Audit & Accounting

The rules have changed for firms that perform interim reviews and year-end audits of client financial statements

Approval of a resolution to support the creation of a GAAP model for private companies and a separate standards board, a revamp of the CPA Vision project and the election of the new 2010-2011 chairman highlighted the Fall Meeting of Council of the American Institute of CPAs, here.

There are certain things that I've resigned myself to believing will never happen in my lifetime. One is my brother-in-law repaying the money he has owed me for 13 years. The other would find me suddenly enjoying lower taxes in New York State. For good measure, you can also add to that list the day my children stop requesting money.

Many claim that "principles-based" accounting standards are superior to "rules-based" standards.

REGISTRATION UNDER WAY

BDO USA LLP kicked off the firm’s Centennial Partners Meeting on Monday.

The Public Company Accounting Oversight Board presented an interactive session on inspection case studies at its fourth annual International Auditor Regulatory Institute.

IMGCAP(1)]Check out the digital edition of the November 15 issue of Accounting Today.

CEOs of accounting institutes from around the world met at the World Congress of Accountants in Malaysia, where they discussed the need for companies to report on non-financial results in areas such as social and environmental activities.

An international monitoring group overseeing accounting standard-setters has issued a report that found the International Federation of Accountants has carried out a series of reforms in recent years, but outlined some steps it should pursue in the future.