Audit & Accounting

A review of the Governmental Accounting Standards Board’s 2006 standard for pollution remediation reporting found it generally achieved its goal of improving the disclosures of state and local governments’ obligations to control pollution.

Top 20 Firm Marcum LLP led the second-quarter rankings among large firms for new Securities and Exchange Commission audit clients.

Documenting audit and review procedures often feels more like administrative than value-adding work.

Wolters Kluwer Tax and Accounting has introduced a new user interface for CCH Accounting Research Manager, its research system for financial reporting professionals.

The Financial Accounting Standards Board released its long-awaited accounting standards update for not-for-profit financial reporting, albeit with scaled back ambitions to keep the standards for nonprofit organizations aligned with standards for businesses.

The Public Company Accounting Oversight Board identified deficiencies at 96 percent of the firms that audit broker-dealers, according to a new report Thursday.

T. Rowe Price Group Inc. sued Valeant Pharmaceuticals International Inc. alleging top executives used a secret network of pharmacies, deceptive pricing, reimbursement practices and accounting tricks to hide its branded drugs from generic competition and artificially inflate revenue and profit.

The American Institute of CPAs is proposing to change the current peer review report so it clearly indicates if a Single Audit was chosen.

Hain Celestial Group Inc., a supplier of organic and natural products to Whole Foods Market Inc. and other grocers, plunged the most in more than 15 years after delaying financial results on accounting concerns and abandoning its full-year targets.

Crowe Horwath has introduced the Crowe Insight Center for Audit to advance the firm’s auditing services.