Audit & Accounting

  • The Financial Accounting Standards Board has released the latest version of the U.S. GAAP Taxonomy using the data-tagging technology, XBRL, or Extensible Business Reporting Language, which the Securities and Exchange Commission now requires public companies to use with their financial statement filings.

    August 30
  • New website, 1st Bridging the Gap Awards and a little more…

    August 29
  • The American Institute of CPAs has released guidelines to help privately held businesses determine which accounting framework, including the Financial Reporting Framework for Small- and Medium-Sized Entities, best meets their financial reporting needs.

    August 29
  • The Public Company Accounting Oversight Board’s recent proposal to overhaul the format of the auditor’s reporting model could lead to unexpected legal repercussions for auditors.

    August 28
  • The Public Company Accounting Oversight Board released its latest inspection reports Wednesday on KPMG LLP and PricewaterhouseCoopers LLP, revealing various problems uncovered with the firms’ audits.

    August 28
  • The accounting profession’s expectations for economic growth remained positive this month, according to the August edition of Accounting Today’s monthly Accountants Confidence Index.

    August 26
  • The American Institute of CPAs has opened submissions for its fourth annual Accounting Competition, which challenges teams of undergraduate students to solve topical financial problems for a $10,000 prize.

    August 23
  • Understanding what makes a Chief Financial Officer tick has always been important, but today a CFO’s role goes beyond number cruncher to board liaison and CEO advisor—among a number of other demands outside of their typical purview.

    August 23
  • The National Association of State Boards of Accountancy has awarded three grants totaling $24,500 to college faculty and postdoctoral researchers to research educational issues that affect the public accounting profession.

    August 22
  • Alfred Sloan Award recipients, new website and Camden, N.J. has a new auditor

    August 22