Audit & Accounting

The American Institute of CPAs and the Chartered Institute of Management Accountants have proposed a framework with the goal of bringing consistency to management accounting practice across the world.

The Committee of Sponsoring Organizations of the Treadway Commission has released a new paper examining how frameworks such as the ones it has issued for internal control and enterprise risk management can improve the performance and governance of an organization.

Check out the digital edition of the February 2014 issue of Accounting Today.

The Public Company Accounting Oversight Board anticipates signing a deal by the end of the year to inspect auditing firms located in China, a long-sought goal.

International Accounting Standards Board chairman Hans Hoogervorst said in a speech Wednesday the IASB is aware of concerns about the potential costs of the converged lease accounting standards that the IASB has been developing with the U.S. Financial Accounting Standards Board, and he assured the audience that those costs would be kept to a minimum.

Hewlett-Packard Co. said accounting errors at Autonomy Corp. have led it to cut the reported 2010 revenue at the software maker’s largest unit by 54 percent, adding fuel to a legal dispute over its purchase of Autonomy.

New research finds that material restatements of earnings that involve correcting accounting irregularities and not just honest errors, lead to a loss in company credibility with investors lasting substantially longer than previously documented.

National Taxpayer Advocate Nina Olson urged the Internal Revenue Service to adopt a comprehensive Taxpayer Bill of Rights in her annual report to Congress in mid-January.

With eight overall new Securities and Exchange Commission audit clients and a net gain of five, Top 20 Firm Marcum topped the charts among large and national firms in the fourth quarter, and brought in over a million dollars in audit fees.

What Vince Lombardi really meant ...