Audit & Accounting

Bank of America's audit committee has hired PricewaterhouseCoopers to replace KPMG as the auditor for its recently acquired Countrywide Financial unit.

The confidence of accounting and finance workers has plunged to a new low, according to a new survey.

The Public Company Accounting Oversight Board has voted to propose seven new auditing standards related to risk assessment.

Two-thirds of certified financial planners have seen an increase in potential clients as economic turbulence has increased in the past several weeks, according to a new survey.

The dispute between the American Bankers Association and the Financial Accounting Standards Board heated up as ABA president Edward Yingling called for a new accounting oversight board that would hold sway over FASB.

More than half of internal auditors say they are not familiar with new technology that provides interactive data tags for financial statements, according to a new survey.

Former Federal Reserve Chairman Alan Greenspan tried to explain his version of the reasons for the global economic crisis to a congressional panel, while expressing shock and disbelief that the problems had spread so far.

The Treasury Department has selected two of the Big Four accounting firms, PricewaterhouseCoopers and Ernst & Young, to help administer the Emergency Economic Stabilization Act's Troubled Asset Relief Program.

Proxy research and advisory concern Glass Lewis & Co. said it would expand its partnership with IW Financial, a provider of environmental, social, and governance research, to include a broader range of research offerings, including global security risk/terrorism and custom research.

Federal Reserve Chairman Ben Bernanke has given new life to calls for an economic stimulus package, but exactly what it will be is anybody's guess.