Audit & Accounting

The Public Company Accounting Oversight Board posted settled disciplinary orders Friday involving three auditing firms and three people associated with them, charging them with violating the federal securities laws in addition to PCAOB auditing standards and rules in the audits of 10 public companies.

ACL has released upgrades to its cloud-based risk management, audit management, and compliance offering ACL GRC and its flagship data analytics software ACL Analytics.

The Institute of Management Accountants has become a member of the International Federation of Accountants, reflecting the growing importance of management accountants in the global economy.

A group of corporate governance and policy organizations is urging audit committees at public companies to strengthen their public disclosures so they can convey key elements of their critical work to investors and stakeholders more effectively.

The Securities and Exchange Commission and the Public Company Accounting Oversight Board are expanding their efforts to deter accounting fraud, reaching out to academics, practitioners and others to find ways to better detect accounting fraud.

The International Accounting Standards Board has introduced a new hedge accounting model as a major step forward in the financial instruments project on which it has been collaborating with the Financial Accounting Standards Board.

Paychex Inc. has officially introduced Paychex Accounting Online – a secure cloud accounting offering aimed at small businesses and powered by strategic partner Kashoo.

Xero has added new features to its cloud accounting software designed to make managing finances and related financial documents in the cloud easier for accounting professionals and small businesses.

The Financial Accounting Foundation and the Financial Accounting Standards Board have launched a new section on the FAF Web site that features audio, transcripts and photos from the September’s FASB@40 Conference hosted in New York to commemorate the FASB’s 40th anniversary.

The chairmen of the Financial Accounting Standards Board and the International Accounting Standard Board appeared alongside each other Monday to discuss the status of their efforts to converge accounting standards over the past decade or more and their plans for the future as the convergence effort appears to be running out of steam.