Audit & Accounting

The Canadian Securities Administrators, an umbrella organization of Canada’s provincial and territorial securities regulators, has proposed changes to its auditor oversight rules with the goal of giving securities regulators more insight into situations where Canada’s audit firm regulator has imposed sanctions on an audit firm.

BDO USA once again took the top spot among major firms in our quarterly ranking of new Securities and Exchange Commission audit clients, this time with a whopping 36 net new clients -- the result, largely, of a number of major mergers the firm completed over the summer.

The career outlook for women in finance and accounting has improved in the last 10 years, according to a new survey of CFOs by the staffing company Robert Half.

The American Institute of CPAs’ Financial Reporting Executive Committee has submitted a comment letter to the Financial Accounting Standards Board and the International Accounting Standards Board suggesting changes in the latest proposals for lease accounting standards.

Deloitte has launched US GAAP Plus, a new Web site that provides news, publications and project updates about U.S. and international accounting standard setting.

The Institute of Management Accountants has opened a new Competency Crisis microsite and community designed to give a variety of accounting and finance stakeholders, including professionals, students, employers and academics, a forum to discuss the issue of the talent gap in the accounting profession and come up with potential solutions.

Internal auditors, external auditors, board members and financial executives disagree over who has responsibility for deterring and detecting financial statement fraud, according to a new report.

The United Kingdom’s Competition Commission has published its final report on the audit market, proposing that publicly listed companies to put their audit contracts out for bid at least every 10 years.

The Olympics are the biggest international sporting sport event, with athletes from more than 200 nations participating in what are generally considered the most important competition in the world. But are they worth it to the host city and country in terms of the budget and the eventual enormous expenditures?

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