Audit & Accounting

The Public Company Accounting Oversight Board has issued a research note cautioning U.S. registered accounting firms that their audits of companies with operations outside of the U.S., particularly in China, may not be in accordance with PCAOB standards if the company accessed the U.S. capital markets through a reverse merger transaction.

A new survey of more than 300 chief audit executives by Grant Thornton found that 88 percent do not believe that the Sarbanes-Oxley Act should be repealed, though half said the shifting regulatory landscape poses the greatest threat to their company.

Check out our annual ranking of the Top 100 Firms of 2011.

Check out the digital edition of our March 2011 issue.

International Accounting Standards Board chairman Sir David Tweedie made the case Thursday for U.S. businesses and the Securities and Exchange Commission to support International Financial Reporting Standards this year.

Basic changes to the format of financial reports need to be made to keep them relevant and useful, according to a newly released report.

The Financial Accounting Foundation said Monday it would begin live video webcasting of all education sessions hosted by the Financial Accounting Standards Board.

The board of trustees of the Financial Accounting Foundation has formed a trustee working group to address the issue of accounting standard-setting for nonpublic entities.

Transitioning to International Standards on Auditing has become an important issue for many accountants, according to a new survey.

IMGCAP(1)]The recent financial crisis reminded us that financial reporting still needs improvement.