Audit & Accounting

Accountants don’t think their small-business clients are prepared for the Affordable Care Act, according to a recent survey.

The accounting profession’s expectations for economic growth dropped somewhat this month, according to the September edition of Accounting Today’s monthly Accountants Confidence Index.

Top 30 CPA firm Carr, Riggs & Ingram has merged Gainer Donnelly, expanding their geographic reach with the local Houston CPA firm, which was one of Accounting Today’s 2013 Regional Leaders for the southwest.

A former Commerzbank AG and Societe Generale SA banker admitted in a U.S. court to aiding Olympus Corp.’s $1.7 billion accounting fraud.

The International Organization of Securities Commissions and the IFRS Foundation said Wednesday that they have agreed on a set of protocols under which the two organizations will deepen their cooperation to develop International Financial Reporting Standards and apply it consistently across the globe.

The United Kingdom’s Financial Reporting Council has launched an investigation into whether PricewaterhouseCoopers’ U.K. firm was independent when it conducted an audit of a company on which one of its former partners later joined the board.

The Financial Accounting Standards Advisory Council, the main advisory group for the Financial Accounting Standards Board, has released the results of a recent survey soliciting views about FASB’s future agenda, revealing pent-up demand for addressing issues such as financial disclosures, hedging and simplification of FASB’s Codification of U.S. GAAP.

Accounting Today has chosen its list of the Best Firms to Work For in 2013.

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Financial Accounting Standards Board chairman Russell Golden marked FASB’s 40th anniversary in his first major speech since taking over the chairmanship in July, outlining the changes he plans for the standard-setting board.