Audit & Accounting

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.

The IRS said that time is running out for many small businesses that wish to take advantage of the tax breaks in the stimulus bill.

The Small Business Administration and the Commerce Department plan to offer more federal contracts to small businesses, but a small business advocacy group is skeptical.

CFOs and senior-level accountants anticipate spending more of their time five years from now on non-accounting functions, according to a new survey.

IMGCAP(1)] I recently read an article challenging the reader to sum up one’s leadership in six words. I decided to apply this same challenge in describing my experience at the AICPA Leadership Academy. My six words: Amazing professionals. Thought provoking. Life changing.