Audit & Accounting

The International Auditing and Assurance Standards Board has released newly revised standards for overhauling auditor reports, with the goal of enhancing the auditor’s report for investors and other financial statement users.

J Sainsbury Plc will appoint Ernst & Young LLP as auditor, ending a relationship with PricewaterhouseCoopers LLC dating back about two decades.

John Veihmeyer, the global chairman of KPMG and chairman and CEO of KPMG in the U.S., has joined the board of trustees of the Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board and the Governmental Accounting Standards Board.

The AICPA and American Accounting Association (AAA), the founding co-sponsors of the Pathways Commission on Accounting Higher Education, announced major developments in the implementation of the Commission’s recommendations on Thursday.

This morning, the AICPA released the results of their PFSi (Personal Financial Satisfaction Index)—a new gauge that weighs a variety of economic factors to calculate the financial standing of typical Americans. The findings saw an overall financial satisfaction into positive territory for the first time since the financial crisis.

Four of the International Federation of Accountants’ standard-setting boards are looking for new members with the right stuff.

A group calling itself the National Academy of Public Accounting Professionals is now accepting nominations for the 2015 "Top 10 Public Accounting Professionals" awards in each state.

The AICPA is set to release the results of the AICPA PFSi (Personal Financial Satisfaction Index), a new economic gauge that measures the personal financial standing of typical Americans, at 7:00 a.m. EST, Thursday, January 15.

David J. Moynihan, a past president of the New York State Society of CPAs and audit partner at the Bonadio Group’s Syracuse office, died early Friday morning after a nearly year-long battle with cancer.

The Public Company Accounting Oversight Board has updated its standard-setting agenda after undergoing criticism that it is not moving faster on releasing new standards.