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The Financial Accounting Standards Board has issued a discussion paper to solicit input on how to improve, simplify, and converge the financial reporting requirements for hedging activities, as it foresees the possibility of increasing divergence from international standards.
February 10 -
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The leaders of four of the largest international accounting and auditing firms told the European Commission on Wednesday that they are ready for more official intervention in the audit market to forestall another financial crisis and they support more competition in the market.
February 9 -
The next decade will be a period of rapid change and continuous transformation for the accounting profession that will lend itself to greater opportunities for growth and productivity, according to a new report.
February 4 -
The Institute of Chartered Accountants of England and Wales is calling for a “big bang” approach to implementing a series of new International Financial Reporting Standards.
February 4 -
Irving H. Picard, the trustee for the liquidation of Bernard Madoff’s asset management firm, has filed a complaint against JPMorgan Chase, claiming the bank had suspicions about Madoff’s Ponzi scheme going back to at least 2006, but waited until 2008 to alert authorities while it earned hundreds of millions of dollars from doing business with Madoff.
February 4 -
The Public Company Accounting Oversight Board said Thursday that Steven Richards, the former assistant chief accountant in the Securities and Exchange Commission’s Division of Enforcement, will be joining the board as special adviser to the PCAOB’s new chairman, James R. Doty, at the end of March.
February 3 -
The focus of internal audit activities is expected to change significantly in the next five years, according to a new study.
February 2 -
President Obama has launched a new initiative to fund small business entrepreneurs known as Startup America, which sounds like something that might better belong on Sand Hill Road in Silicon Valley than on Pennsylvania Avenue in Washington.
February 1 -
A Florida Circuit Court jury ruled in favor of the estate of a philanthropist in a case involving BDO’s audits of a defunct real estate firm.
February 1
