Audit & Accounting

A filmmaker is suggesting a new way to avoid skirmishes over notoriously dubious Hollywood accounting.

Dec. 22, 2015, marked the 20th anniversary of the enactment of the Private Securities Litigation Reform Act. Enacted at the behest of accounting firms, the PSLRA was crafted to immunize accountants from securities fraud liability. The result over the last two decades has been a substantial erosion in the ability of investors to hold accounting firms accountable.

The Financial Accounting Standards Board has endorsed a consensus recommendation from the Private Company Council to remove the effective dates for four standards.

The Federal Accounting Standards Advisory Board has released an exposure draft of a proposed Statement of Federal Financial Accounting Standards on insurance programs for the federal government.

The Financial Accounting Standards Board issued Tuesday a long-awaited accounting standards update for the recognition and measurement of financial instruments that it has been developing for over a decade with the International Accounting Standards Board.

Check out the digital edition of the January 2016 issue of Accounting Today.

(Bloomberg) Michael Oxley, the former U.S. congressman who co-sponsored the landmark Sarbanes-Oxley Act has died, age 71.

A video preview of the January issue of Accounting Today from editor-in-chief Dan Hood.

The Service has updated HealthCare Tax Tip 2015-85 to clarify the revised reporting dates and make the dates in this tip consistent with the dates in Notice 2016-4.

Atlanta’s Habif, Arogeti & Wynne creates a new attest service