Audit & Accounting

The Internal Revenue Service is planning an 18 percent reduction in its audits of large businesses in the current fiscal year, according to a new report.

The former president and treasurer of the Washington, D.C., chapter of the Institute of Internal Auditors has been accused of embezzling over $30,000 from the organization.

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

An audit by the Government Accountability Office of the Securities and Exchanges Commission’s Investor Protection Fund financial statements for fiscal years 2011 and 2012 found two areas of significant deficiency in the SEC’s internal controls.

Product enhancements, partnerships, and pounding of the proverbial chest were abound over the past week -- all of this just as conference season is about to get into full swing, right after tax season of course.

The Securities and Exchange Commission reminded corporate filers Friday that the forthcoming release of its EDGAR financial statement database will support 2013 U.S. GAAP Taxonomy, but not the older 2011 taxonomy.

Accounting services and technology consultancy Armanino has selected to move its small business outsourcing clients from their current accounting platforms to Xero, making them the largest firm thus far to do so.

Find out what accounting firm switched to the feline marketing craze…

Spending on outsourcing of accounting and finance functions is expected to reach over $25 billion around the world this year, according to a new report.

Cloud accounting software maker Kashoo has released Version 2.1 of its accounting iPad app, which includes, among other things, mobile printing and client-ready invoice templates.