Audit & Accounting

Deloitte has launched US GAAP Plus, a new Web site that provides news, publications and project updates about U.S. and international accounting standard setting.

The Institute of Management Accountants has opened a new Competency Crisis microsite and community designed to give a variety of accounting and finance stakeholders, including professionals, students, employers and academics, a forum to discuss the issue of the talent gap in the accounting profession and come up with potential solutions.

Internal auditors, external auditors, board members and financial executives disagree over who has responsibility for deterring and detecting financial statement fraud, according to a new report.

The United Kingdom’s Competition Commission has published its final report on the audit market, proposing that publicly listed companies to put their audit contracts out for bid at least every 10 years.

The Olympics are the biggest international sporting sport event, with athletes from more than 200 nations participating in what are generally considered the most important competition in the world. But are they worth it to the host city and country in terms of the budget and the eventual enormous expenditures?

International memberships, free tax prep tips and more

The Financial Accounting Standards Board and the International Accounting Standards Board are revealing further details about their long-stalled plans for creating a Disclosure Framework to help accountants decide on which notes to include with financial statements.

The Securities and Exchange Commission has appointed Mark Kronforst as chief accountant of its Division of Corporation Finance.

Auditors filed fewer going concern opinions about companies last year, according to a new analysis of fiscal year-end 2012 filings, but that was largely due to company attrition rather than improved company performance.

The accounting profession and employers should work more actively to get accountants ready for finance leadership roles such as CFOs, according to a new study.