Audit & Accounting

Tim Gearty of Becker Professional Education discusses how the CPA Exam is testing for recent accounting standards updates, in an interview with Accounting Today editor-in-chief Dan Hood.

New tools can make spreadsheets manageable

Auditing firms (especially the Big Four) have been increasingly seeking "boomerang" auditors - individuals who, after working as auditors, take a position as a manager or CFO at a company, and then return to auditing. Driving this "boomerang" hiring trend is the belief that being able to take the perspective of a manager makes for a better auditor - one who is better able to tell when a manager is overstating or exaggerating earnings. A new study - the first to measure auditor accuracy in assessing earnings bias - confirms that belief.

The Public Company Accounting Oversight Board announced that the next meeting of its Investor Advisory Group.

The Public Company Accounting Oversight Board has entered into an arrangement with the Hellenic Accounting and Auditing Standards Oversight Board relating to the oversight of audit firms.

Almost nine in ten audits of broker/dealers examined in 2014 had deficiencies, according to a new Public Company Accounting Oversight Board report, and almost a quarter had independence issues.

The Financial Accounting Foundation has named Candace Wright as the next chair of the Private Company Council.

Last December, based on a recommendation from the Private Company Council, the Financial Accounting Standards Board issued a notable accounting standards update for intangible assets in business combinations.

The American Institute of CPAs' Auditing Standards Board has issued a new exposure draft proposing amendments to the auditing standard on auditor’s reports.

The Governmental Accounting Standards Board has issued final guidance that requires state and local governments for the first time to disclose information about tax abatement agreements.