Audit & Accounting

The Financial Accounting Standards Board and the International Accounting Standards Board are soliciting input on when to have their new accounting standards take effect.

Renewing its vision is the new theme for the American Institute of CPAs as it gets ready to welcome in a new chair and enter its 125th year as an organization.

IMGCAP(1)]Check out the digital edition of the October 25 issue of Accounting Today.

The Small and Medium Practices Committee of the International Federation of Accountants has issued the second edition of its “Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities.”

Few CPAs are trying to learn or implement International Financial Reporting Standards until the Securities and Exchange Commission decides next year on whether to approve incorporating IFRS into the U.S. financial reporting system, according to a new survey.

The CPA Exam will be offered outside the U.S. for the first time in 2011, as an agreement was reached by the American Institute of CPAs, National Association of State Boards of Accountancy and Prometric, the three organizations that jointly offer the CPA Exam in the United States.

Sunday afternoon proved to be anything but sleepy as the American Institute of CPAs Fall Meeting of Council kicked off the first day with a lively discussion among members of the Blue Ribbon Panel on Standard Setting for Private Companies.

The American Institute of CPAs has told the Securities and Exchange Commission that accountants need an adequate transition period if the SEC decides next year to incorporate International Financial Reporting Standards into the U.S. financial reporting system.

The International Auditing and Assurance Standards Board has released new proposals for how to audit complex financial instruments such as derivatives whose trading contributed to the financial crisis.

IMGCAP(1)]As we prepare for the replacement of SAS 70 by SSAE 16, articles and vendor whitepapers are flooding the landscape.