Audit & Accounting

The Financial Accounting Standards Board has made available its proposed 2013 U.S. GAAP Financial Reporting Taxonomy in XBRL format for public review and comment.

Hong Kong’s Securities and Futures Commission has begun legal proceedings against Ernst & Young Hong Kong for failing to produce work papers and accounting records related to its audits of a former China-based client, Standard Water Limited.

Cindy Fornelli, executive director of the Center for Audit Quality, discusses how the inspection process at the Public Company Accounting Oversight Board works.

Cindy Fornelli of the Center for Audit Quality talks about the framework that auditors should be using to combat fraud.

Global CEOs and U.S. small business owners would like political leaders and candidates for office to focus more on tax reform, regulation, the size of government and entitlements, and the national debt in order to stimulate economic growth and job creation, according to a new report.

The firm of the future needs to be ready to adapt to constant change, according to Teresa Mackintosh, executive vice president and general manager of tax at CCH, in her keynote, “The Future-Ready Firm,” at the Midwest Accounting & Finance Showcase.

The Securities and Exchange Commission’s recently issued rule requiring companies to disclose their use of minerals from the war-torn Democratic Republic of the Congo could be an early indication of a future direction of regulators, prodding companies into providing more disclosures of environmental, social, humanitarian and labor issues.

In her keynote at this year’s Midwest Accounting & Finance Showcase, Illinois CPA Society president and CEO Elaine Weiss highlighted several of the most important issues facing the profession.

Cindy Fornelli, executive director of the Center for Audit Quality, discusses the importance of auditors retaining their professional skepticism.

Finding the best managing partners starts with asking what the best MP should be