Audit & Accounting

The International Auditing and Assurance Standards Board and the International Sustainability Standards Board provided help with adopting their standards.

Paul Atkins deflected questions on whether the Public Company Accounting Oversight Board should be scrapped, saying it was up to Congress.

Many companies are enthused by Trump's proposals to cut taxes and regulation, but there's mounting concern that his tariffs will raise prices and squeeze margins.

The move comes after ADM adjusted years of financial results due to errors in the way it reported transactions between business units.

The Treasury Department limited the scope of the Corporate Transparency Act's beneficial ownership reporting requirement to foreign companies.

The CFA Institute is urging accounting standard-setters to require more detailed disclosures of intangible assets before they're recognized on the balance sheet.

The CPA organizations sent a joint comment letter to the California Air Resources Board asking for changes in the state's climate risk disclosure rules.

The Public Company Accounting Oversight Board sanctioned and imposed a $40,000 fine on James Pai CPA and its partner for audit failures.

The Financial Reporting Council hit PwC with a $3.8 million penalty and one of its accountants with a $43,250 penalty over their audit of Sanjeev Gupta's Wyelands Bank.

GASB released a study on utilization of GAAP among state and local governments and found all the states are using GAAP, but only about three-quarters of localities are.