Audit & Accounting

The chairmen of the two organizations responsible for the creation of IFRS argue the value of the standards to the public in a new publication.

Between legislative changes and proposed rules and guidance issued by government agencies at the federal, state, and local levels, business owners have a lot of red tape to navigate and understand.

The International Accounting Standards has issued an amendment to its revenue recognition standard, IFRS 15 Revenue from Contracts with Customers, formalizing the deferral of the effective date by one year until 2018.

The Securities and Exchange Commission filed accounting fraud charges against two former top executives of a now-bankrupt online video management company, accusing them of falsifying financial statements to make the company appear more profitable than it was in reality.

The pace of new hiring for accounting and finance jobs is expected to hit its highest level this year during the fourth quarter within certain markets, according to a new report.

The Institute of Internal Auditors has sent a letter to the Securities and Exchange Commission calling on the SEC to require internal audit functions for all publicly traded companies.

The Securities and Exchange Commission will be poring over the comments it received on its recent proposal to toughen audit committee disclosures after the comment deadline expired Tuesday.

BDO USA has agreed to pay $2.1 million to settle charges from the Securities and Exchange Commission that the firm dismissed a number of red flags and issued false and misleading unqualified audit opinions about the financial statements of a staffing services company, General Employment Enterprises.

The Securities and Exchange Commission has charged Bankrate and three of its former executives with accounting fraud.

Much of an accountant’s work is done at the client’s premises. However, whenever we are there, it is an intrusion on their routine. We need to remember we are guests and should remain “out of sight.” Well, let me tell you what happened early on in my career.