Audit & Accounting

Accounting firms are full of barriers to growth, many of which are invisible, and some of which may spring from the owners themselves, according to growth consultant Angie Grissom.

The XBRL International Standards Board is forming a global Corporate Actions Working Group to standardize the transmission of corporate action events in Extensible Business Reporting Language, or XBRL.

The Governmental Accounting Standards Board voted unanimously Wednesday to approve two exposure drafts proposing significant improvements to financial reporting by state and local governments of other post-employment benefits, such as retiree health insurance.

The Financial Accounting Standards Board and the International Accounting Standards Board have released their long-awaited converged standard on revenue recognition after more than a decade of effort.

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The American Institute of CPAs is working with the College Board to develop an advanced placement course in accounting for high school students.

The Center for Audit Quality plans to fund four new academic research projects after requesting proposals last December.

The Securities and Exchange Commission charged the former chief risk officer at Deloitte LLP with violating auditor independence rules by accepting casino markers from a casino gaming company client.

Rep. Jim Renacci, R-Ohio, a CPA, has introduced a bipartisan bill to bring more accountability and transparency to the federal government’s financial statements by making the Federal Accounting Standards Advisory Board more independent.

The International Ethics Standards Board for Accountants has released for public comment an exposure draft on proposed changes to certain provisions of the ethics code related to non-assurance services for audit clients.