Audit & Accounting

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.

Nonprofit accounting software maker Blackbaud has released Blackbaud MobilePay, a mobile credit card processing application that is integrated with the company’s payment processing services.

The Public Company Accounting Oversight Board has released its latest inspection report on Ernst & Young after the New York-based firm failed to address certain quality control issues to the satisfaction of the PCAOB.

Governmental Accounting Standards Board chairman David Vaudt and Financial Accounting Standards Board chairman Russell Golden discuss how they are working together on initiatives such as leasing and pension standards, communicating about accounting standards in a more understandable way, and reaching out to key stakeholders for input, in a joint interview with Accounting Today editor-in-chief Daniel Hood.