Audit & Accounting

A roundup of audit & assurance news from the previous month

A new report from the Public Company Accounting Oversight Board found that firms that audit 100 or fewer public companies showed a reduced rate of reported deficiencies in their 2007 through 2010 inspections, but in 2011, the rate of deficiencies showed little sign of declining.

Tax Freedom Day report is on its way, Plante Moran named employer of the year, BeachFleischman has launched an anti-fraud service and more...

The Financial Accounting Standards Board has voted to extend the comment deadline for a much-debated proposal on credit losses and loan impairments.

The top 10 issues that are most likely to prompt an indirect tax audit, when uncovered, according to the Tax & Accounting business of Thomson Reuters:

Microsoft Dynamics GP partner The Resource Group will launch a series of webcasts beginning April 10, designed to educate companies about the hidden costs of entry-level accounting systems.

A recent academic study suggests that adopting a conservative accounting style can hinder a company’s ability to innovate.

An anti-fraud group has released the first of a series of new case studies aimed at teaching audit committees, financial executives and auditors where and how fraud can arise.

International association of independent accounting firms Enterprise Worldwide has partnered with Canadian firm association Porter Hétu International.

The Internal Revenue Service has released its annual “Dirty Dozen” list of tax scams, advising taxpayers to be aware of identity theft, phishing scams and several other red flags that can cause financial mayhem.