Audit & Accounting

IMGCAP(1)]As I have performed over 700 SAS 70 audits, I should find that each SAS 70 audit is similar to the previous one I just performed. The good or bad news, depending upon how you look at it, is that they are not, and 2010 looks to be an even more challenging year to stay on top of the changes.

The American Institute of CPAs has issued a new standard on compilation and review engagements that represents one of the biggest changes to its Statements on Standards for Accounting and Review Services since 1978.

Financial analysts who cover the insurance sector are generally dissatisfied with the current financial reporting framework for the insurance industry.

It's a new year. We've got a new logo. We've got a new tagline.

SEC CHARGES FIRM THAT FAKED KPMG AUDIT

Washington, D.C. - In a case that carries the potential to reshape the regulatory landscape of the accounting profession, the U.S. Supreme Court last month heard oral arguments in a lawsuit challenging the constitutionality of the Public Company Accounting Oversight Board - with several justices appearing to take the plaintiffs' side in the case.

KPMG’s Audit Committee Institute has provided a list of the top 10 “to-do’s” for audit committee members this year.

Call it what you like, but the first decade of the millennium has passed with many a whimper.

The Governmental Accounting Standards Board has issued final standards on postemployment benefits and municipal bankruptcy.

Public companies in Argentina will be required to adopt International Financial Reporting Standards starting in 2012.