Audit & Accounting

Builder.ai lowered sales figures and hired auditors, a major setback for the artificial intelligence startup backed by Microsoft and the Qatar Investment Authority.

The Public Company Accounting Oversight Board was active with enforcements in 2024, but President Trump's deregulatory attitude stands to change what's next.

The board is mulling changes in its auditor independence standards for audits of collective investment schemes involving connected parties and pension funds.

The Public Company Accounting Oversight Board's inspection staff found noticeable improvements in the deficiency rates of the six largest global auditing firms.

The Governmental Accounting Standards Board made some preliminary proposals on accounting for severe financial stress and probable dissolution disclosures.

The institute's Accounting and Review Services Committee clarified a standard on financial statement prep that has major ramifications for CAS practices.

Due diligence and caution are important when evaluating investment opportunities and business plans that are being pitched.

Even when auditors follow all the standards and perform a high-quality audit, they can still be sued.

The Securities and Exchange Commission voted to end its defense of the climate-related disclosure rule it approved last year under the Biden administration.

The reasons why accounting is a fascinating major go beyond mere security. Within the field, a transformation is underway.