Audit & Accounting

Several top accounting firms made Fortune Magazine's recently released 2011 100 Best Companies to Work For list.

The Texas Society of CPAs executive board has adopted a resolution in support of the implementation of a new GAAP model for private companies.

The Small Business Tax Credit Calculator, developed by Tax Credits LLC, is able to complete lines 1 to 14 of Form 8941 for tax preparers in all 50 states.

The Blue-Ribbon Panel on Standard Setting for Private Companies submitted a report Wednesday recommending that the Financial Accounting Foundation set up a separate board to determine private company accounting standards.

The Financial Accounting Standards Board has taken a step back on previous plans to require companies to report all of their financial instruments at fair value.

The European Commission said it would recognize the equivalence of the audit oversight systems of the United States and nine other countries, laying the foundation for greater international cooperation on the supervision of auditors and auditing firms.

The Financial Accounting Foundation has released the 2011 U.S. GAAP Financial Reporting Taxonomy, pending final acceptance by the Securities and Exchange Commission.

The International Auditing and Assurance Standards Board has released a set of proposals to address the growing need for robust international standards for services that can be used by entities that are either not required or do not elect to be audited.

The Institute of Internal Auditors has published new professional guidance on how to assess the adequacy of risk management and measure the effectiveness and efficiency of a company’s internal audit function.

The AICPA has posted a sample client letter that accountants and tax practitioners can download, personalize and use to inform their clients about how the legislation extending the Bush-era tax cuts could affect them.