Audit & Accounting

The Securities and Exchange Commission has voted unanimously to propose rules under the JOBS Act allowing companies to offer and sell securities through crowdfunding.

Deloitte & Touche LLP has agreed to pay $2 million to settle charges with the Public Conpany Accounting Oversight Board for violating the Sarbanes-Oxley Act and PCAOB rules by allowing a former partner to perform or continue to perform activities as an “associated person” that were prohibited while he was subject to a PCAOB suspension order.

The American Institute of CPAs has faced a hectic year dealing with problems like the last-minute fiscal cliff deal that delayed tax season, along with the after-effects of Superstorm Sandy and the impact of changes at the Internal Revenue Service that made life difficult for many tax practitioners.

Accounting Today named the Best Firms to Work For 2013 during its annual Growth & Profitability Summit on Monday.

Accounting Today began its annual three-day Growth & Profitability Summit in Orlando, Fla., on Sunday with a pair of insightful keynote speeches by Krista McMasters, CEO of McMasters Consulting and former CEO of top-ranked CPA firm Clifton Gunderson, and Jay Nisberg, president of the consulting firm Jay Nisberg & Associates, with both speakers highlighting the changing dynamics of managing an accounting firm and CPA practice.

New Web sites, CPE Credits and more …

The International Federation of Accountants has issued a policy paper that stresses the importance of reporting on broad-based information beyond what is traditionally included in financial reporting.

There was lots of vendor and consultant news over the past week, but overall we want to know what’s up with all the funding going into cloud accounting software, and where exactly does Intuit factor in?

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.