Audit & Accounting

The Institute of Internal Auditors has sent a letter to the Securities and Exchange Commission calling on the SEC to require internal audit functions for all publicly traded companies.

The Securities and Exchange Commission will be poring over the comments it received on its recent proposal to toughen audit committee disclosures after the comment deadline expired Tuesday.

BDO USA has agreed to pay $2.1 million to settle charges from the Securities and Exchange Commission that the firm dismissed a number of red flags and issued false and misleading unqualified audit opinions about the financial statements of a staffing services company, General Employment Enterprises.

The Securities and Exchange Commission has charged Bankrate and three of its former executives with accounting fraud.

Much of an accountant’s work is done at the client’s premises. However, whenever we are there, it is an intrusion on their routine. We need to remember we are guests and should remain “out of sight.” Well, let me tell you what happened early on in my career.

Certify, a company that specializes in expense management software, wants to draw attention to the problem of expense report fraud.

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

The 2015 Top 100 Most Influential People in Accounting

The Public Company Accounting Oversight Board has published a staff inspection brief detailing the objectives, focus, and scope of its ongoing inspections in 2015 of auditors of brokers and dealers.

A California CPA has admitted to abusing his positions at a worship center in New Jersey and a nonprofit in California to steal more than $4 million.