Audit & Accounting

The International Integrated Reporting Council has issued a consultation draft of its International Integrated Reporting Framework, which aims to create the foundations for a new reporting model that will enable a business to provide a concise communication of how it creates value over time.

The Financial Accounting Standards Board and the Private Company Council have released an invitation to comment on their proposed decision-making framework for determining when exceptions to accounting standards should be made for privately held companies.

SmartVault has enhanced its QuickBooks Online integration process from the initial account provisioning all the way through attaching a document to an entry.

A new study indicates that despite calls for greater auditor independence, investors prefer companies to be audited by the same firm that also provides it with tax services.

Editor-in-chief Dan Hood gives an executive summary of our April ACI.

The Securities and Exchange Commission has charged the former partner in charge of KPMG's Pacific Southwest audit practice and his friend with insider trading on nonpublic information about firm clients.

The Public Company Accounting Oversight Board plans to host six forums across the country on auditing in the small business environment, starting in June.

The Securities and Exchange Commission has voted unanimously to adopt rules requiring broker-dealers, mutual funds, investment advisers, and certain other entities regulated by the agency to adopt programs to detect red flags and prevent identity theft.

New accounting class-action lawsuit filings declined sharply last year after a spike in 2011, according to a new report, but settlement amounts in such cases have grown since 2011.

Free online accounting software maker Wave has added a receipt-scanning tool with companion mobile apps to their suite of small business offerings.