Audit & Accounting

Internal audit as a line of defense against inappropriate levels of risk is a time-honored concept in the U.K., South Africa and Australia that is now becoming a popular paradigm in the U.S.

The International Auditing and Assurance Standards Board has released a strategy and work plan for improving audit quality in the new few years.

The Financial Accounting Standards Board has released guidance to improve the way private companies account for intangible assets in a business combination.

In early 2014, the Public Company Accounting Oversight Board in the U.S. announced that it was officially abandoning its pursuit of mandatory audit rotation—the somewhat controversial practice that requires publicly traded companies to change their auditor after a designated number of years.

Did you know that I had a Radical CPE Event last week? It was totally successful but I will let the Twitter feed explain the day!

Partnerships, office moves and more …

The Financial Accounting Standards Board said Thursday the the 2015 GAAP Financial Reporting Taxonomy is now available, although it is pending final acceptance by the Securities and Exchange Commission.

The Public Company Accounting Oversight Board has announced a settled disciplinary order against a partner of Grant Thornton Taiyo ASG LLC, Grant Thornton’s member firm in Japan, for his failure to properly address numerous risks of material misstatement of which he was aware in a 2010 audit of Baldwin-Japan Limited.

Certified Financial Planner Board of Standards, Inc. (CFB Board) announced on Wednesday the formation of the Women's Initiative (WIN) Council - a group of experts supporting and advising CFP Board in its efforts to increase the overall number of women entering the financial planning profession, including women CFP® professionals.

The Sustainability Accounting Standards Board has released a set of provisional sustainability accounting standards for 10 industries within the services sector.