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The House has approved a bill that prohibits the Public Company Accounting and Oversight Board from forcing public companies to automatically change or rotate their independent auditing firms.
July 8 -
The Securities and Exchange Commissions custody rule governing investment advisors custody of client assets imposes various requirements and, in turn, costs on investment advisors, according to a new report by the Government Accountability Office.
July 8 -
IT, accounting and finance administrative processes dominate the future outsourcing plans of major companies, according to a new survey by KPMG.
July 8 -
The Financial Accounting Standards Board is issuing a new accounting standards update on Monday that defers indefinitely certain disclosures about investments held by nonpublic employee benefit plans in their plan sponsors own nonpublic equity securities.
July 8 -
Check out the digital edition of the July 2013 issue of Accounting Today.
July 8 -
The Government Accountability Office recommended in a new report that the Securities and Exchange Commission should consider requiring public companies where applicable to explicitly disclose whether they obtained an auditor attestation of their internal controls.
July 5 -
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The Governmental Accounting Standards Board has issued for public comment a proposed statement regarding the transition provisions of GASBs new pension standards for state and local governments with the goal of eliminating a potential source of understatement of restated beginning net position and expense in a governments first year of implementing GASBs new pension accounting standards.
July 2 -
The Financial Accounting Standards Board and the International Accounting Standards Board plan to host a series of joint public roundtable meetings on different continents to discuss their revised joint proposals on leasing standards that were published in May.
July 2