The Public Company Accounting Oversight Board ramped up enforcement, modernized standards, enhanced inspections and expanded engagement in 2024.
Day: January 6, 2025
Letters to the Editor: A pipeline problem solution, and more
Readers weigh in on recent articles, and the major trends impacting the profession.
Audit firms urge SEC to reject PCAOB metrics and reporting standards
Auditing firms are asking the SEC to reject the Public Company Accounting Oversight Board’s recent standards on firm and engagement metrics and firm reporting.
FASB seeks input on standard-setting priorities
The board’s first agenda consultation in three years is focused on identifying targeted improvements to GAAP.
3 oil and gas investments that bring big tax savings
Wealthy clients and other accredited investors should consider drilling deductions, opportunity zones and 1031 exchanges in 2025, an expert says.
FASB clarifies date of disaggregation standard
The Financial Accounting Standards Board released an update to clarify the interim effective date of its standard on disaggregation of income statement expenses for non-calendar year-end companies.