Audit & Accounting

IMGCAP(1)]Let’s look at two everyday situations. In one, a bank lends money to someone to buy a house or to start a new business. In the second, a company raises debt financing to finance a new investment.

SEC AIMS AT BALANCE SHEET 'WINDOW-DRESSING'

The Financial Accounting Standards Board is asking stakeholders for input on how to improve the accounting for insurance contracts in financial reports.

A new academic study has found evidence that Sarbanes-Oxley 404 audits of companies’ internal controls significantly reduce the likelihood of issuing materially misstated financial statements.

Asking the right questions when considering accepting new audit clients, or continuing a relationship with an existing client, is the key to establishing a quality relationship, according to a new paper issued by a group of audit firm networks.

With only weeks to go before next month’s game-changing midterm Congressional elections, the accounting profession is in position to make record-breaking contributions to the campaigns of key House and Senate candidates.

On the last day of the American Institute of CPAs Fall Meeting of Council, members elected a new chairman and adopted a resolution supporting the Blue Ribbon Panel on Standard Setting for Private Companies.

The Financial Accounting Standards Board and the International Accounting Standards Board are soliciting input on when to have their new accounting standards take effect.

Renewing its vision is the new theme for the American Institute of CPAs as it gets ready to welcome in a new chair and enter its 125th year as an organization.