Audit & Accounting

Litigation against accounting firms appears to have subsided for now, according to one legal expert, but is showing signs of reviving as the Securities and Exchange Commission turns its attention back to accounting and audit enforcement cases.

A new international survey ranks Zurich, Switzerland as the highest-paying city for accountants, with another Swiss city, Geneva, in second place.

North American employees and managers are missing out on more than $10.7 billion of unclaimed expenses every year, according to new estimates.

The Financial Accounting Standards Board has issued a proposed accounting standards update to improve the effectiveness of the disclosure requirements for fair value measurements.

PricewaterhouseCoopers has released a report on the firm’s efforts to improve audit quality.

The Year Ahead: 2016 Toolkit

Grant Thornton has agreed to pay $4.5 million to settle charges that the firm and two of its partners disregarded red flags and fraud risks during audits of two publicly traded companies that ultimately faced SEC enforcement actions for improper accounting and other violations.

Check out the digital edition of the December 2015 issue of Accounting Today.

The auditing process is mechanical in its function but requires a curious mind to prevent and detect misstatements that can hurt a business.

The Sustainability Accounting Standards Board released an implementation guide Tuesday to help public companies in the U.S. identify, understand and report on the sustainability topics most likely to be material to investors.