Audit & Accounting

Turmoil in the financial markets has negated the value of fair value accounting, according to more than half the respondents to a new survey.

IMGCAP(1)] Malik, a first-year African-American associate assignedto a major accounting firm’s California office, frets that he has blownhis one chance to make a good first impression:

The International Federation of Accountants and the International Ethics Standards Board for Accountants have issued a revised Code of Ethics for Professional Accountants that strengthens the independence requirements of auditors.

The Financial Accounting Standards Board has added a new project to its agenda aimed at making financial disclosures more organized and less redundant.

The International Accounting Standards Board has published a stripped-down set of International Financial Reporting Standards aimed at small and midsized privately held businesses.

Ever since we launched a redesigned Web site in late April, we’ve been eager to add new features and we can finally roll out the first major one.

IMGCAP(1)] During my first of two summers as an intern at Ernst & Young, I had the opportunity to go to a New York City high school with my fellow audit interns to teach students about financial planning processes. I had a flashback to my own high school experience at A. Philip Randolph High School in Harlem, New York City, where I had a wonderful mentor: Ms. Helise Owens of the Minds Matter program. She met with me every Saturday throughout high school to expose me to the possibility of higher education. She made a difference.

Sen. Charles Grassley, R-Iowa, has introduced a bill to lower the tax burden on small businesses.

Sageworks has released two new analytical procedure modules for auditing government entities, banks and other financial institutions.

Brown Smith Wallace said it has successfully completed all of its peer review examinations and received the best possible rating for its third consecutive review.