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The Securities and Exchange Commission's Advisory Committee on Improvements to Financial Reporting has released a progress report on its work to date.
February 15 -
The Canadian Accounting Standards Board has confirmed that use of International Financial Reporting Standards will be required in 2011 for publicly held profit-oriented companies.
February 15 -
Senator Jack Reed, D-R.I., has written letters to the heads of the Financial Accounting Standards Board and the International Accounting Standards Board asking how to improve the transparency of the types of assets linked to subprime mortgages.
February 15 -
XBRL US named Alfred R. Berkeley as the new chairman who will lead the board in 2008.
February 14 -
KPMG is holding a five-week competition among auditing students from more than 27 colleges and universities around the country.
February 13 -
A former PricewaterhouseCoopers auditor has settled charges with the Securities and Exchange Commission over his audits of video game developer Take-Two Interactive Software.
February 13 -
Catapult Communications Corporation recently announced that it is changing accounting firms. What was intriguing about the press release was the detailed reason given for changing from a Big Four to a regional firm. It made the change “to significantly reduce its accounting expenses.”
February 12 -
An appeals court has overruled $300,000 in penalties levied against accounting firm Grant Thornton in a case involving the firm's audit of the First National Bank of Keystone.
February 12 -
A study of internal auditors around the world has uncovered similarities and sharp differences within the profession.
February 12 -
The Foundation for Financial Planning has awarded nine new grants totaling $565,272. The grants went to:
February 11