Audit & Accounting

Effective internal controls reasonably prevent material misstatements in financial reporting and fraud, but poor internal controls have hurt businesses, investors and the public accounting profession.

Less than half of senior insurance executives from companies around the world believe the U.S. should abandon U.S. GAAP standards in favor of International Financial Reporting Standards, according to a new survey.

Recent network memberships, awards, new Web sites and more

Himanshu Palsule will lead Sage North America's product and strategy division.

The Public Company Accounting Oversight Board has entered into a cooperative agreement with the Spanish auditing firm regulator to allow joint inspections to begin this year for firms in Spain and the U.S.

The Financial Accounting Standards Board said it is taking a different approach than the International Accounting Standards Board in the impairment of financial instruments after a joint meeting Wednesday.

Eugene Ma and Kevin Starkey accepted into partnership at California firm

The assurance, tax, and consulting firm intends to fill 300 to 500 positions to its new corporate headquarters

The Securities and Exchange Commission’s final staff report on International Financial Reporting Standards seemed to bend over backwards to avoid making a recommendation to the SEC commissioners on how they should vote, but with all the many drawbacks listed in the report, it’s questionable how the SEC could ever vote at this point to support IFRS.

The revolving door between the Securities and Exchange Commission and the financial industry is not as big a problem as it is seems to outside observers, according to a new study.