Audit & Accounting

Awards, divorce services, PwC US’s latest trendsetter barometer and more…

The Financial Accounting Foundation has issued its 2013 Annual Report, entitled “The Road Ahead,” outlining the future direction of the FAF and the standard-setting boards it oversees, the Financial Accounting Standards Board and the Governmental Accounting Standards Board.

The Financial Accounting Standards Board has issued a proposed accounting standards update on “pushdown accounting” from FASB’s Emerging Issues Task Force.

The Public Company Accounting Oversight Board has issued a supplemental request for comments on its proposal to reorganize the existing PCAOB auditing standards, while also providing an online demonstration of the proposed reorganization, presenting the existing auditing standards as they would look if reorganized according to the proposed framework.

The Public Company Accounting Oversight Board has announced settled disciplinary orders against two audit firms and four individuals for violating federal securities laws, including one case of fraud, and violating PCAOB rules and auditing standards relating to auditor independence, quality control and audit documentation.

The Chartered Institute of Public Finance and Accountancy and the International Integrated Reporting Council said Wednesday they are creating a public sector pioneer network to promote the implementation of integrated reporting in the public sector.

Ever since the earliest spreadsheet software, people have been relinquishing many tasks and responsibilities to this ubiquitous tool, and for good reason: spreadsheets are easy to set up, perform all but the most complex functions, and are available everywhere.

The Securities and Exchange Commission has issued an order staying the effective date for compliance with the some of the conflict minerals rules the agency had drawn up after an appeals court ruled that they violated the First Amendment.

The American Institute of CPAs’ Auditing Standards Board has issued three auditing interpretations in response to the new Governmental Accounting Standards Board pension standards.

Accounting Today and the National Conference of CPA Practitioners have announced the agenda of their annual Accounting Technology Forum, which will take place June 24-25.