Audit & Accounting

The Public Company Accounting Oversight Board is continuing to find a high degree of problems in audits of broker-dealers, despite some improvements, according to PCAOB member Jeanette Franzel.

Chinese affiliates of the four largest accounting companies and U.S. regulators have been discussing a settlement in a dispute over access to audit documents belonging to the firms’ clients.

Check out the digital edition of the June 2014 issue of Accounting Today.

The Financial Accounting Standards Board and the International Accounting Standards Board officially announced the formation Tuesday of a Joint Transition Resource Group for Revenue Recognition.

Some of the major accounting firms and the American Institute of CPAs are planning to publish materials to help accountants and companies deal with the new revenue recognition standards.

Public companies have begun filing their first set of reports on so-called “conflict minerals” with the Securities and Exchange Commission to meet a deadline Monday, but advocacy groups are finding the reports are not providing much information so far.

What if golfers used something like GAAP to keep their scores?

Public Company Accounting Oversight Board Chairman James Doty said in a speech in early May that he is concerned about cuts in audit fees having an impact on the quality of audits as the auditing practice becomes a declining part of the revenue at accounting firms.

With 11 overall new Securities and Exchange Commission clients and a net gain of eight, Top 10 Firm BDO led the nation’s large firms in the first quarter of 2014.

After-tax season review: An opportunity for improvement!