Audit & Accounting

Last Wednesday, EY held their Diverse Abilities Leadership Summit at their Times Square office. The event was held to promote awareness and acceptance of people with differing abilities, and to "create opportunities for people of all abilities and the businesses which employ them," according to the event's program.

Securities and Exchange Commission officials told CPAs Monday that they are considering allowing U.S. companies to provide some information, such as revenue, in International Financial Reporting Standards as a supplement to their U.S. GAAP financials on a voluntary basis.

Nearly four out of five CPAs in public accounting believe they will play a key role in preparing their clients for complex challenges in the decade ahead but realize they must understand and embrace emerging innovations, according to a new study commissioned by CPA.com, the technology and business arm of the American Institute of CPAs

Check out the digital edition of the December 2014 issue of Accounting Today.

The Securities and Exchange Commission sanctioned eight audit firms for violating auditor independence rules and the Public Company Accounting Oversight Board announced settled disciplinary orders Monday against seven other audit firms for violating independence rules in audits of broker-dealers.

The Public Company Accounting Oversight Board is finding that the push toward mandatory audit firm retendering and rotation is leading to lower audit fees in Europe, sparking audit quality concerns.

The International Ethics Standards Board for Accountants has introduced a Web-based version of its Code of Ethics for Professional Accountants for the first time.

CPE opportunities, Andersen Tax new office and more…

The Financial Accounting Foundation and the two standard-setting boards it oversees, the Financial Accounting Standards Board and the Governmental Accounting Standards Board, have created a draft strategic plan of their vision, mission and top priorities, and are asking for comments.

The Information Systems Audit and Control Association has released the third edition of its IT Control Objectives for Sarbanes-Oxley to help information technology professionals focus on performing an IT assessment for financial reporting controls in line with the Sarbanes-Oxley Act of 2002.