Accounting Profession Not Just About Closing Books and Issuing Reports, Chief Accountants Say
The accounting profession is not just about closing books and producing annual and quarterly reports but about bringing value to …
AICPA Digital Asset Reporting Guide Punts on Lending Transactions
A working group of the AICPA—which develops a practice aid related to crypto accounting—decided not to directly address a recent …
Audit Deficiencies Increased, 2021 PCAOB Inspections Find
The Public Company Accounting Oversight Board (PCAOB) said that accounting firms should do a better job of auditing their clients’ …
Companies Already Have Implementation Questions on SEC’s New Pay vs. Performance Rule
The Securities and Exchange Commission’s Division of Corporation Finance (CorpFin) staff has already been getting implementation inquiries about the commission’s …
SEC Acting Chief Accountant Urges Auditors to Step Up in Detecting Corporate Fraud
Securities and Exchange Commission Acting Chief Accountant Paul Munter issued an Oct. 11, 2022, public statement, urging auditors to do …