Audit & Accounting

Treasury Secretary Timothy Geithner spelled out plans for how the government will spend trillions of dollars to deal with unfreezing credit and taking troubled assets off the books of financial institutions.

The Center for Audit Quality has published a free online reference source for public company auditors with lessons on performing audits of internal control over financial reporting.

The Senate has approved the economic stimulus bill after three Republican senators agreed to vote for the massive package aimed at reviving the economy.

Retirement doesn’t have to be just about bingo and shuffleboard.

Morningstar has issued a statement that it is considering establishing its own credit-ratings systems in competition with rating agencies such as Moody’s and Fitch, although it has no plans in place.

The Senate plans a crucial procedural vote Monday after a group of moderate senators forged a compromise over the weekend to trim approximately $110 billion from the economic stimulus bill.

Millennials still believe the future is bright. According to a survey of 2,000 people conducted by Pepsi as part of the company's Optimism Project, 94 percent of Gen Yers feel optimistic about the future.

Securities and Exchange Commission Chairman Mary Schapiro announced plans to make it easier for SEC staff to bring enforcement actions and indicated that the Financial Accounting Standards Board would further modify fair value accounting standards.

The Securities and Exchange Commission has appointed Robert Malhotra as a senior advisor in the SEC’s Office of the Chief Accountant.

The Securities and Exchange Commission said that Bernard Madoff has consented to a proposed partial judgment imposing a permanent injunction on him.