Audit & Accounting

The Public Company Accounting Oversight Board has approved the reorganization of its auditing standards to help users navigate the standards more easily.

Filings of securities class actions with accounting-related allegations increased 47 percent in 2014, according to a new study.

Privately held U.S. companies are growing sales this year so far at the fastest rate in three years, according to the financial information company Sageworks.

Kara Stein, a commissioner with the Securities and Exchange Commission, appeared to reject the need for convergence with International Financial Reporting Standards in a speech last week.

The Cleveland-based CPA firm Skoda Minotti is facing a lawsuit from a group of depositors who lost their money after the collapse of a credit union that the firm had been auditing.

The Financial Accounting Standards Board is getting ready to unveil a set of proposals that could have a major impact on the way nonprofit organizations present their financial statements.

The Public Company Accounting Oversight Board has scheduled a meeting for next Tuesday where it will vote on adopting a reorganization of auditing standards.

The Association of Chartered Certified Accountants has produced a new series of reports in collaboration with the Economic and Social Research Council investigating the dynamics between corporate culture and regulations and the link to dysfunctional behavior in organizations.

The Sustainability Accounting Standards Board has released a set of provisional sustainability accounting standards for “resource transformation” industries such as aerospace and chemicals.

Investors should pay closer attention to the Other Comprehensive Income statement on financial reports, suggests a new study.