Audit & Accounting

Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders.

Two years after revelations emerged of Bernard Madoff’s multibillion-dollar Ponzi scheme and only days after the suicide of Madoff’s eldest son, the Public Company Accounting Oversight Board proposed a set of rules on Tuesday to begin expanding the PCAOB’s oversight authority to encompass audits of securities brokers and dealers.

AUDIT FIRMS OFFER ADVICE ON NEW CLIENTS

As we prepare for the replacement of SAS 70 by SSAE 16, articles and vendor whitepapers are flooding the landscape.

Washington, DC - The Securities and Exchange Commission has published its inaugural progress report on the work plan related to the move to global accounting standards.

The Financial Accounting Foundation, the organization that oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board, has launched a new Web site to expand awareness of its mission, operations and activities.

The International Accounting Standards Board has proposed new standards that aim to simplify the accounting for hedging activities.

Harold Katz, one of the founders of the organization CPAs Reforming Our Profession, or CROP, has died at the age of 77.

The board of trustees of the Financial Accounting Foundation has appointed nine new members to the Financial Accounting Standards Advisory Council, effective Jan. 1, 2011.