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Bloomberg Financial Accounting

Bloomberg Financial Accounting provides the latest expert analysis and interpretations of financial accounting standards, along with news, FASB Codification, EDGAR Search, Big Four Positions, and more.

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Expertise and Practical Tools for Audit

Look to us for the latest news and insights, tools, Accounting portfolios, and AICPA and PCAOB guidance for the Audit sector.

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Q&A

Q&A with AICPA Chief Auditor Bob Dohrer

AICPA Chief Auditor Bob Dohrer and Senior Analyst Joseph Bailey discuss audit considerations of the Paycheck Protection Program.

Webinar

Latest Coronavirus Impact on the State of Accounting

This on-demand webinar explores the state of accounting to analyze changes as a direct result of the Coronavirus impact on financial reporting, auditing, and sustainable accounting standards.

Q & A

Q&A with CAQ Executive Director Julie Bell Lindsay

Todd Cheney, Practice Lead of Financial Accounting at Bloomberg Tax, spoke with the Executive Director of the Center for Audit Quality (CAQ), Julie Bell Lindsay, to discuss some of the most heavily watched areas within the audit profession.

ARTICLE

Audits Improve, but Must Adapt to Evolving Investor Needs

The CAQ’s annual main street investor survey in 2019 showed 83% of respondents saw public company auditors as effective in their investor protection goal, up from 81% in 2018. Additionally, public company financial restatements slipped to an 18-year low in 2018. However, those metrics only reveal a slice of the much larger story. Investors are making decisions with information that lives outside of the audited financial statements, including non-GAAP and sustainability metrics. Read insights from Center for Audit Quality’s Executive Director Julie Bell Lindsay.

VIDEO

Discussions from 2019 AICPA National Conference on Current SEC and PCAOB Developments

Bloomberg Tax experts interview PCAOB Chairman William Duhnke, FASB Chairman Russell Golden, the Center for Audit Quality Senior Managing Director Catherine Ide, and more on the sidelines of the 2019 AICPA National Conference on Current SEC and PCAOB Developments.

PODCAST

Technology Means Transformation for Audit Sector

Patricia Cummings, chief risk officer and a managing partner at accounting and consulting firm Citrin Cooperman, discusses how technology is transforming the accounting and auditing environment. Artificial intelligence, data analytics, and blockchain are changing what aspiring auditors should know—as the industry looks for “critical, strategic thinkers.”

PODCAST

The Evolution of the Audit Industry and What’s Next

Bloomberg Tax reporter Amanda Iacone spoke with Cindy Fornelli, executive director of the Center for Audit Quality, about the evolution of the audit profession and what it takes to ensure high quality financial audits.

PODCAST

China Refuses U.S. Audit Inspections – Why It Matters

Effective auditing of companies’ financial statements is important for investor confidence, but Chinese companies traded in the U.S. don’t get U.S. oversight of their audits as other companies do. And that could be a risk for investors. Bloomberg Tax’s Amanda Iacone spoke with Paul Gillis, who teaches at Peking University’s school of management in Beijing, about the significance of the problem and what may lie ahead.

Latest Daily Tax Report News

Customer Resources

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PORTFOLIO

Portfolio 5400-3rd: Auditors’ Reports — Non-Issuers

Tax Management Portfolio 5400, Auditors’ Reports — Non-Issuers, outlines the competing roles that independent auditors and counsel for public companies play and the professional conflicts those roles create.

PORTFOLIO

Portfolio 5403: Auditing Fair Values

Tax Management Portfolio 5403, Auditing Fair Values, explains and analyzes the rules and best practices for auditing fair values under U.S. and international auditing standards.

TOOLS

Accounting Standards Tracker

Check the status of proposed and final standards and examine other key documents from the FASB, AICPA, IASB, GASB, SEC, and PCAOB. Easily browse summaries for each rule, read comment letters, and find related articles. Filter by topic and date range to track developments that impact you the most.

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