Accounting
Microsoft-backed startup Builder.ai hires auditors to investigate inflated sales
Builder.ai lowered the sales figures it provided to investors and hired auditors to examine its last two years of accounts,...
Local firm slashes staff starting salaries
To improve firm profitability, local firm Watts, Taber and Fiske has made an innovative move to reduce full-time starting salaries...
IESBA eyes auditor independence rules for investments
The International Ethics Standards Board for Accountants is mulling changes in its auditor independence standards for audits of collective investment...
IRS cuts more jobs as union sues over Trump executive order
The Internal Revenue Service has reportedly axed more jobs at the height of tax season, placing 50 senior IT leaders...
PCAOB sees improvements in largest audit firms
The Public Company Accounting Oversight Board's inspection staff found noticeable improvements in the deficiency rates of the six largest global...
GASB mulls accounting for severe financial stress and probable dissolution
The Governmental Accounting Standards Board is looking for feedback on its preliminary proposals associated with accounting and financial reporting for...
AICPA clarifies standard on CAS statement preparation
The American Institute of CPAs' Accounting and Review Services Committee clarified a standard on financial statement preparation as part of...
Art of Accounting: What potential investors must have
Enjoy complimentary access to top ideas and insights — selected by our editors. A friend's son asked if he could...
Slow US tax collections spark angst about debt ceiling X-date
Tax collection projections are down. Refunds are up. That's a formula that could dampen U.S. government revenue and, if it...
IRS sets new initiative with banks to uncover fraud
The Internal Revenue Service's Criminal Investigation unit has embarked on a new initiative for engaging with financial institutions as it...
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