Audit & Accounting

U.S. companies need more preparation and training before International Financial Reporting Standards can be adopted, according to a survey of CFOs and other senior finance professionals by Deloitte.

Wayne R. Pinnell has been leading Haskell & White as the firm continues to expand its mergers and acquisitions practice.

The U.S. Small Business Administration said that homeowners, renters, nonprofit organizations and businesses have one more month to submit disaster loan applications for damage caused by the severe storms and tornadoes on April 4.

A week after proposing requirements for public companies to start filing their financial statements with interactive data tags, the Securities and Exchange Commission wants mutual fund companies to begin filing risk and return information using the technology.

The Financial Accounting Foundation has tapped Teresa S. Polley as its new president and chief operating officer.

The Securities and Exchange Commission has broadened financing opportunities for small businesses by adopting a rule amendment under the Investment Company Act.

The American Institute of CPAs gave out its public service awards at its Spring Council meeting to an individual and a firm for their contributions to the community at large.

The American Institute of CPAs outlined plans to simplify the plethora of auditing standards and eliminate any that had no clear objective.

The Securities and Exchange Commission has filed civil fraud charges against eight former executives of AOL Time Warner, blaming them for causing the company to overstate advertising revenue by more than $1 billion via round-trip accounting transactions.

With accounting standards moving toward convergence around the world, some accounting firms are beginning to worry that the adoption of International Financial Reporting Standards could lead to litigation.