Audit & Accounting

Succession planning, recruiting, M&A and developing top talent and pricing pressures were among several front-burner issues that came to the forefront during a roundtable discussion by members of the Advisory Board.

Credit rating agency Fitch Ratings said in a new report that it expects the U.S. will still move forward with plans to incorporate International Financial Reporting Standards into U.S. GAAP, but in a “prolonged, cautious and incremental way.”

What if someone told you that your firm could replace much of the work performed by its audit staff with an affordable, automated system?

HA&W Names Next MP

The Financial Accounting Standards Board has made available the 2012 U.S. GAAP Financial Reporting Taxonomy, which can be used to submit XBRL-format financial filings to the Securities and Exchange Commission.

Canada’s three legacy accounting bodies—the Canadian Institute of Chartered Accountants, the Certified Management Accountants of Canada, and the Certified General Accountants of Canada—presented a proposed framework to their members Tuesday for uniting Canada’s accounting profession.

More than three-quarters of investment bankers surveyed by BDO USA indicated that Chinese accounting scandals have led them to increase their due diligence when vetting China-based offerings.

Financial Accounting Standards Board chair Leslie Seidman has been reviewing the suggestions that have been coming in about the proposed Private Company Standards Improvement Council while awaiting a decision on how much authority her board will have over the new council.

Firm News - January 13

A former audit partner at BDO USA LLP has pleaded guilty to lying to investigators from the Securities and Exchange Commission during his testimony.