Audit & Accounting

KPMG has resigned from its audits of the nutrition company Herbalife and footwear retailer Skechers after one of its senior auditors was discovered to be involved in insider trading.

Helen Brand, chief executive of the Association of Chartered Certified Accountants, talks about ACCA's alliance with the Institute of Management Accountants and how she views the international expansion efforts of the American Institute of CPAs.

Members of the Accounting Standards Advisory Forum held their inaugural meeting in London on Monday and Tuesday and signed a joint memorandum of understanding under which the standard-setters from around the world will provide advice to the International Accounting Standards Board.

The Internal Revenue Service is planning an 18 percent reduction in its audits of large businesses in the current fiscal year, according to a new report.

The former president and treasurer of the Washington, D.C., chapter of the Institute of Internal Auditors has been accused of embezzling over $30,000 from the organization.

Check out the digital edition of the April 2013 issue of Accounting Today.

An audit by the Government Accountability Office of the Securities and Exchanges Commission’s Investor Protection Fund financial statements for fiscal years 2011 and 2012 found two areas of significant deficiency in the SEC’s internal controls.

Product enhancements, partnerships, and pounding of the proverbial chest were abound over the past week -- all of this just as conference season is about to get into full swing, right after tax season of course.

The Securities and Exchange Commission reminded corporate filers Friday that the forthcoming release of its EDGAR financial statement database will support 2013 U.S. GAAP Taxonomy, but not the older 2011 taxonomy.

Accounting services and technology consultancy Armanino has selected to move its small business outsourcing clients from their current accounting platforms to Xero, making them the largest firm thus far to do so.