Audit & Accounting

An official with the European Union said that U.S. companies with stocks listed on European exchanges will not be forced to conform to International Financial Reporting Standards, even as IFRS moves closer to convergence with U.S. generally accepted accounting principles.

Dave Scudder has been following developments in auditing standards closely.

LeMaster Daniels has acquired Abramson Pendergast & Co., another CPA firm based in Washington State.

Deloitte's office in the Netherlands is preparing for a lawsuit by a group of investors there over its audits of food distributor Royal Ahold in a case that could cost the firm hundreds of millions of euros.

AccountantsWorld has teamed up with ExpertPlan to help accountants provide retirement-planning services to clients.

CPA firm Habif, Arogeti & Wynne has acquired another Atlanta-based accounting firm, Miller Ray Houser & Stewart, in a multimillion-dollar deal.

The Public Company Accounting Oversight Board plans to explain the deficiencies it found in its recent inspections of smaller auditing firms during an upcoming webcast.

WebCPA presents a free online session discussing various facets of philanthropy and its potential benefits for accountants.

Auditors at some of the largest accounting firms are working on tougher standards for valuing the assets of banks in an effort to calm jittery investors.

It began in college, continued in law school, and still exists today, my fascination with court and disciplinary opinions that provide an inside view of something the involved parties would rather had never come to light. The most recent one is a PCAOB disciplinary order involving an accountant who worked for KPMG.