Audit & Accounting

The Public Company Accounting Oversight Board has released its latest inspection reports on Deloitte & Touche, Ernst & Young and Grant Thornton, and identified deficiencies with several of the audits it inspected.

Jill Martin has been named partner in the tax services group at ParenteBeard LLC.

The Financial Accounting Standards Board has released the 2013 U.S. GAAP Financial Reporting Taxonomy.

Grant Thornton reported global revenue growth of 10.4 percent in U.S. dollars, to a record $4.2 billion, for the year ended Sept. 20, 2012. Growth in local currency terms was even higher, at 13.2 percent.

Paul Beswick is the Securities and Exchange Commission’s new chief accountant.

The American Institute of CPAs has developed an online Audit Risk Assessment Tool to help focus in on the potential risk of material misstatements in a financial statement audit due to fraud or error.

The Securities and Exchange Commission has approved Auditing Standard No. 16, Communications with Audit Committees, as well as amendments to other standards from the Public Company Accounting Oversight Board.

A dose of this week’s office moves, tools, industry reports and charity updates.

The Financial Accounting Standards Board has released a proposal for comment to improve reporting on expected credit losses on loans and other financial assets held as investments by banks, financial institutions and other public and private organizations.

Interactive Data Corp., a provider of evaluated pricing, valuation and reference data services, has released a new set of enhancements to its fixed income transparency tool Vantage, which are designed to effectively meet requirements of both the buy-side and sell-side in the evaluated pricing process.