Audit & Accounting

The Financial Accounting Standards Board issued guidance Thursday to make it easier for private companies to report on consolidation of variable interest entities.

The Public Company Accounting Oversight has announced the dates of its annual forums for auditing firms that work in the small business environment and on audits of smaller broker-dealers.

The Financial Accounting Standards Board and the International Accounting Standards Board remain at odds over crucial elements of their lease accounting standards after joint meetings this week, but said they are still committed to reducing the distinctions.

The American Institute of CPAs has begun offering a forensic accounting mentorship program. The Certified in Financial Forensics Mentor Program is designed for AICPA members who want to develop their skills and business practices in forensic accounting with the help of more experienced forensic professionals.

Financial losses from social media are among the top concerns of internal auditors, according to a new survey.

More than half of compliance officers anticipate their personal liability will increase this year, according to a new survey.

Last November, the Financial Accounting Standards Board endorsed simplifying the accounting standards that private companies use in measuring and reporting goodwill, and FASB is currently looking into the possibility of changing the standards for public companies too.

Accounting Today is looking for speakers for its upcoming annual Growth & Profitability Summit.

NCCPAP sets up a Shiva for Shelley Kronowitz …

The New York State Society of CPAs is asking the Financial Accounting Standards Board to expand a proposal that would standardize the treatment of foreclosed properties when they are backed by a loan from the U.S. Department of Housing and Urban Development beyond the residential developments that were the focus of the original draft proposal.