Audit & Accounting

Financial Accounting Standards Board chairman Russell Golden and technical director Susan Cosper discussed FASB’s upcoming leasing, classification, impairment and hedge accounting standards during a conference in New York, along with the board’s plans for future standards.

Ernst & Young LLP was found liable by a jury for its failure to vet financial audits backed by con man Bernie Madoff’s accountant in the first trial of an auditor over losses tied to the biggest Ponzi scheme in U.S. history.

The Financial Accounting Standards Board has issued a proposed accounting standards update to increase transparency about government assistance to businesses.

Don’t expect to find these rarely seen accounting movies on Netflix or TCM. They never won more than a cult following, much less an Academy Award, perhaps because of an unfortunate resemblance to previous Oscar winners.

The accounting profession is strongly linked to national economic growth and improved living standards and is estimated to contribute $575 billion annually to the global economy, according to a new report.

Thomson Reuters has released PPC’s Practice Aids for Audits Performed under International Standards, providing audit programs, checklists, confirmations, and auditor’s reports for performing complex audits in accordance with International Standards on Auditing.

The Financial Accounting Standards Board voted Wednesday to proceed to issuing a final standard on its long-delayed project for overhauling the accounting for leases and set the dates for when the new standard will take effect.

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

Finance leaders are under pressure to better manage margins and earnings performance, cash flow and cybersecurity, according to a new survey.

BDO Canada LLP has merged in Majewski Shaler & Co., a Vancouver-based accounting practice.