Audit & Accounting

A Texas lawmaker who also operates a CPA practice has introduced a pair of bills in the Texas legislature that would exempt CPAs who prepare financial statements for small businesses from the state’s mandatory peer review program, and ensure at least two sole practitioners are represented on the Texas State Board of Accountancy.

The International Accounting Standards Board has published revised proposals for loan loss provisioning as part of the financial instruments project that it has been working to converge with the U.S. Financial Accounting Standards Board, but the two proposals still take different approaches.

The top concerns of global accounting leaders, according to a new survey, included the needs of small- and medium-sized practices and small- and medium-sized entities and the reputation and credibility of the profession.

The Financial Accounting Standards Board may be changing its rules on business segment reporting or issuing additional guidance in response to questions raised during a post-implementation review of a 16-year-old standard.

FinancialForce.com CEO Jeremy Roche answers questions about how the current environment is affecting his company and accounting technology overall, as well as where – if at all -- accounting professionals factor in

The Securities and Exchange Commission has reappointed Public Company Accounting Oversight Board members Steven B. Harris and Jay D. Hanson for five-year terms.

The American Institute of CPAs and the National Association of State Boards of Accountancy have extended their multi-year agreement with Prometric for delivering the computer-based Uniform CPA Examination across its network through 2019.

The Monitoring Board of international regulators overseeing the IFRS Foundation has chosen Japanese regulator Masamichi Kono as its chairman, while also choosing a new way to assess the membership criteria.

We're on a brief hiatus from writing new columns, and while we're away, we'll be reprinting a few columns, starting with this one that dates back to October 2000 but still makes relevant points for today about accounting educators and their frustration with preparing students to enter a profession that hasn't kept up with the times.

Muddy Waters LLC, whose analyst reports triggered $7 billion in losses for Chinese stocks, used an unlikely secret weapon for its research: the public website of the U.S. Securities and Exchange Commission.