Audit & Accounting

CFA Institute has released the Compensation Discussion and Analysis Template, a report that provides guidance for public companies wishing to improve the CD&A portion of their proxy statement.

The Financial Accounting Standards Board and the International Accounting Standards Board have published a joint set of proposals to account for the impairment of financial assets such as loans managed in an open portfolio.

The Financial Accounting Standards Board and the International Accounting Standards Board have published a proposal to establish a common approach to offsetting financial assets and liabilities on the balance sheet.

Sherron Watkins, the former vice president at Enron who tried to blow the whistle on the accounting violations at the scandal-plagued Houston energy-trading giant, told an audience at a seminar Friday on the new whistleblower provisions in the Dodd-Frank Act that she and other whistleblower employees would probably take their concerns to WikiLeaks rather than the Securities and Exchange Commission now.

Several top accounting firms made Fortune Magazine's recently released 2011 100 Best Companies to Work For list.

The Texas Society of CPAs executive board has adopted a resolution in support of the implementation of a new GAAP model for private companies.

The Small Business Tax Credit Calculator, developed by Tax Credits LLC, is able to complete lines 1 to 14 of Form 8941 for tax preparers in all 50 states.

The Blue-Ribbon Panel on Standard Setting for Private Companies submitted a report Wednesday recommending that the Financial Accounting Foundation set up a separate board to determine private company accounting standards.

The Financial Accounting Standards Board has taken a step back on previous plans to require companies to report all of their financial instruments at fair value.

The European Commission said it would recognize the equivalence of the audit oversight systems of the United States and nine other countries, laying the foundation for greater international cooperation on the supervision of auditors and auditing firms.