Audit & Accounting

Voller, Lee, Suess & Associates has agreed to join Eide Bailly LLP. The deal is set to close by December 1, 2012.

The Securities and Exchange Commission and the Department of Justice have released A Resource Guide to the U.S. Foreign Corrupt Practices Act, a 120-page guide providing a detailed analysis of the U.S. Foreign Corrupt Practices Act, including the accounting provisions, and closely examining the SEC and DOJ approach to FCPA enforcement.

The role of the CFO will evolve in the future to encompass new challenges such as global economic uncertainty and volatility, fluctuating energy prices, and turbulent currency markets, along with a shift in economic power, according to a new report.

A female presence on a company board reduces the chance of financial restatements by close to 40 percent, according to a new study.

The American Institute of CPAs’ Accounting and Review Services Committee has issued exposure drafts of its proposed Statements on Standards for Accounting and Review Services as part of its Clarity Project and is asking for public comment on them.

The Securities and Exchange Commission issued an order Wednesday providing regulatory relief to accountants, publicly traded companies, investment companies, transfer agents, and others affected by Hurricane Sandy.

Blain Heckaman is the new managing principal at Kaufman, Rossin & Co.

Officials with the Securities and Exchange Commission are taking a wait-and-see attitude toward incorporating International Financial Reporting Standards into the U.S. financial system, even as an increasing number of foreign companies file their financial reports with the SEC using IFRS.

Jennifer Jarvis Hamberger has joined Freed Maxick CPAs as chief marketing officer.

The Public Company Accounting Oversight Board has released a new inspection report of PricewaterhouseCoopers LLP from last year in which it identified deficiencies, including three instances of what it terms “audit failures.”