Audit & Accounting

Robert Herz, the former chairman of the Financial Accounting Standards Board, discusses his new book, "Accounting Changes," including the lessons learned from the financial crisis, the reasons behind his sudden retirement from FASB, the many roles he has been filling since he left FASB, along his accomplishments (and a few regrets) from his time at FASB.

The American Institute of CPAs has introduced a new certificate program for accounting firms expanding their financial forensics practice.

The Public Company Accounting Oversight Board released a report Tuesday on its 2012 inspection of Deloitte & Touche LLP, indicating that it found problems in 12 of the 51 audits performed by the firm that it inspected and in one other audit in which the firm was involved.

Former Financial Accounting Standards Board chairman Robert Herz discusses his new book, "Accounting Changes," along with where he sees FASB and the IASB's convergence effort going, his experience at Coopers & Lybrand with structuring transactions, and how "Bad Bob" went from being a "poacher" to a "gamekeeper" to a standard-setter.

Scholarships, office relocations and more...

Don't worry if you haven't been paying much attention to news in our space this week, there really wasn't much beyond Intuit finally making(or appearing to make) plans to reach more global customers and is reorganizing to do so.

The Public Company Accounting Oversight Board said Friday that it has entered into a memorandum of understanding on enforcement cooperation with the China Securities Regulatory Commission and the Ministry of Finance, in a breakthrough on a long-running priority for the PCAOB that also stops short of inspections.

The Public Company Accounting Oversight Board has made public previously confidential quality control criticisms from its 2009 inspection of Ernst & Young LLP after finding that the firm failed to address them to the board’s satisfaction.

A post-implementation review of the Financial Accounting Standards Board’s business combinations standard found lingering questions in the minds of some investors, particularly about fair value, despite improvements in the usefulness of the information.

Serenic Corp. has released Serenic Navigator 2013, which applies recent updates from Microsoft Dynamics NAV 2013 technology and functionality.