Audit & Accounting

The Institute of Internal Auditors has donated a collection of nearly 200 books on auditing to the University of Texas Dallas School of Management.

The real value of bank holdings has been generating controversy in the accounting profession as banks find themselves under increasing pressure to be more upfront about the true value of their assets, assuming they can be accurately valued, even with ballpark estimates.

The Center for Audit Quality marked its first anniversary with a report on its progress in improving public confidence in the audit process.

The Securities and Exchange Commission has filed financial fraud charges against Bally Total Fitness Holding Corp., saying the health club chain's financial statements from at least 1997 to 2003 contained more than two dozen accounting improprieties.

Accounting firms are using Google text ads this tax season and beyond to bring in clients for tax prep and other types of accounting and financial planning services.

Liquidity, access to capital and cash management are among the recession-related risks raising concerns on audit committees this year, according to a survey by KPMG.

Somerset CPAs said it plans to launch a consulting program to help CEOs cope with the economic downturn.

RedRover Software debuted RedRover Audit, a tool that uses human behavior research to audit Microsoft Excel spreadsheets.

A House subcommittee plans to conduct a hearing into the tax treatment of derivatives next week.

The number of financial restatements fell last year for the first time since 2001, according to a new report.