Audit & Accounting

The Securities and Exchange Commission has released its latest review of Interactive Data Financial Statement submissions and found that filers are making progress.

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

Business assurance technology provider ACL Services Ltd. is expanding into the electronic work papers market with the acquisition of Workpapers.com.

Olympus has until December 14 to fix its financial statements in the wake of a high-profile accounting scandal if the camera maker wants to retain its listing on the Tokyo Stock Exchange.

The American Institute of CPAs and two Brazilian accounting organizations have signed a two-year agreement paving the way for the CPA Exam to be offered in South America next year.

Proposed changes in lease accounting standards could have a broad negative impact on the U.S. economy, triggering a $10 billion reduction in gross domestic product and 60,000 fewer jobs by 2016, according to a new study from the Equipment Leasing & Finance Foundation.

The Governmental Accounting Standards Board has proposed that state and local governments should include five-year projections of their cash inflows and outflows, and financial obligations, to supplement their financial statements.

The Financial Accounting Standards Board and the International Accounting Standards Board appear to be growing tired of trying to resolve their many disagreements after 10 years of ups and downs in their relationship, and the main question now seems to be whether it will be an amicable split.

The Public Company Accounting Oversight Board has published a staff alert cautioning auditors to beware of the risks of material misstatements in the financial statements they audit in today’s volatile economic environment.

Financial Accounting Standards Board chair Leslie Seidman advocated a cautious transition to International Financial Reporting Standards during a speech Tuesday in which she said the board should retain its control over U.S. GAAP.