Audit & Accounting

The Institute of Internal Auditors has sent a comment letter to the Public Company Accounting Oversight Board taking issue with the PCAOB’s proposal to require mandatory rotation of audit firms for listed companies, echoing concerns from the American Institute of CPAs and the New York State Society of CPAs.

The Committee of Sponsoring Organizations of the Treadway Commission has released for public comment an updated version of its internal control framework in response to changes in the business environment and their associated risks.

Jeffrey Thomson, president and CEO of the Institute of Management Accountants, worked for over two decades in the telecommunications industry and knows a thing or two about competition.

The Financial Accounting Standards Board and the International Accounting Standards Board issued common disclosure requirements Friday to help investors better understand the impact of offsetting, or netting, on a company’s financial position.

Lack of clarity about the requirements for the Small Business Lending Fund that was established last year by the Small Business Jobs Act led to confusion among both lenders and borrowers alike, according to a new government report.

PricewaterhouseCoopers and the Institute of Internal Auditors Research Foundation have released a book to help corporate directors address their fiduciary and other responsibilities.

The Securities and Exchange Commission has released its latest review of Interactive Data Financial Statement submissions and found that filers are making progress.

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

Business assurance technology provider ACL Services Ltd. is expanding into the electronic work papers market with the acquisition of Workpapers.com.

Olympus has until December 14 to fix its financial statements in the wake of a high-profile accounting scandal if the camera maker wants to retain its listing on the Tokyo Stock Exchange.