Audit & Accounting

A post-implementation review of the Financial Accounting Standards Board’s fair value measurement standard by FASB’s parent organization found the standard generally met its objectives, even though some investors have difficulty understanding fair value information provided in the financial statements, and their level of satisfaction with the information varies.

The Sustainability Accounting Standards Board has issued provisional standards for seven industries in the financial services sector.

New accounting websites, blogs and more...

Members of the Financial Accounting Standards Board voted at a meeting Wednesday to scale back FASB’s convergence efforts on insurance accounting standards with the International Accounting Standards Board.

The National Association of State Boards of Accountancy has written a letter to the Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board, questioning the FAF’s recent decision to contribute up to $3 million to the International Financial Reporting Standards Foundation, the parent of the International Accounting Standards Board.

Bloomberg BNA has published a new book examining the history and workings of the Public Company Accounting Oversight Board.

More than half of U.S. organizations that experienced fraud in the past two years reported an increase in the number of occurrences, according to a new survey by PricewaterhouseCoopers that also found a rise in accounting fraud, bribery and corruption, with cybercrime moving to the forefront of U.S. companies’ concerns.

The International Auditing and Assurance Standards Board has released a new publication with the goal of raising awareness of the key elements of audit quality.

The Anti-Fraud Collaboration has released a new case study to provide an example of effective financial fraud detection and deterrence.

By any measure, BDO USA had a great 2013 in terms of Securities and Exchange Commission audit clients.