Audit & Accounting

The American Institute of CPAs has begun offering a forensic accounting mentorship program. The Certified in Financial Forensics Mentor Program is designed for AICPA members who want to develop their skills and business practices in forensic accounting with the help of more experienced forensic professionals.

Financial losses from social media are among the top concerns of internal auditors, according to a new survey.

More than half of compliance officers anticipate their personal liability will increase this year, according to a new survey.

Last November, the Financial Accounting Standards Board endorsed simplifying the accounting standards that private companies use in measuring and reporting goodwill, and FASB is currently looking into the possibility of changing the standards for public companies too.

Accounting Today is looking for speakers for its upcoming annual Growth & Profitability Summit.

NCCPAP sets up a Shiva for Shelley Kronowitz …

The New York State Society of CPAs is asking the Financial Accounting Standards Board to expand a proposal that would standardize the treatment of foreclosed properties when they are backed by a loan from the U.S. Department of Housing and Urban Development beyond the residential developments that were the focus of the original draft proposal.

The members of the American Board of Forensic Accounting, the advisory board behind the American College of Forensic Examiners Institute’s Certified Forensic Accountant credential, have unanimously resigned amid questions about the legitimacy of the credential and the organization behind it.

Shareholders at annual general meetings are expected to question management and board members about a number of hot topics this year, included audit firm tenure, COSO’s new internal control framework, mergers, spinoffs, cybersecurity, disaster planning and executive pay, according to BDO USA.

The International Financial Reporting Standards Foundation and the International Accounting Standards Board are reaching out to Islamic countries to elicit their support for IFRS, with a working group dedicated to making sure the standards don’t conflict with Sharia law.