May 21, 2018

Since December 15 of 2017, U.S. public corporations have been required to disclose in their annual reports how long their external auditor has been engaged by the company.

USA, May 21, 2018

The longer the tenure of a company's Big Four auditor, the greater the fee — even though the effort required of the auditor lessens over time.

May 16, 2018

Two parliamentary committees suggest accounting reforms after Carillion liquidation

May 18, 2018

Clients need more audit partners for real accountability.

May 16, 2018

The IRS should provide a simplified adjustment procedure for partnership audits, the AICPA recommended in a letter to the IRS Chief Counsel’s Office on Wednesday, and should generally aim for maximum flexibility in adjusting the tax attributes of an audited partnership and its partners.

May 16, 2018

A new proposal would change accounting rules for federal government agencies with a goal of creating consistency in the accounting treatment and reporting for land holdings while considering user information needs.

May 15, 2018

The AICPA issued a working draft of an Accounting and Valuation Guide on Tuesday that provides guidance for financial reporting purposes regarding the accounting for and valuation of portfolio company investments of venture capital and private-equity funds and other investment companies within the scope of FASB Accounting Standards Codification (ASC) 946, Financial Services — Investment Companies.

May 4, 2018

A new study by the International Federation of Accountants has found high rates of adoption of international accounting standards in areas such as auditing and ethics.

April 19, 2018

The American Institute of CPAs is asking the Internal Revenue Service to amend the information it is providing to taxpayers in its Frequently Asked Questions pages about overpayments of taxes by multinational corporations on their 2017 tax returns under the new tax law.

USA, April 18, 2018

Securities class-action filings containing accounting-related allegations reached unprecedented heights last year, although the total settlement value declined significantly, according to a new report.

Johannesburg, April 17, 2018

South Africa’s Auditor General said on Tuesday he is terminating all contracts with auditing firm KPMG over a string of recent scandals that have cast doubt over the international audit firm’s professional and ethical conduct.

April 2, 2018

The Governmental Accounting Standards Board released guidance Monday to improve debt-related disclosures in notes to financial statements, including how they address direct borrowings and direct placements.