Audit & Accounting

(Bloomberg) Camera and medical equipment maker Olympus Corp.’s former chairman Tsuyoshi Kikukawa pleaded guilty to covering up losses at the Japanese camera maker in an accounting fraud case that sparked criticism of ineffective corporate governance in Japan.

David Burns has joined BDO Capital Advisors LLC, the investment banking unit of BDO USA LLP, as managing director.

Celebrating its 10th anniversary this year, the Sarbanes-Oxley Act is provoking a retrospective look at the good and bad after-effects of the landmark legislation.

Edward Rigby has joined the tax services practice at ParenteBeard LLC as principal. Rigby will work out of the firm’s Clark, N.J. office.

The N.J. firm expands its offerings into a new niche with the acquisition of McGonigle & Co.

The majority of members of public company boards of directors are opposed to proposals for mandatory audit firm rotation, according to a new survey.

Randy Robason has been selected to lead Grant Thornton LLP’s International Tax practice.

A bill requiring federal agencies to place new controls on government charge cards and enforce more stringent penalties for violations by federal employees is on its way to President Obama for his signature, following final passage by Congress over the weekend.

The Public Company Accounting Oversight Board has reached a tentative agreement to begin observing Chinese regulatory authorities during inspections of auditing firms in China as a kind of “trust-building exercise.”

Recent network memberships, awards, new Web sites and more