Audit & Accounting

Accounting standard-setters are tweaking the rules for the standards taking effect in the next few years, according to officials.

Young professionals from across the state took part in the annual meeting focused on sharing best practices.

The Securities and Exchange Commission has charged the auditing firm Anton & Chia and several of its officials with fraud, accusing the Newport Beach, Calif.-based firm of conducting flawed audits and reviews of financial statements while violating securities laws.

Officials with the Securities and Exchange Commission are keeping a close watch on how companies are adjusting to the new revenue recognition and leasing standards.

The Public Company Accounting Oversight Board has released staff guidance on the new audit reporting standard and is hosting webinars to help auditors with preparing the new reports.

The program now offers services, resources and technology tailored to large firms, as well as the features it offered before for small and midsized firms.

Mark Kronforst, chief accountant of the Securities and Exchange Commission’s Division of Corporation Finance, plans to leave the SEC early next month.

The technologies, talent issues, client developments and other trends that will shape the coming year, according to a panel of thought leaders.

RSM International has launched RSM Canada, with 37 partners and nearly 300 professionals in Toronto, with plans to extend its reach across the country.

Share prices continue to decline steeply after public companies file for an extension with the Securities and Exchange Commission on their financial statements, according to a new academic study.