Audit & Accounting

The United Kingdom’s Financial Reporting Council has launched an investigation into whether PricewaterhouseCoopers’ U.K. firm was independent when it conducted an audit of a company on which one of its former partners later joined the board.

The Financial Accounting Standards Advisory Council, the main advisory group for the Financial Accounting Standards Board, has released the results of a recent survey soliciting views about FASB’s future agenda, revealing pent-up demand for addressing issues such as financial disclosures, hedging and simplification of FASB’s Codification of U.S. GAAP.

Accounting Today has chosen its list of the Best Firms to Work For in 2013.

RoseRyan’s 20 libations, NJSCPA Tuesday Twitter Tips and more…

Financial Accounting Standards Board chairman Russell Golden marked FASB’s 40th anniversary in his first major speech since taking over the chairmanship in July, outlining the changes he plans for the standard-setting board.

The Financial Accounting Standards Board voted Wednesday to issue an exposure draft with proposals to improve financial reporting about public and private development-stage entities., easing the requirements for revenue recognition and measurement and other areas

Computer system developer System76 Inc. has launched BeansBooks, a new cloud accounting platform designed for small businesses which focuses on clean interfaces, practical processes and concise reports.

During the 2013 proxy season, the majority of Fortune 100 companies disclosed more information about their audit committees and external auditors than is required, according to a new report by Ernst & Young.

Accounting firms need to offer their clients more higher-level advisory services, according to technology consultant Gary Boomer.

The struggle to attract and retain talent, and interest in leveraging the cloud, are among the most important trends that accounting firms need to adapt to, according to Boomer Consulting’s Jim Boomer and Sandra Wiley.