Audit & Accounting

The U.S. Chamber of Commerce had offered up a number of recommendations for changes to the country’s legal and regulatory framework -- taking aim at Securities and Exchange Commission and the Sarbanes-Oxley Act in the process.

The Institute of Internal Auditors has hired Luc Lavoie to serve as executive director of its newly established Canadian office.

There is no question that most people appear quite serious about preparing an estate plan that can get passed along to future generations. The intention is all there but too many people still seem to find ways to mess it up entirely.

After two years of compliance with the internal control provisions of the Sarbanes-Oxley Act, proxy researcher Glass Lewis & Co. says that public companies are reporting fewer material weaknesses in their internal controls.

The Private Company Financial Reporting Committee announced its inaugural members on Tuesday.

The heads of the major accounting regulators in the United States and the European Union agree that they are on the same page in heading towards convergence of standards.

J.H. Cohn LLP has announced firm revenues of $175.2 million for its 2007 fiscal year, up 22 percent from the same period a year ago.

In a new report, proxy researcher Glass Lewis & Co. said that U.S.-listed companies filed 1,538 financial restatements in 2006, up 13 percent from what had been a record number in 2005.

I believe there are two keys to success, whether a sole practitioner or a regional firm. They are simple when you say them, but that simplicity can be deceiving. The two are providing quality service, and establishing a reputation for doing so and continuing to do so.

A $170-million malpractice suit against BDO Seidman has been sent back to square one, after a Miami judge declared a mistrial.