Audit & Accounting

The major federal banking regulatory agencies are asking for comments on a proposed rule for banks’ minimal capital requirements, stemming from two accounting standards that would change how banks will account next year for many items they currently keep off their balance sheets.

A House subcommittee heard from a panel of small business owners concerned about the disappearance of popular tax deductions at a hearing in Tulsa, Okla., during the congressional recess.

The International Accounting Standards Board has published a set of proposed amendments to 11 International Financial Reporting Standards as part of its annual improvements project.

The extension of Ben Bernanke’s term as Federal Reserve chairman shouldn’t have come as much of a surprise, except to those who were hoping for better management of the economy.

The "Five Stages of Grief" are the steps of the psychologicalprocess by which people deal with unfortunate circumstances. Andnowadays we have seen this process, and the psychological character ofour clients, reflected during our valuation engagements.

The economy has left many people, and the nonprofit organizations they rely on, in crisis. As a result, community service is more critical than ever.

A new study indicates that differences between the international and U.S. auditing standards are fairly negligible and won’t present the challenge now facing the convergence of U.S. GAAP with International Financial Reporting Standards.

IMGCAP(1)]Richard Chambers has been reorganizing and consolidating the Institute of Internal Auditors ever since he returned in January after a five-year stint at PricewaterhouseCoopers.

In response to the global financial crisis, the International Accounting Standards Board has published a set of proposals to amend the discount rate for measuring employee benefits.

The Financial Accounting Standards Board took up the controversial question of disclosure requirements for loss contingencies at its latest meeting and decided that companies need to make more disclosures.