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Powerful new cloud-based tools offer a new approach to audit engagements, and clients are clamoring for it. But it can take years to perfect these new strategies — and the firms that haven't started may be falling ...

New concept statements released Wednesday address financial statement elements and factors FASB should consider in developing accounting guidance.

Learn more about Amie Cheung, Principal of Hong Kong accounting firm, Lawrence Cheung CPA (LCCPA) and recently appointed Deputy Chair of the Asia Pacific region of Alliott Global Alliance.

The AICPA Auditing Standards Board sharpened the audit profession's focus on risk-based auditing Tuesday with the release of a new standard on audit risk assessment.