Audit & Accounting

The Center for Audit Quality has sent a letter to the Treasury Department's Advisory Committee on the Auditing Profession warning that it has not taken sufficient steps to safeguard against the risk of "catastrophic litigation" to auditors.

BDO Seidman has elected Jack Weisbaum to his second four-year term as the accounting firm's CEO.

The American Institute of CPAs and other organizatons expressed their support for the Securities and Exchange Commission's proposed roadmap for moving to international accounting standards.

The Securities and Exchange Commission has approved a new rule and amendment to an existing rule from the Public Company Accounting Oversight Board related to ethics, independence and the provision of tax services.

Members of the Public Company Accounting Oversight Board may be breathing a sigh of relief that their organization has been ruled constitutional, but their opponents could decide to take their case to the Supreme Court.

The Securities and Exchange Commission proposed setting a roadmap for transitioning to International Financial Reporting Standards by 2014.

The Securities and Exchange Commission has scheduled a meeting for this Wednesday to discuss setting a roadmap for the transition to International Financial Reporting Standards.

Chinese accounting standards are converging with International Financial Reporting Standards, but there are still differences in practice, according to a new study by the Institute of Management Accountants.

The Public Company Accountability Oversight Board hailed a decision by an appeals court that upheld its constitutionality.

AccuFund has enhanced its AccuFund Accounting Suite with point-of-sale and electronic funds transfer features.