Accounting firms have steadily increased the use of outsourcing and offshoring of professional services including independent audit procedures. While firms suggest the work is of higher quality and similar litigation risk, questions remain as to whether public perceptions may be more negative....

Multiple stakeholders in the financial reporting process have articulated concerns over the rules-based orientation that U.S. accounting standards have adopted. Many argue that a more principles-based approach to standards setting, typified by international accounting standards, would improve...

Multiple stakeholders in the financial reporting process have articulated concerns over the rules-based orientation that U.S. accounting standards have adopted. Many argue that a more principles-based approach to standards setting, typified by international accounting standards, would improve...