Audit & Accounting

As someone who works within a 3-wood from New York's financial markets, I found myself wandering over during a lunch hour to see for myself the five weeks and counting spectacle of the Occupy Wall Street protestors.

The American Institute of CPAs has released a new white paper addressing the fair value measurement of financial assets and liabilities, for which there is no market.

The Institute of Certified Management Accountants, the certification division of the Institute for Management Accountants, launched the new simplified Chinese language version of its two-part Certified Management Accountant exam.

Chief financial officers and investors have increased their support for global accounting standards since the start of the economic crisis in 2008, according to an international survey published Thursday by the global Association of Chartered Certified Accountants.

The Public Company Accounting Oversight Board announced Thursday that it had permanently barred a Denver-based audit partner and permanently revoked the registration of a registered public accounting firm because the audit partner had participated in audits while subject to a previous bar.

The Internal Revenue Service has sent out an advisory to tax preparers and tax firms that do not have Electronic Filing Identification Numbers to obtain EFINs in order to meet the 2012 e-file mandate.

Top 100 CPA and business advisory firm Cherry Bekaert & Holland has divested its Mobile, Ala.-based office to local accounting firm Wilkins Miller Hieronymus LLC for undisclosed terms.

Despite the ongoing sluggishness in the nation's economy, investors remain confident in publicly traded companies, that, according to the 5th annual "Main Street Investor" Survey.

The Financial Accounting Standards Board said Wednesday that it would consider postponing the effective date of certain provisions of a recently issued standard on the presentation of comprehensive income.

The Public Company Accounting Oversight Board has reached an agreement with Japanese regulators that will allow the two countries to carry out joint inspections of auditing firms in Japan and the U.S.