Audit & Accounting

The Public Company Accounting Oversight Board released the third in a series of staff questions and answers to help auditors and issuers in the implementation of PCAOB Auditing Standard No. 2, regarding audits of public companies' internal control over financial reporting.

Companies may be spending millions to comply with it, but more than two years after its passage, the majority of workers and investors don't know what Sarbanes-Oxley is, according to a poll by staffing firm Hudson.

PricewaterhouseCoopers said that its fiscal 2004 aggregate net revenues climbed nearly $2 billion to $16.3 billion, an increase of 6 percent in local currencies and just over 13 percent in U.S. dollars.

A controversial tax return inspection provision contained in a Bush administration budget bill for fiscal 2005 will be removed before the legislation is sent to the White House for the president's signature.

A controversial tax return inspection provision contained in a Bush administration budget bill for fiscal 2005 will be removed before the legislation is sent to the White House for the president's signature.

A controversial tax return inspection provision contained in a Bush administration budget bill for fiscal 2005 will be removed before the legislation is sent to the White House for the president's signature.

The Financial Accounting Standards Board and its overseas counterpart, the International Accounting Standards Board, have formed a new joint international working group on performance reporting.

The Public Company Accounting Oversight Board is angling to improve quality control over corporate audits by encouraging accountants to blow the whistle on financial reporting violations by their audit clients and by their own firms.

Internal Revenue Service enforcement activities brought in a record $43.1 billion in fiscal 2004, up 15 percent, or $5.5 billion, over 2003, the agency reported.

French technology consulting and outsourcing giant Cap Gemini refuted a report that it is mulling the sale of its North American business.