Audit & Assurance

Aug 8, 2025, 00:00 by Jessica Barboza

FASB has issued an Accounting Standards Update (ASU) that improves guidance on the measurement of credit losses for accounts receivable and contract assets.

Aug 8, 2025, 00:00 by Jessica Barboza

In case you missed them, here are some recent interesting financial A&A news items from around the web.

Aug 7, 2025, 02:00 by Natalie Rooney

Fraud continues to be a complex consideration in financial statement audits. ASB research highlighted ongoing questions about the auditor’s responsibilities for identifying and assessing fraud risk. Read more in the new issue of CPA Voice.

Aug 1, 2025, 00:00 by Jessica Barboza

FASB voted July 23 to move ahead with plans for more than 30 tweaks to the Accounting Standards Codification, the source of authoritative U.S. GAAP, based on feedback on dozens of issues it had previously proposed to update. The board also authorized staff to draft a final update of the rules that will be voted on at a later meeting.

Aug 1, 2025, 00:00 by Jessica Barboza

In case you missed them, here are some recent interesting financial A&A news items from around the web.

Jul 31, 2025, 00:00 by Natalie Rooney

It may be unimaginable that a trusted employee would commit fraud against your business, but data from the ACFE Report to the Nations shows occupational fraud is on the rise, and it’s costing organizations more than ever.

Jul 25, 2025, 00:00 by Jessica Barboza

The SEC has tapped a longtime official of the PCAOB as its new leader. George Botic, a CPA who has been a PCAOB board member since October 2023, became the acting chair of the PCAOB on July 23, the SEC said in a statement. Congress formed the nonprofit in 2002 in response to a series of high-profile accounting scandals and auditing failures.

Jul 25, 2025, 00:00 by Jessica Barboza

In case you missed them, here are some recent interesting financial A&A news items from around the web.

Jul 18, 2025, 00:00 by Jessica Barboza

CFO confidence fell dramatically in the second quarter of the year amid economic and geopolitical uncertainty, according to a new report from Deloitte.

Jul 18, 2025, 00:00 by Jessica Barboza

In case you missed them, here are some recent interesting financial A&A news items from around the web.

Jul 11, 2025, 00:00 by Jessica Barboza

The PCAOB will host two virtual workshops designed to assist smaller audit firms with the practical implementation of QC 1000, A Firm’s System of Quality Control. The events will be held on July 17 and July 31 from 11am – 2:30pm ET.

Jul 11, 2025, 00:00 by Jessica Barboza

In case you missed them, here are some recent interesting financial A&A news items from around the web.

Jun 27, 2025, 00:00 by Jessica Barboza

The Senate Parliamentarian has rejected the provision in the Trump tax bill that would have eliminated the PCAOB and transferred its responsibilities to the SEC, ruling it ineligible for passage under a streamlined reconciliation procedure.

Jun 27, 2025, 00:00 by Jessica Barboza

In case you missed them, here are some recent interesting financial A&A news items from around the web.

Jun 26, 2025, 02:00 by Natalie Rooney

Following a review of the effectiveness of the Private Company Council, the Financial Accounting Foundation issued a report confirming that the PCC should continue to operate, and that its current mission, remit and structure remain valid and appropriate.

Jun 20, 2025, 00:00 by Jessica Barboza

Accounting firms in the U.S. have had a profitable last 12 months, due to adding new clients, technology, and service offerings, according to a new report from Xero.

Jun 20, 2025, 00:00 by Jessica Barboza

In case you missed them, here are some recent interesting financial A&A news items from around the web.

Jun 13, 2025, 00:00 by Jessica Barboza

Two Ohio Auditor of State auditors will serve on two new GASB consultative groups formed by GASB Chair Joel Black. One auditor will assist with GASB’s GAAP Structure pre-agenda research project. The second auditor will serve on the Voluntary Digital Financial Reporting Taxonomy Consultative Group.

Jun 13, 2025, 00:00 by Jessica Barboza

In case you missed them, here are some recent interesting financial A&A news items from around the web.

Jun 5, 2025, 00:00 by Jessica Barboza

The IRS has issued interim guidance regarding the application of the Sec. 55 corporate alternative minimum tax (AMT). The guidance in Notice 2025-27 provides an optional simplified method for determining applicable corporation status under Sec. 59(k).