Recently issued FASB standards for revenue recognition, lease accounting, and the private company variable-interest entity (VIE) consolidation have led to companies’ and practitioners’ asking a host of questions about the preparation and auditing of financial statements. READ MORE..

Newly sworn-in Auditor General Nancy Gathungu on Thursday assumed office.

Gathungu, while taking the mantle from her predecessor Edward Ouko, said her  area of focus will be to clear the backlog of audit reports for various public institutions. READ MORE..