Audit & Accounting

As the profession prepares for the transition to adoptingInternational Financial Reporting Standards, the Center for Audit Quality hasfired off a letter to the Securities and Exchange Commission offering a seriesof recommendations to improve the regulator's proposed IFRS roadmap.

At least one critic of the proposed changes inmark-to-market and fair value accounting rules is changing his tune and seeingsome positive signs in the final version.

The Texas Society of CPAs warned the Financial AccountingStandards Board that FASB's recently approved changes in fair value accountingstandards could damage the credibility of CPAs in general.

Deloitte will be able to proceed with a lawsuit against a former vice chairman the firm accuses of insider trading, a judge ruled.

The Financial Accounting Standards Board has publishedthe "final" versions of its three controversial FASB Staff Positionsto improve guidance and disclosures on fair value measurements.

The economic crisis is forcing many states and cities to increase their sales tax rates to the highest average level ever, according to a new report.

Seventy-five percent of finance professionals support the movement toward a single set of high-quality global accounting standards, according to a new survey by Deloitte.

The Public Company Accounting Oversight Board has released a list of countries abroad where it intends to conduct inspections of auditing firms.

Two auditors from PricewaterhouseCoopers’ Indian member firm have been charged in the Satyam accounting scandal.

Canada’s Accounting Standards Board said that it has not yet made a decision on whether to change its fair value standards to match up with U.S. standards.