Audit & Accounting

Russell Golden, the recently appointed chairman of the Financial Accounting Standards Board, discussed the road ahead for FASB after the board marked its 40th anniversary earlier this year as it continues its efforts to reach a consensus with the International Accounting Standards Board on their remaining convergence projects.

After dropping in September, the accounting profession’s expectations for economic growth rebounded this month, according to the October edition of Accounting Today’s monthly Accountants Confidence Index.

PricewaterhouseCoopers and Booz & Co. have signed a conditional agreement to merge, increasing the Big Four firm's presence in the consulting business.

The Public Company Accounting Oversight Board plans to turn its attention to auditing standards involving revenue recognition, according to one of the PCAOB members.

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A trio of new research studies support the Public Company Accounting Oversight Board’s proposal to require the identification of the lead auditor on public company financial reports.

Congress, not the Internal Revenue Service, is to blame for the recently announced postponement of the beginning of next year’s tax season, according to the National Association of CPA Practitioners -- and it called on the legislative branch to take quick action to prevent further delays.

The Public Company Accounting Oversight Board has issued an alert cautioning auditors about the significant number of audit deficiencies that the PCAOB staff has seen in the past three years related to audits of internal control over financial reporting.

The American Institute of CPAs’ Accounting and Review Services Committee has issued an exposure draft proposing three new and revised standards that would make significant changes in how accountants perform compilation engagements.