Audit & Accounting

A dose of this week’s office moves, tools, industry reports and charity updates.

The Financial Accounting Standards Board has released a proposal for comment to improve reporting on expected credit losses on loans and other financial assets held as investments by banks, financial institutions and other public and private organizations.

Interactive Data Corp., a provider of evaluated pricing, valuation and reference data services, has released a new set of enhancements to its fixed income transparency tool Vantage, which are designed to effectively meet requirements of both the buy-side and sell-side in the evaluated pricing process.

A new company aims to match up accounting contractors with potential employers.

Wednesday was a red-letter day for many accounting departments, as December 19 was the busiest day for submitting expense reports.

Losses due to fraud are estimated to increase 20 percent during the U.S. holiday season, according to a new survey by the Association of Certified Fraud Examiners.

The International Forum of Independent Audit Regulators has released a global survey of audit inspection findings, identifying some of the most common problems that regulators have identified at auditing firms around the world during their inspections.

The New Mexico Finance Authority has completed its probe of fake audits and said it was reforming its accounting practices as a result.

Top 100 Firm Sikich LLP added the public accounting and consulting firm, Hill & White LLC. The merger went into effect on December 1.

New going concern warnings appear to be reaching a 12-year low among companies, according to new research from Audit Analytics, but the number of companies improving well enough to shed their going concern status is also the lowest observed in the past 12 years.