Audit & Accounting

Our editors’ picks for what made news in the profession this year

The Securities and Exchange Commission has launched a pilot program aimed at simplifying investor analysis and comparisons of public company financial statement data using Extensible Business Reporting Language, or XBRL, and other types of data.

Computer Sciences Corp. reached a proposed settlement with the SEC over an accounting probe, agreeing to pay $190 million and adjust its financial statements.

In a recent poll, just over one in every five CPA firms (22%) indicated that they expect revenue growth of more than 10 percent in the new year.

Working virtually from home may have been semipopular at best a few years prior, but in soon-to-be 2015, the idea is gaining much more traction, especially amongst young CPA's and new-hires.

KPMG’s issues worth watching in 2015, CohnReznick examines the IPO market, and more…

Internal audit as a line of defense against inappropriate levels of risk is a time-honored concept in the U.K., South Africa and Australia that is now becoming a popular paradigm in the U.S.

The International Auditing and Assurance Standards Board has released a strategy and work plan for improving audit quality in the new few years.

The Financial Accounting Standards Board has released guidance to improve the way private companies account for intangible assets in a business combination.

In early 2014, the Public Company Accounting Oversight Board in the U.S. announced that it was officially abandoning its pursuit of mandatory audit rotation—the somewhat controversial practice that requires publicly traded companies to change their auditor after a designated number of years.