Audit & Accounting

Chief audit executives are increasingly using strategies to drive up efficiency in the internal audit process, including a “one-to-many approach.”

The Governmental Accounting Standards Board voted unanimously Monday not to delay the implementation date of its new pension accounting and financial reporting standards, despite requests from various groups for an indefinite delay.

The representation of women within the leadership of public accounting firms is too low, according to Jeanette Franzel, a member of the Public Company Accounting Oversight Board.

A growing number of new chief audit executives are coming from outside the internal audit profession as organizations demand more diverse business skills to confront new strategic risks, according to a new report.

Public Company Accounting Oversight Board member Jay Hanson said he would like to see the PCAOB change the format of its inspection reports, including reducing the use of terms such as “audit failures.”

Awards, spring webinars and more…

The American Institute of CPAs’ Conflict Minerals Task Force has developed nonauthoritative guidance to help companies deal with the conflict minerals reporting requirements of the Dodd-Frank Act and Securities and Exchange Commission regulations.

The Financial Accounting Standards Board issued guidance Thursday to make it easier for private companies to report on consolidation of variable interest entities.

The Public Company Accounting Oversight has announced the dates of its annual forums for auditing firms that work in the small business environment and on audits of smaller broker-dealers.

The Financial Accounting Standards Board and the International Accounting Standards Board remain at odds over crucial elements of their lease accounting standards after joint meetings this week, but said they are still committed to reducing the distinctions.