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Grant Thornton has released a new paper calling for an overhaul in the current thinking of the Financial Accounting Standards Board and the International Accounting Standards Board on lease accounting standards, instead advocating the use of two different lease accounting models.
March 8 -
International Accounting Standards Board chairman Hans Hoogervorst told attendees at a financial conference in Mexico City that the board plans to give accountants a period of relative stability to give them time to adjust to all the new standards.
March 8 -
The New York State Society of CPAs expressed its support for the Public Company Accounting Oversight Boards proposals for improving communications between auditors and audit committees, but objected to several of the new requirements.
March 8 -
The Financial Accounting Standards Board has added a new project to its agenda to re-examine the definition of a “nonpublic entity,” as part of its efforts to reach out more to private company constituents.
March 7 -
The Institute of Management Accountants and cloud-based financial and ERP product provider NetSuite Inc. have released a 23-page report, offering insights into the greatest challenges faced by todays finance organizations, along with the steps that companies are taking to overcome them.
March 7 -
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The Public Company Accounting Oversight Board has issued its latest inspection report on BDO USA and found several audit failures and deficiencies.
March 5 -
Michael Andrew, the chairman of KPMG International, sees a variety of audit risks arising in the global financial markets.
March 5 -
The Public Company Accounting Oversight Board plans to host forums for auditors of small businesses and smaller broker-dealers.
March 5