Audit & Accounting

Billy M. Atkinson, the chairman of the Private Company Council that helps set accounting standards for privately held companies, said Wednesday that he will not seek a second term as head of the group after his current term expires at the end of this year.

The Institute of Management Accountants has signed a new strategic partnership and opened eight new chapters in India.

The managing partner of the CPA firm PKF Pacific Hawaii has been charged with 13 felony counts relating to losses of more than $500,000 from his firm.

The Public Company Accounting Oversight Board has sanctioned five current and former partners and employees of the auditing firms L.L. Bradford & Company, LLC in Las Vegas and Samyn & Martin in Kansas City, Mo., for violating PCAOB requirements for auditor independence, audit partner rotation, and audit planning and performance.

The controversial car ride app Uber is appearing on an increasing number of employee expense reports so far this year, according to a new analysis.

The housing mortgage giants Fannie Mae and Freddie Mac could need another bailout in the next few years because they are being left undercapitalized by the Treasury Department, according to the former chairman of the Federal Deposit Insurance Corporation.

The Association of Chartered Certified Accountants has introduced ACCA-X, a set of online learning courses for accountants and financial professionals.

Check out the digital edition of the April 2015 issue of Accounting Today.

Toshiba Corp. fell the most in more than a year after the company said it would appoint a committee to investigate possible problems with its accounting.

The Financial Accounting Standards Board is planning to propose two new projects as part of its initiative to simplify accounting standards, along with two new projects for FASB’s Emerging Issues Task Force.