Audit & Accounting

The Financial Accounting Standards Board has voted to extend the comment deadline for a much-debated proposal on credit losses and loan impairments.

The top 10 issues that are most likely to prompt an indirect tax audit, when uncovered, according to the Tax & Accounting business of Thomson Reuters:

Microsoft Dynamics GP partner The Resource Group will launch a series of webcasts beginning April 10, designed to educate companies about the hidden costs of entry-level accounting systems.

A recent academic study suggests that adopting a conservative accounting style can hinder a company’s ability to innovate.

An anti-fraud group has released the first of a series of new case studies aimed at teaching audit committees, financial executives and auditors where and how fraud can arise.

International association of independent accounting firms Enterprise Worldwide has partnered with Canadian firm association Porter Hétu International.

The Internal Revenue Service has released its annual “Dirty Dozen” list of tax scams, advising taxpayers to be aware of identity theft, phishing scams and several other red flags that can cause financial mayhem.

The Public Company Accounting Oversight Board is seeking comments on a proposal to reorganize its auditing standards into a single system.

More internal auditors are reporting to their organizations’ chief executive officers than before, according to a semi-annual study by the Institute of Internal Auditors.

The American Institute of CPAs announced the 39 winners of the 2012 Elijah Sells Award, given to outstanding performers on the uniform CPA examination.