Audit & Accounting

The SEC must get out of the way and let FASB tackle its to-do list

The Financial Accounting Standards Board plans to host roundtable meetings to discuss its recent proposed changes in accounting for not-for-profit organizations and health care entities.

Nearly half of accounting and finance professionals in a recent survey said they typically spend their lunch breaks eating alone, even though almost as many said they would rather have a coworker join them for lunch.

Most of my clients, large and small, have always been on fixed annual fees, payable monthly.

The two firms brought on the most new SEC audit clients

Tim Gearty of Becker Professional Education discusses how the CPA Exam is testing for recent accounting standards updates, in an interview with Accounting Today editor-in-chief Dan Hood.

New tools can make spreadsheets manageable

Auditing firms (especially the Big Four) have been increasingly seeking "boomerang" auditors - individuals who, after working as auditors, take a position as a manager or CFO at a company, and then return to auditing. Driving this "boomerang" hiring trend is the belief that being able to take the perspective of a manager makes for a better auditor - one who is better able to tell when a manager is overstating or exaggerating earnings. A new study - the first to measure auditor accuracy in assessing earnings bias - confirms that belief.

The Public Company Accounting Oversight Board announced that the next meeting of its Investor Advisory Group.

The Public Company Accounting Oversight Board has entered into an arrangement with the Hellenic Accounting and Auditing Standards Oversight Board relating to the oversight of audit firms.