Accounting
Accounting News & Professional Insight
Accounting Today delivers news, rankings, thought leadership, and analysis for accounting professionals so they can navigate change in standards, firm strategy, technology adoption, talent, and the overall business environment.
Accounting professionals are facing rapid transformation, including shifting professional standards, demographic change, technology disruption, practice consolidation, and changing expectations for advisory services. Our coverage surfaces these strategic dynamics and provides insights and analysis for firms, leaders, and the accounting profession.
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The Financial Accounting Foundation said that it will give the Securities and Exchange Commission the opportunity to propose and review candidates for open positions at either the foundation, or the board the foundation oversees, the Financial Accounting Standards Board.
March 28 -
The Securities and Exchange Commission has charged two former in-house lawyers at Enron Corp. with securities fraud over a Brazilian scheme to move losses off the company’s balance sheet.
March 28 -
In a strategy designed to help modernize the business-reporting model, board members of the American Institute of CPAs’ recently restructured Center for Audit Quality will embark on a multi-city “listening tour."The aim of the tour is for members to engage investors, regulators, academics and business leaders and, subsequently, offer a series of recommendations.
March 26 -
The Securities and Exchange has censured Ernst & Young, ordering the Big Four firm to pay $1.6 million to settle charges of compromising its independence and contributing to faulty accounting by a client in 2001.As part of the settlement, E&Y neither admitted nor denied the agency’s allegations, made in connection with the firm’s audit work for Pittsburgh-based regional bank PNC Financial Services Group.
March 26 -
The Securities and Exchange Commission's Office of the Chief Accountant has selected four professional accounting fellows to serve two-year terms beginning this summer.
March 26 -
The Certified Financial Planner Board of Standards Inc. has released a second exposure draft of proposed changes to its, “Standards of Professional Conduct.”
March 25 -
Representatives from the Public Company Accounting Oversight Board meet with its Japanese, Korean and Chinese counterparts last week, as well as accepting an invitation to become a member of the newly-formed International Forum of Independent Audit Regulators.Chairman Mark Olson and board member Charles Niemeier participated in a meeting of the forum in Tokyo, where they discussed ways to foster cooperation between regulators responsible for the oversight of public company auditors. They also met privately with the PCAOB’s counterpart in Japan, the Certified Public Accountants and Auditing Oversight Board and the Japanese Financial Services Agency.
March 25