Audit & Accounting

The American Accounting Association reassured its members last week about its legal standing after a professor raised questions about several errors in the series of entities set up by the group of accounting educators and researchers.

Many CPAs in the U.S. already have some knowledge of International Financial Reporting Standards and have begun to develop greater expertise as U.S. and global authorities work to converge U.S. GAAP with IFRS, according to a new survey by the American Institute of CPAs.

The National Society of Accountants and its affiliates have selected Thomson Reuters Checkpoint Learning brand as the exclusive affinity provider for webinars that award continuing professional education credit.

The International Accounting Education Standards Board has proposed a revision of the entry requirement standards for a professional accounting education.

A new salary survey by the Institute of Management Accountants has found that Certified Management Accountants and CPAs earn substantially more than those without certification.

Global business consulting and internal audit firm Protiviti Inc. has added a Time & Expense Management module to the Protiviti Governance Portal for Internal Audit, which lets organizations access a comprehensive internal auditing workflow anywhere, anytime.

The Public Company Accounting Oversight Board has issued a concept release that aims to overhaul the auditor’s reporting model, describing different alternatives to provide more information to investors from the auditors of publicly traded companies.

A federal appeals court ruled in favor of PricewaterhouseCoopers during a lawsuit involving overtime pay for junior accountants.

Total goodwill impairment charges continued to fall sharply across a number of industries nationwide throughout 2010, and the number of companies recording goodwill impairment charges dropped by 41 percent, according to a new study by KPMG.

The Financial Accounting Standards Board and the International Accounting Standards Board issued amendments Thursday to improve and align the presentation of items of other comprehensive income in financial statements prepared in accordance with International Financial Reporting Standards and U.S. GAAP.