continued at a moderate pace among small businesses in October, likely slowed by the impact of recent hurricanes down south, according to payroll company Paychex.

A proposed ASU would update the guidance on accounting for software, specifically when it comes to developing software for internal use.

Top 50 Firm Schellman recently became the first U.S. firm accredited to certify compliance with the new ISO 42001 AI management standard.

Questions have been raised about how Crowdstrike accounted for the deal in its financial statements.

Erica Williams, who began her first term in January 2022, will now helm the Public Company Accounting Oversight Board through Oct. 24, 2029.