Audit & Accounting

The Cleveland-based CPA firm Skoda Minotti is facing a lawsuit from a group of depositors who lost their money after the collapse of a credit union that the firm had been auditing.

The Financial Accounting Standards Board is getting ready to unveil a set of proposals that could have a major impact on the way nonprofit organizations present their financial statements.

The Public Company Accounting Oversight Board has scheduled a meeting for next Tuesday where it will vote on adopting a reorganization of auditing standards.

The Association of Chartered Certified Accountants has produced a new series of reports in collaboration with the Economic and Social Research Council investigating the dynamics between corporate culture and regulations and the link to dysfunctional behavior in organizations.

The Sustainability Accounting Standards Board has released a set of provisional sustainability accounting standards for “resource transformation” industries such as aerospace and chemicals.

Investors should pay closer attention to the Other Comprehensive Income statement on financial reports, suggests a new study.

The Institute of Internal Auditors has released an updated look at continuous auditing, providing guidance to chief audit executives on what technologies are available for continuous auditing, and how continuous auditing relates to management’s risk management, risk assessment and monitoring activities.

Payroll: Cash Machine?

For the second year running, national firm BDO USA has racked up the most new SEC audit clients.

Fewer restrictions on shareholder participation correlate with a relatively low incidence of accounting restatements, according to a new study.