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The kickoff meeting of the Blue Ribbon Panel on Standard Setting for Private Companies showed there isnt a lot of agreement among privately held companies and their accountants on exactly what constitutes generally accepted accounting principles.
April 13 -
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April 13 -
IMGCAP(1)]While Congress and accountants continue to fight the Sarbanes-Oxley 404 requirements for small filers on what seems like an annual basis, those in the private sector continue to deploy SOX-related policies and procedures as best practices. This trend will continue as the cost of compliance becomes more efficient.
April 12 -
A blue ribbon panel looking to improve the accounting standards for private companies wants to find out why so many are not strictly complying with GAAP.
April 12 -
The American Institute of CPAs is encouraging more CPA firms and college professors to teach forensic accountants the skills they need to ferret out financial chicanery.
April 8 -
The Public Company Accounting Oversight Board has issued a document advising auditors to beware of unusual transactions that could be signs of fraud.
April 8 -
The Financial Accounting Standards Board and the International Accounting Standards Board plan to reconsider the standards for the types of repurchase transactions that Lehman Brothers used to shift $50 billion temporarily off its balance sheet before issuing its quarterly financial statements.
April 7 -
The International Accounting Standards Board has published the results of an international research project on how to account for extractive activities in the oil, gas, and mineral industries.
April 6 -
Grant Thornton has released the fifth edition of its Audit Committee Handbook, with new chapters on audit planning and oversight, fraud risk and broader international coverage.
April 5 -
The International Federation of Accountants has released two downloadable handbooks containing its 2010 code of ethics for professional accountants and pronouncements on auditing, review and other assurance services.
April 1
