Audit & Accounting

Most people think of accounting as a solitary profession, but those in practice know just how off-center this perception really is.

As we acknowledge the 10th anniversary of the Sarbanes-Oxley Act, we are once again in a period of re-examination of the role, relevance and reliability of financial audits in protecting investors and the public interest. This seems to be, in part, a reaction to the financial crisis of the past few years.

Highlights of the previous month in audit and attest

First round of Dodd-Frank-mandated inspections suggests deficiences may be widespread

Joe Adams, the head of Top 5 firm McGladrey, on the major challenges facing accounting firms, and how his firm is dealing with them.

Recent hires, promotions and more from accounting firms across the country

Recent news from accounting firms across the country

The Financial Accounting Standards Board has made available its proposed 2013 U.S. GAAP Financial Reporting Taxonomy in XBRL format for public review and comment.

Hong Kong’s Securities and Futures Commission has begun legal proceedings against Ernst & Young Hong Kong for failing to produce work papers and accounting records related to its audits of a former China-based client, Standard Water Limited.