Audit & Accounting

Better communication among internal and external auditors and audit committee members can ease some of the tensions, according to a new report.

Compensation for management accounting and finance professionals rose by an average of 7.1 percent last year, according to a new survey, but some specialties received raises while others saw their salaries remain stagnant.

The Financial Accounting Standards Board said Monday that the Securities and Exchange Commission has adopted its 2015 GAAP Financial Reporting Taxonomy, which uses XBRL format.

The Financial Accounting Standards Board and the International Accounting Standards Board are considering some changes to their converged revenue recognition standard that could lead to divergence after hearing feedback from the Joint Transition Resource Group that is examining implementation issues.

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Special Report

Deloitte introduced a new analytics platform for internal auditors to support the end-to-end audit process with data visualization, risk sensing and analytic techniques.

Prince Charles' Accounting for Sustainability Project and its Chief Financial Officer Leadership Network has published four guides to help the finance and accounting community address the issues of integrating sustainability into their business processes and decisions.

Chief audit executives and audit committee members view internal audit priorities differently, particularly when prioritizing risks, according to a new survey by Grant Thornton.

The Institute of Internal Auditors is merging with the Auditing Roundtable to create a new Environmental, Health, and Safety Audit Center that will serve environmental, health and safety auditors around the world, starting in 2016.