Audit & Accounting

The Center for Audit Quality has published a member alert to help auditing firms address risks on audits on upcoming audits, highlighting some that officials with the Securities and Exchange Commission and the Public Company Accounting Oversight Board also pointed to during a conference Thursday.

On Thursday, Thomson Reuters released a special report, Retrospective on Key Tax Developments in 2014, providing a thorough briefing of key developments in 2014, including the tax extender provisions as well as many of the rates, dollar caps, and other key figures that changed over the course of the year.

The American Institute of CPAs’ Employee Benefit Plan Audit Quality Center has released an advisory document on the importance of hiring a quality auditor to perform employee benefit plan financial statement audits, along information to help select a quality auditor.

Online audit confirmation provider Confirmation.com said Tuesday it has acquired LegalConfirm, a Maryland-based provider of electronic legal confirmations.

The International Accounting Standards Board has launched a new program in tandem with some of the largest financial firms in a bid to elicit closer ties with investors and investment firms.

Prompter disclosure of corporate audit fees would help investors, according to a new study that found sudden increases in audit fees may be a sign of trouble at companies.

The Center for Audit Quality and Audit Analytics teamed up on an analysis of 2014 audit committee disclosures in proxy statements to assess the effectiveness of the disclosures by public companies of their relationships with auditors and found that many public companies are suffering from disclosure overload.

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The Center for Audit Quality has issued a request for proposals to fund independent academic research on auditing-related topics.

Deloitte LLP said it’s cooperating with Saudi Arabian regulators on a dispute that threatens to ban the firm from auditing listed companies in the kingdom.