Audit & Accounting

ACL Services Ltd., a provider of business assurance technology for audit and compliance professionals, on Wednesday introduced ACL Acerno, an add-in for Microsoft Excel specially designed for auditors working with data analyzed in ACL Desktop or AuditExchange.

The European Commission has proposed a draft law that could split up the largest auditing firms and force them to use a separate entity and name for their advisory and non-audit practices.

The Financial Accounting Standards Board has added a new project to its agenda aimed at reducing or eliminating the need for private companies and not-for-profit organizations to provide as many fair value measurement disclosures as public companies.

PwC Reports Fraud, Cyber Crime on the Rise

PCAOB Expands Standing Advisory Group

Accounting firm Clifton Gunderson said Tuesday it is intensifying its efforts to persuade the Financial Accounting Foundation to set up an independent board to set accounting standards for privately held companies.

International Accounting Standards Board chairman Hans Hoogervorst said that regardless of which way the Securities and Exchange Commission decides to go on supporting International Financial Reporting Standards, the main thing that is needed from the U.S. right now is “clarity.”

Trilogy Software Inc. has completed its first-round equity offering of $3.3 million, which will be used to launch the company’s DoxCycle intelligent tax source document management software and to explore opportunities in the professional tax and accounting industry.

The American Institute of CPAs settled its copyright infringement lawsuit Tuesday with KAPLI Inc., a provider of review course materials, over the company’s alleged use of some of the questions and test items from the AICPA’s Uniform CPA Exam that had not previously been made public.

The International Accounting Standards Board and the International Federation of Accountants agreed Tuesday to strengthen their cooperation on developing accounting standards for both the private and public sectors.