The Public Company Accounting Oversight Board saw an improvement in audit quality in its latestspotlight report.
Audit deficiency rates decreased last year
Audit deficiency rates decreased to 23% last year, down 15 points from 38% in 2024, according to a PCAOB report.
Supreme Court to hear case involving distilled spirit taxes
The high court has agreed to review a case involving an 1868 law that imposed taxes on distilled spirits while also banning home distilleries.
Bill, Billtrust, Visa pilot AI payments without human authentication
Bill, Billtrust and Visa announced a live pilot to enable AI agents to initiate and complete approved buyer invoice payments end-to-end through supplier portals without the need for human authentication.
ISSB proposes nature-related disclosures
The International Sustainability Standards Board issued a set of proposals on nature-related disclosures in conjunction with a UN climate change conference.
FASB proposes to clarify guidance on consideration payable to customers
The Financial Accounting Standards Board issued a proposed accounting standards update on consideration payable to a customer under the revenue recognition standard.
