Audit & Accounting

The European Commission has appointed the French accounting firm Mazars and the Institute of Chartered Accountants in England and Wales to team up on a report assessing the effects of using International Financial Reporting Standards in the European Union.

The Financial Accounting Foundation has released an updated print edition of the Financial Accounting Standards Board’s FASB Accounting Standards Codification, the authoritative source of U.S. GAAP for public and private companies and not-for-profit organizations.

Despite a wave of accounting scandals at Chinese companies, a 58 percent majority of capital markets executives at investment banks believe the number of U.S. IPOs from China-based businesses will increase in 2014, according to a new survey by the accounting and consulting firm BDO USA LLP.

The International Federation of Accountants, a global organization for the accounting profession with 179 members in 130 countries, has issued a Call for Nominations for the IFAC Board and Committees in 2015.

3PAO Accreditation, rebranding and more...

The Public Company Accounting Oversight Board has been making progress on reducing its backlog of remediation submissions dating back to 2010 from auditing firms that have been addressing the problems found by PCAOB inspectors, according to a new report.

The International Accounting Education Standards Board has published three new International Education Standards, adjusting the suggested content of educational programs for initial professional development of aspiring accountants.

Vin Colman is PricewaterhouseCoopers’ U.S. Assurance Leader and a member of PwC’s U.S. Leadership Team. He began running the firm’s Assurance practice, which includes audit and other services, last July when the firm reorganized its management ranks.

The top vendors listed on travel expense reports last year in terms of the percentage of receipts included Starbucks, Delta Air Lines, Avis and Marriott, according to a new report by travel and expense management software developer Certify.

The Financial Accounting Standards Board issued a pair of updates Thursday to U.S. GAAP to provide alternatives for private companies on the subsequent accounting for goodwill and for interest rate swaps.