Audit & Accounting

The Financial Accounting Standards Board and the International Accounting Standards Board are revealing further details about their long-stalled plans for creating a Disclosure Framework to help accountants decide on which notes to include with financial statements.

The Securities and Exchange Commission has appointed Mark Kronforst as chief accountant of its Division of Corporation Finance.

Auditors filed fewer going concern opinions about companies last year, according to a new analysis of fiscal year-end 2012 filings, but that was largely due to company attrition rather than improved company performance.

The accounting profession and employers should work more actively to get accountants ready for finance leadership roles such as CFOs, according to a new study.

The Public Company Accounting Oversight Board voted Thursday to adopt two attestation standards pertaining to audits of brokers and dealers, along with an auditing standard for broker-dealer audits.

Nearly seven out of 10 investors had confidence in the U.S. capital markets, according to a new survey by the Center for Audit Quality, and a record 79 percent had confidence in investing in U.S. publicly traded companies just prior to the government shutdown on October 1.

The Governmental Accounting Standards Board said Tuesday that it will provide live video webcasting of its in-person public meetings, beginning on October 30 and 31.

Only 27 percent of board members at public companies are in favor of the Public Company Accounting Oversight Board’s proposed changes to the auditor’s reporting model, according to a new survey by BDO USA.

The Public Company Accounting Oversight Board has scheduled an open meeting for Thursday to consider adopting attestation standards for auditors of brokers and dealers.

The IFRS Foundation Education Initiative said Monday it is publishing free downloadable teaching materials in all the languages of the United Nations, including Arabic, Chinese, English, French, Portuguese, Russian and Spanish.