Audit & Accounting

The Securities and Exchange Commission is distributing more than $35 million to over 98,000 investors who were harmed by accounting fraud at Cardinal Health.

The Financial Planning Association is urging SEC Chair Mary Schapiro to clarify and restrict the scope of authority of the Financial Industry Regulatory Authority related to financial planning services.

The Financial Accounting Standards Board has issued a set of proposed changes to fair value measurement rules that would require companies to provide more information about illiquid assets.

IMGCAP(1)] As I spend time with CPA firms and learn about their approaches to developing their talent, exceptional programs rise to the top. One program that comes to mind is WIN@CG, Clifton Gunderson’s women’s initiative. This award-winning, results-oriented platform is worthy of emulation.

The Securities and Exchange Commission has charged Las Vegas accountant Michael J. Moore and his auditing firm Moore & Associates with issuing false auditing reports prepared by high school graduates who had little to no experience with accounting or auditing.

The Basel Committee on Banking Supervision, an influential group of international banking regulators, has released a set of guiding principles to help the International Accounting Standards Board set new standards for financial instruments to deal with the aftermath of the financial crisis.

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.