Audit & Accounting

AICPA senior VP Lawson Carmichael discusses the mission and results of the institute's recent Task Force on the Future of Learning.

A post-implementation review conducted by the Financial Accounting Foundation of a 2004 accounting standard on share-based payment transaction said that it achieved its purpose and provides useful information to financial statement users.

The American Institute of CPAs announced that it recently enrolled its 400,000th member.

The Financial Accounting Standards Board has added five more projects to its agenda for simplifying accounting standards, including short-term projects related to debt and tax accounting.

The Public Company Accounting Oversight Board has released a new report showing that auditors of brokers and dealers who were inspected last year continued to have a high number of problems with independence and audit deficiencies.

The International Accounting Education Standards Board has issued a new plan to support the adoption and implementation of the recently revised International Education Standards for accountants.

The International Ethics Standards Board for Accountants has proposed to strengthen the auditor independence standards in the ethics code to address long associations with audit and assurance clients.

PricewaterhouseCoopers LLP was fined $25 million after sanitizing a report to regulators on sanctions and money-laundering controls for Bank of Tokyo-Mitsubishi UFJ Ltd., New York’s top bank regulator said today.

Deloite LLP has named Frank S. Friedman as the firm's new CEO, succeeding Joe Echevarria, who is retiring to focus on public service.

Governments that default on their sovereign debt could be falling victim to the absence of accrual accounting in most public sector entities, and the International Federation of Accountants wants to change that.