Audit & Accounting

With the formal release of the 2013 AICPA Guide, Valuation of Privately-Held Company Equity Securities Issued as Compensation, there are two valuation concepts that are new to the updated guide, but are already in fairly wide use.

The global consulting firm Protiviti has published a new study on how the internal audit function is changing at companies around the world as internal audit teams collaborate with more parts of the organization while also trying to maintain their independence.

The National Association of State Boards of Accountancy and the American Institute of CPAs have pledged their cooperation on financial reporting frameworks for private after a dispute broke out between the two organizations over the AICPA’s recent issuance of its Financial Reporting Framework for Small and Medium-sized Enterprises.

CPA firms are predicting they will face challenges in gaining acceptance of the American Institute of CPAs’ recently introduced Financial Reporting Framework for Small and Medium-sized Entities, according to a new survey.

M&A surveys, OSCPA’s Women’s Initiative and more…

The Public Company Accounting Oversight Board has conducted a review of safety and security procedures for employees traveling abroad in light of recent incidents of violence around the world, such as the killing of four Americans at the U.S. Consulate in Benghazi, Libya, last year.

China will for the first time give audit records for a Chinese company to U.S. authorities after regulators reached an agreement in May to allow each other access to companies’ documents.

To address the market demand for training in Extensible Business Reporting Language, or XBRL, the American Institute of CPAs and XBRL US, the nonprofit consortium for XBRL business reporting standards in the U.S., have introduced an XBRL US GAAP Certificate Program.

The Texas Society of CPAs unveiled a Responsibility of Individuals Project at its Annual Meeting of Members last week in Las Vegas.

Only 14 percent of capital markets executives at leading investment banks believe the JOBS Act is having a positive impact on increasing the number of IPOs on U.S. exchanges, according to a new survey by BDO USA.