Audit & Accounting

GASB renames financial report to avoid racist connotations

By Michael Cohn 2 min read

The board is changing the term Comprehensive Annual Financial Report because the abbreviation is often pronounced the same way as a derogatory term. Read story →

Businesses turn to accountants for HR advice

By Michael Cohn 5 min read

Small businesses are increasingly relying on their accountants for advice on hiring as the labor shortage continues during the pandemic. Read story →

PCAOB sees slight improvement in audits, but problems continue

By Michael Cohn 2 min read

Deficiencies remained high in 2020, according to a new report from the board. Read story →

GigaMedia execs charged with $50M fraud scheme

By Chris Dolmetsch 2 min read

The top executives of a defunct cybersecurity company were charged with duping investors. Read story →

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EY announces free Masters in Business Analytics for staff

By Sean McCabe 2 min read

Ernst & Young, in association with Hult International Business School, announced the new data and AI-minded qualification is available free of charge for all global firm members. Read story →

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ASC 842 and GASB 87 – Practical lease accounting examples

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