Audit & Accounting

Financial restatements declined substantially in the decade after the passage of the Sarbanes-Oxley Act of 2002, according to a new academic study.

PricewaterhouseCoopers has released a new paper on how companies can get ready for the newly converged revenue recognition accounting standard.

The International Accounting Education Standards Board has begun a new project to improve the relevancy, clarity and consistency of its standards along with their applicability to members and associates of the International Federation of Accountants.

Accounting Today and Accountingfly have announced Advance 2014: The Accounting Career Summit, a week-long event featuring a series of high-profile webinars on recruitment, retention and the accounting job market, culminating in an online job fair.

An Indianapolis CPA firm has settled a lawsuit with Indiana’s Secretary of State for $1.8 million after it served as the accounting firm of a convicted Ponzi schemer.

The Institute of Internal Auditors wants more public sector entities to establish independent audit committees.

The Public Company Accounting Oversight Board has entered into a cooperative arrangement with the Danish Business Authority for the oversight of audit firms in both regulators’ jurisdictions.

ACG New York taps CBIZ as accounting firm of the year, a new firm emerges in Jamaica and more…

Lawmakers who are part of a group of current and former CPAs and accountants in Congress are expressing concern about the possibility of the Securities and Exchange Commission allowing U.S. companies a choice of using either U.S. GAAP or International Financial Reporting Standards.

The Financial Accounting Standards Board voted Wednesday to finalize an accounting and financial reporting standard aimed at increasing transparency and consistency of financial reporting about consolidation.