Audit & Accounting

Organizations worldwide lose an estimated 5 percent of their annual revenues to fraud, according to a new survey of Certified Fraud Examiners.

The Public Company Accounting Oversight Board is making some progress in its efforts to inspect auditing firms in China.

Small business owners ranks Idaho and Texas as the most business-friendly states, with Oklahoma City and Dallas-Ft. Worth taking top honors among cities across the nation, according to a new survey.

The Securities and Exchange Commission has filed charges in an enforcement action against Deloitte’s affiliate in Shanghai, China, accusing the firm of violating U.S. securities laws by refusing to produce audit work paper documents.

Top 100 Firm Eide Bailly announced that nine staff members have been accepted into the partnership: Travis Burgess and Jodi Daugherty, in Boise, Idaho; Judy Vorndran and TJ Bert, in Golden, Colo.; Todd Harker, in Vail, Colo.; Sean Hales, in Phoenix; and Jenni Huotari, Chris Lee and Shelley Earsley, in Fargo.

The May edition of Accounting Today's monthly Accountants Confidence Index continues the expectation of expansion that started in April.

Check out the digital edition of the May 2012 issue of Accounting Today.

Ernst & Young's lobbying unit is no longer listed as a lobbyist for three major U.S. companies, all of whom were 2011 audit clients of the accounting giant.

Recent developments at accounting firms across the U.S. and around the world.

Audit management and analytics technology provider ACL Services has released ACL Workpapers for iOS, a mobile audit management app now available for free download from the iTunes App Store.