Auditing January 14, 2026
The PCAOB announced sanctions on Jan. 13 against Southfield, MI-based accounting firm Zwick CPA, the firm's owner Jack Zwick, and former audit manager Jeffrey Hoskow for an audit gone wrong.
December 19, 2025
December 19, 2025
December 19, 2025
November 3, 2025
Auditing January 5, 2023
Proposal would replace an interim standard that has not changed substantially since 2003.
Auditing November 21, 2022
The PCAOB plans to take a five-pronged approach to updating its quality control rules.
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Auditing October 12, 2022
Modernizing auditing standards is one of four goals identified in the board’s draft five-year strategic plan.
June 22, 2022
The Public Company Accounting Oversight Board (PCAOB) voted unanimously to amend current auditing rules and introduced a new standard on June 21 pertaining to an audit firm’s use of so-called “other auditors” who lend a hand during the course of an audit.
March 17, 2021
AICPA News is a round-up of recent announcements from the American Institute of CPAs.
February 25, 2021
The standard requires immediate past auditors and presumed successor auditors, once management consents to the past auditor responding, to communicate about potential NOCLAR situations. Examples of NOCLAR situations include, but are not limited to...
June 1, 2018
On January 1, 2021 - IFRS 17 - one of the biggest changes to insurance accounting in more than 20 years, goes into effect. According to the International Accounting Standards Board, $13 trillion total assets of 450 listed insurers using International ...
December 18, 2017
The IFRS Taxonomy facilitates the digital creation and consumption of financial information. It improves investors’ access to financial information by listing and defining specific codes, or elements, that can be used to tag items of data.
August 2, 2016
The proposed ASU is part of the FASB’s broader disclosure framework project to improve the effectiveness of disclosures in notes to financial statements by clearly communicating the information that is most important to users of a reporting ...
July 26, 2016
Leasing is an important source of financing for many entities in the United States and around the globe. Many entities enter into leasing arrangements to gain access to assets, obtain financing, or reduce exposure to the risks of ownership of an asset.
June 27, 2016
60 percent of respondents indicated that they are running behind schedule in their overall implementation of the standard, which has an effective date as early as January 1, 2018, for many organizations.
June 21, 2016
After numerous delays and extensions, the Financial Accounting Standards Board (FASB) issued its long-awaited final standard on accounting for credit losses on Thursday. After meeting with concerned community bankers, auditors and regulators, the ...