Audit & Accounting

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?

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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.

The Public Company Accounting Oversight Board voted Thursday to adopt two attestation standards pertaining to audits of brokers and dealers, along with an auditing standard for broker-dealer audits.

Nearly seven out of 10 investors had confidence in the U.S. capital markets, according to a new survey by the Center for Audit Quality, and a record 79 percent had confidence in investing in U.S. publicly traded companies just prior to the government shutdown on October 1.

The Governmental Accounting Standards Board said Tuesday that it will provide live video webcasting of its in-person public meetings, beginning on October 30 and 31.