Audit & Accounting

Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders, and is looking for more top-notch accounting firms to consider.

The U.S. Justice Department opened an investigation relating to Autonomy Corp. after Hewlett- Packard Co. accused the software company of misrepresenting its performance before being bought last year.

The Financial Accounting Foundation, which oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board, is coming out in support of a proposal to create a new Accounting Standards Advisory Forum of international standard setters, but is balking at a requirement that participants need to make a commitment to International Financial Reporting Standards.

Fiscal Cliff Estimator, community service, new studies, Web sites and more

The Public Company Accounting Oversight Board has released its latest inspection reports on Deloitte & Touche, Ernst & Young and Grant Thornton, and identified deficiencies with several of the audits it inspected.

Jill Martin has been named partner in the tax services group at ParenteBeard LLC.

The Financial Accounting Standards Board has released the 2013 U.S. GAAP Financial Reporting Taxonomy.

Grant Thornton reported global revenue growth of 10.4 percent in U.S. dollars, to a record $4.2 billion, for the year ended Sept. 20, 2012. Growth in local currency terms was even higher, at 13.2 percent.

Paul Beswick is the Securities and Exchange Commission’s new chief accountant.

The American Institute of CPAs has developed an online Audit Risk Assessment Tool to help focus in on the potential risk of material misstatements in a financial statement audit due to fraud or error.