The Public Company Accounting Oversight Board has released a new alert from the PCAOB staff warning auditors about deficiencies that have been seen in audits of revenue figures. Processing Content The ...

FASB’s new revenue recognition standard, FASB ASC Topic 606, Revenue From Contracts With Customers, is one of the most significant changes ever in U.S. GAAP. The new, principles-based standard ...

University of Arizona's global campus overstated revenue by 0.13%; UA didn't take an ex-employee off payroll for 1-year plus.

Each year small businesses rush to complete their tax returns before the Internal Revenue Service's (IRS) April 15 deadline. Accountants and financial advisors are engaged to ensure that the companies ...

For years, the relationship between the Bureau of Internal Revenue (BIR) and the taxpayer has been fraught with stress, uncertainty, and administrative friction. Many business owners start their day ...

As of late December, the Public Company Accoun- ting Oversight Board had published on its Web site the results of some 173 inspections of audit firms.The purpose of this article is to attempt to ...

THE ASB ISSUED AN EXPOSURE DRAFT designed to expand audit procedures to address material financial statement fraud. Comments on the proposed changes are due by May 31, 2002. THE ED EMPHASIZES ...

On Jan. 27, 2026, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 08-2026, formally lifting ...

The full audits from King William County’s financial probes into the Commissioner of the Revenue’s Office and Treasurer’s Office found improper tax collection and shoddy bookkeeping within the ...