Audit & Accounting

The longer a company has been in compliance with Sarbanes-Oxley, the higher the percentage of executives who say the benefits outweigh the costs, according to a new study released by global risk ad internal audit consulting firm Protiviti.

The Governing Council of the American Institute of CPAs rolled through a stacked agenda during its Spring Meeting of Council here - a three-day event that was highlighted by approval to expand the institute's membership categories and the start of discussions to sharpen its strategic vision.

PUBLIC SECTOR STANDARDS BOARD PUBLISHES HANDBOOK

SUPREME COURT NIXES TEXTRON APPEAL

The International Accounting Standards Board has published a proposed set of changes in the accounting standards for financial liabilities to address what it calls the "counter-intuitive" effects of fair value measurement.

Trust in financial institutions has been severely eroded by the financial crisis, but a new survey has found that the majority of Americans find statements by spokespeople from accounting firms believable.

According to the ancient legend of the Gordian Knot, whoever could untangle its complicated strands would rule the world.

Lawsuit insurance

The Public Company Accounting Oversight Board has published new guidance about the recent requirement for accounting firms to file annual reports about their audit clients, fees, staff disciplinary histories and other information.

The U.K.’s Accountancy and Actuarial Discipline Board has begun an investigation into the conduct of Ernst & Young LLP as auditors to Lehman Brothers International Europe, including Lehman’s use of repurchase agreements.