Audit & Accounting

Harriet Tubman, the leader of the Underground Railroad that brought slaves to freedom before the Emancipation Proclamation, will be the new face on the $20 bill, the Treasury Department announced Wednesday.

The Securities and Exchange Commission announced penalties in two financial fraud cases Tuesday against companies and their former executives accused of various accounting failures that left investors without accurate depictions of company finances.

The Public Company Accounting Oversight Board released two preliminary reports Tuesday offering previews of its 2015 inspections of firms that audit publicly traded companies and broker-dealers.

The number of accounting-related securities class-action filings increased for the third year in a row in 2015, according to a new report.

The American Institute of CPAs has begun offering intermediate and advanced certificates to CPAs who perform “single audits” of governmental entities and grantees and audits of employee benefit plans.

Approximately two-thirds of companies that make up the Dow Jones Industrial Average reported non-GAAP earnings per share, according to a study last year, and the Securities and Exchange Commission is beginning to wonder if the trend has gone too far.

Drew Bernstein of Marcum Bernstein & Pinchuk explains the challenges of auditing in emerging markets like China.

The London-based International Valuation Standards Council is asking for input on some of its new standards for performing valuations on financial instruments, real estate and intangibles.

The Public Company Accounting Oversight Board has voted to propose amending the auditing standards on an audit firm’s use of other audit firms and to propose a new auditing standard.

The Institute of Internal Auditors has introduced an Environmental, Health & Safety Audit Center to highlight the growing role of EHS auditors in corporate governance.