Amanda Iacone

The US accounting standard setter signaled support Wednesday to consider additional changes to its nearly decade-old rewrite of lease accounting rules that pulled assets from airplanes to warehouses onto corporate balance sheets.

Rapid expansion of artificial intelligence tools and private equity ownership pose new risks to auditor reviews of corporate accounting that the US audit regulator must address, its acting leader said.

EY is poised to pick a new US leader in the coming months who will steer the Big Four firm as it grapples with AI technology set to disrupt the consulting and accounting industries.

The board that sets US accounting rules is unconvinced whether to create formal standards for earnings and cash flow metrics that corporate managers frequently hype to investors.

Marcum Asia CPAs LLP agreed to pay a $100,000 fine to the US audit regulator in connection with botched audits for data analytics firm Gridsum Holding Inc.

KPMG LLP considered 64 risks that could signal Silicon Valley Bank was in jeopardy of going out of business in early 2023. None applied to the regional lender, the auditor initially determined.

BDO USA P.C. said Wednesday it will acquire Horne LLP, expanding its footprint in the Southeastern US along with its state and local government practice and creating a $3.2 billion combined accounting and advisory firm.

The SEC’s new top accountant wants to make sure accounting and auditing standard-setters keep up with the times and move quickly to address emerging areas like digital assets.

The SEC’s new top accountant wants to make sure accounting and auditing standard-setters keep up with the times and move quickly to address emerging areas like digital assets.

SEC Chair Paul Atkins threatened Wednesday to reconsider a nearly two-decade-old decision allowing global companies to rely on international accounting rules when reporting their results to US investors.

Private Equity Deals Leave State Accounting Boards on Sidelines

State regulators are sounding the alarm as private equity-backed accounting firms test the limits of longstanding rules and laws designed to protect the objectivity of licensed CPAs.

State regulators are sounding the alarm as private equity-backed accounting firms test the limits of longstanding rules and laws designed to protect the objectivity of licensed CPAs.

The SEC is building onto initial cryptocurrency accounting rules with new staff guidance that certain stablecoins could be treated as cash.

Top 25 US accounting firm Wipfli LLP is poised to join the growing ranks of its peers who have cut private equity deals.

Larger mid-tier audit firms continue to struggle meeting core standards for how they vet the revenues and cash flows of public companies, according to their US regulator.

Private equity-backed Grant Thornton is looking to break the professional services mold in the crowded mid-tier market through its acquisition of a fast-growing outsourcing company that modernizes corporate back offices with AI and automated processes.

SEC Chair Paul Atkins is following a familiar path in his approach to the US audit board: replace its members and force an agenda reset.

The US audit regulator faces its third leadership overhaul since 2017 after the SEC said it would seek candidates to fill all five seats on the Public Company Accounting Oversight Board.

House Republicans have threatened to hold up funding for the US accounting standard setter over expanded income tax disclosures set to hit to corporate financial statements early next year.