Audit & Accounting

Accounting Today has issued a call for speakers for its 3rd Annual Growth & Profitability Summit, which will be held this year in Boca Raton, Fla., on October 28-30

The April edition of Accounting Today's monthly Accountants Confidence Index reversed a two-month decline, showing positive expectations for the short- and mid-term for the firs time in 2012.

IMGCAP(1)]Check out the digital edition of the April 2012 issue of Accounting Today.

President Obama signed into law on Thursday the Jumpstart Our Business Startups Act, also known as the JOBS Act, which lowers the regulatory and auditing barriers for companies to seek funding and enter the capital markets.

The Taxpayer Advocate Service at the Internal Revenue Service is beginning to pilot test a way for taxpayers to engage in face-to-face teleconferences with case workers to help them deal with their tax problems, and the program may expand to audits as well.

The multi-trillion dollar asset securitization market continues to have unresolved issues in the aftermath of the financial crisis, including how the assets are accounted for, and the credit risk assessments done by bond markets and credit-rating agencies, according to a new study.

Deloitte has relaunched IAS Plus, the firm’s site devoted to news about international accounting standards.

The Center for Audit Quality sees benefits in the updated Internal Control-Integrated Framework recently proposed by the Committee of Sponsoring Organizations of the Treadway Commission, or COSO.

The International Public Sector Accounting Standards Board has released an exposure draft on financial discussion and analysis for public sector entities, proposing minimum required content.

The Governmental Accounting Standards Board has issued two new accounting statements, one covering items previously reported as assets and liabilities, which clarified the appropriate reporting of deferred outflows and inflows of resources, and another statement containing technical corrections to resolve conflicting guidance.