Audit & Accounting

Check out the digital edition of the January 2011 issue of Accounting Today.

The Tax & Accounting business of Thomson Reuters has released PPC’s SMART Practice Aids – Field Work, a new module in PPC’s SMART Audit Suite that will allow audit professionals to plan and execute the entire PPC audit process within the SMART Suite.

The International Auditing and Assurance Standards Board released a new proposed strategy and work program for 2012-2014 on Monday.

Welcome back.

2011 KICKOFF

The Governmental Accounting Standards Board issued a new accounting statement Thursday aimed at incorporating accounting guidance issued by outside standard-setters that is applicable to state and local governments.

The Small Business Administration has redesigned its website and is providing a new tool to personalize the site’s resources for particular types of businesses.

The past year witnessed plenty of head-spinning developments in the worlds of accounting and taxes, and AccountingToday.com (along with its predecessor site WebCPA) was there to chart the latest developments.

The Securities and Exchange Commission has proposed a permanent rule requiring municipal advisors to register with the agency.

The Public Company Accounting Oversight Board has published an alert warning auditors of the risks involved when auditing loss contingencies from litigation arising from mortgages and other loans, especially in cases where mortgage servicers have been accused of “robosigning” foreclosure notices.