The Latest

The Public Company Accounting Oversight Board has released its latest inspection report on Ernst & Young after the New York-based firm failed to address certain quality control issues to the satisfaction of the PCAOB.

The National Society of Accountants Scholarship Foundation is seeking donations for its annual Scholarship Foundation Auction Aug. 23-24 during the NSA 68th Annual Meeting in Indianapolis.

A pair of Senate Democrats have introduced legislation to end unlimited tax write-offs on performance-based executive pay, allowing publicly traded corporations to deduct only up to $1 million in pay per employee.

The National Small Business Association released its 2013 Mid-Year Economic Report on Tuesday, indicating an improved overall economic outlook for small business owners in the U.S.

Governmental Accounting Standards Board chairman David Vaudt and Financial Accounting Standards Board chairman Russell Golden discuss how they are working together on initiatives such as leasing and pension standards, communicating about accounting standards in a more understandable way, and reaching out to key stakeholders for input, in a joint interview with Accounting Today editor-in-chief Daniel Hood.

ALPFA, the Association for Latin Professionals in Finance and Accounting, has signed a three-year sponsorship agreement with the management and advisory firm Tatum.

Laura Kucera has joined Friedman LLP as its new chief marketing officer.

Aronson LLC has acquired SpringReef Partners, a consultancy firm that offers wealth management services to high net worth families.

Public Company Accounting Oversight Board member Jeanette Franzel told a group of accounting educators that lack of professional skepticism is one of the main reasons for the prevalence of audit weaknesses found in the PCAOB’s inspections of the work of auditing firms.

Cash is on every firm’s mind, and in reality, it’s on every person’s mind. Firms today are looking for any way to improve their realization and accelerate cash flow. After all, strong cash flow is a great way to measure success, right?