Audit & Accounting

The Public Company Accounting Oversight Board has voted to adopt a new auditing standard on engagement quality review and to issue a concept release on requiring the engagement partner to sign the audit report.

The Financial Crisis Advisory Group has published a report concluding that accounting standards are not to blame for the economic crisis.

IMGCAP(1)] As a new or young accountant there are a number of responsibilities and challenges on your plate.

Daniel L. Goelzer was named acting chairman of the Public Company Accounting Oversight Board and will take office August 1.

New York State CPAs are facing a Sunday deadline to register with the State Education Department under a recently passed law.

Slightly more than half of small and midsized businesses prefer to have a separate set of accounting standards for private companies, according to a new survey by Deloitte.

The Public Company Accounting Oversight Board has scheduled an open meeting next week to discuss making changes in engagement quality auditing and sign-off requirements.

Ernst & Young will have to pay $10.2 million in damages after a Florida jury determined that the firm was negligent in its audits of the now-defunct Sovereign Bank.

The International Accounting Standards Board has issued amendments to its rules for companies adopting International Financial Reporting Standards for the first time to allow some exemptions.

CCH has created new software to make the audit process more efficient.