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Day: September 9, 2026

NYT Accounting News

PCAOB relaxes QC 1000 quality control standard

September 9, 2026
The Public Company Accounting Oversight Board voted to adopt amendments that ease the requirements of its QC 1000 quality control standard for auditing firms.
NYT Accounting News

IIA urges SEC to reject NYSE audit proposal

September 9, 2026
The Institute of Internal Auditors wants the SEC to reject a proposal to give newly listed companies up to five years to establish an internal audit function.
NYT Accounting News

Sharon Osbourne files to remove accountant as executor to Ozzy’s estate

September 9, 2026
Sharon Osbourne filed to remove Colin Newman, her late husband Ozzy’s long-term accountant, as an executor of the rock star’s estimated $100 million estate.
NYT Accounting News

GASB proposes digitization of government financial statements

September 9, 2026
The Governmental Accounting Standards Board released a discussion memorandum on the design of the GASB-GAAP Taxonomy and digitization of government financial statements.
NYT Accounting News

FASB releases standard for mutual fund fair value reporting

September 9, 2026
The update changes how investment companies such as mutual funds can measure the fair value of an equity security subject to a contractual sale restriction.
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  • Gil Davis, CPA/PFS
  • Evan Callahan, CPA
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