Audit

PricewaterhouseCoopers has been working on ways to soup up its audit practice by leveraging data analytics technology.

My last column addressed the importance of controls when trying to get a client. But it is also important to retain the client. A good system that is not monitored is a sure way to not only lose the client, but be kept awake at night.

Financial Accounting Standards Board chairman Russell Golden and technical director Susan Cosper discussed FASB’s upcoming leasing, classification, impairment and hedge accounting standards during a conference in New York, along with the board’s plans for future standards.

Ernst & Young LLP was found liable by a jury for its failure to vet financial audits backed by con man Bernie Madoff’s accountant in the first trial of an auditor over losses tied to the biggest Ponzi scheme in U.S. history.

The Financial Accounting Standards Board has issued a proposed accounting standards update to increase transparency about government assistance to businesses.

Don’t expect to find these rarely seen accounting movies on Netflix or TCM. They never won more than a cult following, much less an Academy Award, perhaps because of an unfortunate resemblance to previous Oscar winners.

The accounting profession is strongly linked to national economic growth and improved living standards and is estimated to contribute $575 billion annually to the global economy, according to a new report.

Thomson Reuters has released PPC’s Practice Aids for Audits Performed under International Standards, providing audit programs, checklists, confirmations, and auditor’s reports for performing complex audits in accordance with International Standards on Auditing.

The Financial Accounting Standards Board voted Wednesday to proceed to issuing a final standard on its long-delayed project for overhauling the accounting for leases and set the dates for when the new standard will take effect.

Check out the digital edition of the November 2015 issue of Accounting Today.

Finance leaders are under pressure to better manage margins and earnings performance, cash flow and cybersecurity, according to a new survey.

The Public Company Accounting Oversight Board has released a report on its 2014 inspection of KPMG LLP, finding deficiencies in 28 of the 52 audits it reviewed.

The International Organization of Securities Commissions is encouraging audit firms to be more transparent to investors about their practices by producing a new kind of report.

Toshiba Corp. sued three former presidents as the maker of personal computers and power plants tries to recover from accounting irregularities that have led to profit write-downs of more than $1.2 billion over almost seven years.

A key accounting safeguard intended to protect U.S. investors who buy shares of Chinese companies is close to unraveling.

Your business clients need the right real-time insight

A new study predicts the Securities and Exchange Commission’s final regulations on clawbacks of incentive based compensation for corporate executives could backfire and only encourage companies to avoid the kinds of financial restatements that might trigger a clawback.

To Paul Pacter: It's the ends that matter, not the means

As the assumptions underpinning Valeant's growth story quickly unravel, attention has quickly turned to the company's accounting and its deviation from standardized accounting measures.

The International Federation of Accountants has published a paper calling for more “integrated thinking” by accountants.