Amanda Iacone

Accounting regulators and industry leaders are drafting reforms to state CPA licensing rules in an effort to expand the profession's ranks by providing new pathways that could include skills acquired outside a classroom to earn the credential.

Coinbase Global Inc., Robinhood Markets Inc., and Bakkt Holdings Inc. are among a small group of companies whose balance sheets are laden with billions of dollars worth of their customers' crypto assets.

Top accounting firm leaders will have to certify that safeguards meant to deliver sound audits work as intended under a sweeping overhaul of governance requirements the SEC approved on Monday.

US auditors fell short in responding to risks from soaring interest rates that toppled three regional banks over a year ago, according to the US accounting oversight board.

Deloitte's global revenue rose 3.1% in 2024, down sharply from double-digit growth a year earlier, amid shrinking fees for its deals and financial advisory practice and slower growth within its core consulting unit.

House Republicans are demanding SEC records to uncover whether the Wall Street regulator told US banking oversight agencies about its plan to issue what has become controversial crypto accounting guidance.

KPMG LLP said Monday that it has cut roughly 330 people from its U.S. audit business to combat near historic low employee turnover rates.

SEC officials will be watching closely to see what details US companies provide investors about their ongoing reliance on artificial intelligence or how they are developing the fast-emerging technology.

A hotly contested proposal that would require auditors to dig far deeper into their clients' potential lawbreaking activities won't be finalized this year, the US audit regulator said on Friday.