Audit & Accounting

The Public Company Accounting Oversight Board named Kyra Armstrong, Ray Hamm and Jerry Decker as deputy directors in the Division of Enforcement and Investigations unit.

Maintaining that there's near-universal agreement that the nation's tax code is too complex, Sen. Chuck Grassley, R-Iowa, chairman of the Senate Finance Committee, officially opened the committee's hearings titled "Kick-off for Tax Reform: Tackling the Tax Code."

The Securities and Exchange Commission will commission a study to compare how the different regulatory systems that apply to broker-dealers and investment advisers affect investors.

From inside the profession, or even working closely besides it, it's sometimes hard to imagine that there's anyone who doesn't have at least a cursory understanding of what Sarbanes-Oxley meant for the profession, or why the debate over Section 404 continues years after its implementation.

A Senate report estimates that tax cheating now equals about 7 cents out of each dollar paid by honest taxpayers, or as much as $70 billion annually.

It's time for public companies to begin disclosing the reasons behind an auditor change, a new report from Glass Lewis & Co. argues.

The American Institute of CPAs has released two exposure drafts, one tackling standards for attestation engagements, another amendments to auditing standards.

Many times I have told readers of this column and of Practical Accountant of state Web sites that list owners of unclaimed property that was transferred to the state from businesses and entities that were holding the property for years, but who weren't able to communicate with the property owner so the property could be claimed. I figured firms could publicize the sites, and a perusal would result in "found money" for a number of the firm's clients.

Grant Thornton will not be held liable for an unqualified opinion it issued on the 1999 financial statements of Daw Technologies.

Lately, the costs of placing help-wanted ads have waned considerably at the Securities and Exchange Commission.