The SEC appointed Marc A. Panucci Deputy Chief Accountant in the Office of the Chief Accountant.

On June 17, 2016, the Federal Reserve Board, the US Federal Deposit Insurance Corporation, the US Office of the Comptroller of the Currency and the US National Credit Union Administration released a joint statement...

The advisory notes that while the guidance is largely consistent with existing US standards and practices, there are certain differences between the principles and the expectations of US regulators.

In this phase of audits, the OCR will review policies and procedures that are required by HIPAA to be adopted and followed with respect to HIPAA's Privacy, Security, and Breach Notification Rules.

The IRS Small Business/Self-Employed (SB/SE) Division will likely move toward examining more business return categories, such as subchapter S corporations, and away from Form 1040 audits, a senior IRS official said May 6 in Washington.

In a recent Law360 article, Kat Gregor commented on the IRS's final guidance on partnership audit rules

There is a myriad of information relevant to Accountants' Liability matters. It can be time consuming and confusing finding the relevant authoritative guidance.

The Federal Reserve Board, the Office of the Comptroller of the Currency ("OCC"), the FDIC and the National Credit Union Administration updated its FAQ on the new credit losses accounting standard.

Last week, the Center for Audit Quality released two new resources—an updated Guide to Internal Control over Financial Reporting and a new Tool for Audit Committees: Preparing for the New Credit Losses Standard.

The World Health Organization (WHO) announced that COVID-19 (also known as coronavirus) has become a pandemic on March 11.

Once the FASB issues the proposal on their website, there will be a 30-day comment period for feedback on the proposed extension.

The role of internal auditing is expanding rapidly in complexity and scope as companies cope with myriad regulations, technological transformation, legacy transition, and external threats...

Amid the COVID-19 pandemic, the Financial Accounting Standards Board has come under pressure to relax its credit losses standard...

Kelsey Weeks, a Senior Associate at Ankura, navigated an unexpected yet fulfilling career path into forensic accounting. Although her academic background in accounting, marketing, and sports management.

The PCAOB released an interim analysis report and two accompanying white papers providing the PCAOB's perspective on the initial impact of critical audit matter (CAM)...

SEC and Public Company Accounting Oversight Board ("PCAOB") leaders alerted market participants to potential impacts from the coronavirus on financial disclosure and reporting.

SEC Chair Jay Clayton, Chief Accountant Sagar Teotia, and Director of the Division of Corporation Finance William Hinman offered observations

The SEC named Richard Jones as the next Chair of the Financial Accounting Standards Board ("FASB"). He will succeed Russ Golden, beginning his term July ...

On January 23, 2025, the SEC issued Staff Accounting Bulletin (SAB) 122, formally withdrawing the controversial SAB 121.

On March 19, 2021 the Office of Management and Budget (OMB) issued Memorandum M-21-20 that includes a six-month extension (beyond the normal due date) for single audit submissions of organizations...