Audit & Accounting

PricewaterhouseCoopers has released the 2009 edition of its free downloadable guide comparing International Financial Reporting Standards with U.S. GAAP.

The author of a new book on the Financial Accounting Standards Board’s recently released GAAP Codification said CPA firms could be exposed to litigation risks unless they deploy the new codification rapidly.

The Group of 20 Leaders included a call for accounting convergence in their statement at the conclusion of their summit in Pittsburgh last weekend.

I know, I know you’re used to being in demand.

Many accounting firms are doing a good job of following new standards for conducting risk-based audits of internal controls, but others are not applying the standards properly, according to a new report by the Public Company Accounting Oversight Board.

Rep. Nydia Velázquez, D-N.Y., chair of the House Committee on Small Business, has proposed legislation to extend several expiring Small Business Administration lending programs.

Accountants have mixed feelings about the Obama administration’s proposed financial regulatory overhaul, according to a new survey.

The American Institute of CPAs testified before Congress in favor of exempting CPAs from oversight by the proposed Consumer Financial Protection Agency, arguing that CPAs are already highly regulated.

The SEC is expected to turn its attention once again this fall to the question of adopting International Financial Reporting Standards now that the financial crisis has eased.

A group of securities regulators from around the world is defending the need to safeguard the independence of the accounting standard-setting process.