FEW ISSUES INVOLVING THE PREPARATION of financial statements in conformity with generally accepted accounting principles have been more elusive and difficult to address and resolve—or of greater ...

The AICPA Auditing Standards Board (ASB) is proposing changes to the definition of materiality in its standards for auditors and attestation engagements to eliminate inconsistencies with the ...

The goal of conducting an audit and preparing an associating audit report is to allow the auditors to express an opinion regarding whether or not a company's financial statements were prepared in ...

Forbes contributors publish independent expert analyses and insights. Robert Eccles writes about sustainability in the capital markets. Materiality is a fundamental concept in corporate reporting of ...

Attorneys at Skadden, Arps, Slate, Meagher & Flom LLP discuss a recent 9th Circuit opinion about setting the standards for intra-quarter disclosure obligations under the Securities Act of 1933 in the ...