Audit & Accounting

The Institute of Internal Auditors has proposed changes to its International Standards for the Professional Practice of Internal Auditing to help internal auditors meet the challenges of today’s business environment.

Accounting firms that prepare the taxes of companies they also audit tend to steer away from dubious tax deductions, according to a new study.

Alex Malley, the chief executive of CPA Australia, a professional organization for accountants in the Land Down Under, has gotten a high-profile new gig: hosting a Sunday morning TV series on a top TV network there.

Thirty-eight percent of organizations are turning to outside services to supplement the efforts of their internal audit function, according to a new survey of chief audit executives.

Top 100 Firm Marcum took the top spot among large audit firms in bringing in new Securities and Exchange Commission audit clients in the fourth quarter of 2015, with with 11 new engagements and a net gain of six.

20 years: Looking back, around and forward

The American Institute of CPAs is encouraging firms to modernize the way they conduct audits by using data analytics technology and working to improve the way employee benefit plan audits are conducted in response to a critical Labor Department report.

American Institute of CPAs president and CEO Barry Melancon said the AICPA is pushing the Internal Revenue Service to improve its services for both taxpayers and CPAs while preparing to become a more international organization.

The Financial Accounting Standards Board has issued two proposed accounting standards updates to improve financial reporting by employers related to defined benefit pension and other post-retirement benefit plans.

The lease accounting standard that the Financial Accounting Standards Board plans to release this quarter is expected to have a major impact on many companies, requiring current off-balance sheet leasing activities to be reflected on balance sheets for the first time.