Audit & Accounting

The American Institute of CPAs’ Auditing Standards Board has issued a third exposure draft resulting from its Attest Clarity Project, in an effort to address concerns about the clarity, length and complexity of the attestation standards for CPAs.

The Public Company Accounting Oversight Board has released a Staff Audit Practice Alert to remind auditors to continue to follow the existing PCAOB standards when they are considering a company's ability to continue as a going concern.

The International Federation of Accountants’ Professional Accountants in Business Committee has issued guidance on developing and reporting supplementary financial measures that fall outside of GAAP.

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The Accountants Confidence Index took a slight dip in September, countering a slight rise in August -- though both the short-term and the mid-term figures remained in sync.

The International Public Sector Accounting Standards Board has approved its Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities.

The majority of Australian accounting students are now foreign, The Australian Financial Review reports. 79% of Australian graduate accounting students hailed from overseas in 2013, with 55% of international students comprising undergraduate scholars in the field as well. Accounting was only behind business and management enrollment for international students in the Australian collegiate system last year.

The Private Company Council, the standard-setter for privately held companies, voted Tuesday to finalize an alternative that would exempt private companies from separately recognizing and measuring non-competition agreements and customer-related intangible assets that are not capable of being sold or licensed independently in a business combination.

PricewaterhouseCoopers has released a new report on how internal auditors can take advantage of metrics to get better results.

The American Institute of CPAs has reorganized some of the content of its auditing and attestation standards.