Audit & Accounting

The Public Company Accounting Oversight Board proposed for public comment a new auditing standard and related amendments to enhance the auditor's reporting model on Tuesday.

The Institute of Management Accountants has launched a new initiative to endorse undergraduate accounting programs that provide the skills needed for corporate accountants.

Most state and local governments have achieved clean audit opinions, but a new poll of state finance officials found that implementing the Affordable Care Act and funding the pension costs of current and retired employees are among their biggest ongoing challenges.

Investors are more concerned about improving the quality of financial disclosures rather than simply reducing the quantity of them, according to a new report from the CFA Institute, which takes aim at some recently proposed disclosure reforms that seek to cut down disclosure overload.

The trade association representing credit unions believes that the Financial Accounting Standards Board’s recent proposal to redefine the meaning of a public business entity could open the door to more appropriate accounting standards for credit unions.

Relocations, surveys and more

Check out the digital edition of the August 2013 issue of Accounting Today.

The Public Company Accounting Oversight Board has scheduled a meeting for next Tuesday to consider proposing for public comment a new auditing standard and related amendments to enhance the auditor’s reporting model.

The Financial Reporting Council, the United Kingdom’s standard-setter for accounting, auditing and actuarial work, announced two separate investigations this week into Grant Thornton U.K.’s work with two audit clients, beverage maker Nichols plc., and mortgage lender the Manchester Building Society.

The Financial Accounting Standards Board issued for public comment Wednesday a proposal that would define a public business entity.