Audit & Accounting

The Institute of Internal Auditors has released an updated look at continuous auditing, providing guidance to chief audit executives on what technologies are available for continuous auditing, and how continuous auditing relates to management’s risk management, risk assessment and monitoring activities.

Payroll: Cash Machine?

For the second year running, national firm BDO USA has racked up the most new SEC audit clients.

Fewer restrictions on shareholder participation correlate with a relatively low incidence of accounting restatements, according to a new study.

More accountants like to solve problems than crunch numbers, according to a new survey.

Wake Forest University School of Business announced on Monday that they will hold an informative lecture on March 24, according to the Winston-Salem Journal. The lecture will be focused on the challenges of creating global accounting standards.

Companies often turn to their accountants when they need to cut expenses, and a good place to start is with the travel budget.

Internal audit is extending its traditional role as an assurance provider into playing a more proactive role as trusted advisor, according to a new report by PricewaterhouseCoopers.

AICPA vice president of taxation Edward Karl stated, “Taxpayers will be in one of three situations – they will have had health insurance that met the requirements for minimum essential coverage under the Affordable Care Act, will have qualified for an exemption or will owe the penalty for not having qualified health insurance. In order to meet the information reporting requirements, taxpayers will have to gather new records and become familiar with new forms, instructions and terms.”

An accounting scandal, a failed merger and the departure of top executives would normally make a company toxic to acquirers. Not for Salix Pharmaceuticals Ltd., the subject of a $11 billion bidding war that drove the drugmaker’s stock close to its highest-ever price.