Audit & Accounting

The Public Company Accounting Oversight Board has issued a formal policy statement in an effort to get more cooperation from public accounting firms in assisting with the PCAOB’s investigations of their audits.

Free online accounting software maker Wave is now offering an iOS payroll tool as a companion app to their online payroll product.

Microsoft confirmed it is trying to establish a BPO program for accounting firms behind cloud versions of its Dynamics NAV and GP ERP products.

Top 20 Firm Baker Tilly Virchow Krause LLP is expanding its presence in the New York City market by merging with local Top 100 Firm Holtz Rubenstein Reminick LLP.

The Financial Accounting Foundation’ board of trustees has named Russell G. Golden as the next chairman of the Financial Accounting Standards Board, succeeding Leslie Seidman, whose term will end on June 30.

The Governmental Accounting Standards Board has approved a new standard that provides accounting and financial reporting guidance to state and local governments that offer nonexchange financial guarantees and governments that receive guarantees on their obligations.

The Financial Accounting Standards Board has issued an Accounting Standards Update aimed at improving financial reporting by clarifying when and how public and private companies and not-for-profit organizations should prepare statements using the liquidation basis of accounting.

Deloitte Touche Tohmatsu CPA Ltd. lost a bid to delay a lawsuit brought by the Securities and Exchange Commission seeking documents in an investigation of the auditor’s former client Longtop Financial Technologies Ltd.

CPA technology thought-leader James Bourke identifies three trends that every accounting firm needs to pay attention to.

Jeffrey Bolton, CPA, a partner and co-founder of Gulf Coast Regional Leader Daszkal Bolton LLP, died on April 19 in a swimming accident in the Bahamas.