Audit & Accounting

The International Accounting Standards Board has proposed making some clarifications to the revenue recognition standard that it released last year with the U.S. Financial Accounting Standards Board.

The International Public Sector Accounting Standards Board has released for comment a consultation paper on Recognition and Measurement of Social Benefits.

Changes in fair value measurement are having a big impact

The International Federation of Accountants has released a new briefing paper on how accountants can help their organizations address sustainability issues and incorporate them into business decisions.

The Department of Justice’s Office of Inspector General issued a report criticizing PricewaterhouseCoopers’ audit of Big Brothers Big Sisters of America and has referred to the matter to the American Institute of CPAs’ Professional Ethics Division.

More than a dozen years ago, the U.S. experienced a rash of high-profile accounting scandals. Now it’s Japan’s turn.

Since the advent of Financial Accounting Standard 133 in 1998, financial statement preparers have been dealing with the onerous and complex requirements of hedge accounting, arguably one of the most complex statements that the board has promulgated.

The Anti-Fraud Collaboration, a joint effort of the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors, has released the third in a series of case studies examining how to identify and stop accounting fraud in an organization.

The Chartered Professional Accountants of Canada organization has published a new study on the evolving corporate reporting landscape, focusing particularly on sustainability issues.

The American Institute of CPAs has revised two publications used by auditors of governmental and not-for-profit entities that spend federal awards and those who audit state and local government financial statements.