Audit

The CAQ highlights nine areas auditors will want to pay particular attention to in the next audit cycle

The dizzying rise and rapid fall in the shares of drugmaker Valeant Pharmaceuticals International Inc. is eerily familiar to Canadian investors still smarting from the last time a small market was dominated by single stocks—BlackBerry Ltd. and Nortel Networks Corp.

There is a powerful alternative that is increasingly being used to deal with excess problematic inventory: corporate barter.

A long time ago in a galaxy far, far away… there was more than likely fraud and payment errors in accounts payable processes within the Death Star.

Internal auditors with advanced levels of education, training and certification are seeing bigger salaries, according to a new survey.

The Anti-Fraud Collaboration introduced a free set of online self-study courses Tuesday for corporate ethics training that can provide continuing professional education credit.

Three former top executives of Dewey & LeBoeuf LLP avoided potential prison terms after a Manhattan jury failed to agree on whether they lied to investors in the run-up to the largest law-firm bankruptcy in history.

The International Federation of Accountants expressed support for a United Nations agreement on climate change as the U.N. works to reduce carbon emissions.

The Public Company Accounting Oversight Board issued a report Thursday warning about significant deficiencies it is seeing in auditing firms’ assessment of risks in their clients.

The Governmental Accounting Standards Board has proposed new guidance to help state and local governments that participate in certain multiple-employer pension plans meet the reporting requirements of GASB’s pension standards.

An overwhelming majority of corporate board directors oppose the Securities and Exchange Commission’s proposal to require mandatory disclosure of communications between audit committees and auditors, according to a new survey.

Ernst & Young LLP took Bernie Madoff at his word when it signed off on audits of a fund that helped feed the biggest Ponzi scheme in U.S. history.

The number of accountants who belong to professional accounting organizations that are members of the International Federation of Accountants grew 16 percent from 2.4 million to 2.8 million between 2009 and 2013.

The Financial Accounting Standards Board’s 2007 standard on accounting for uncertainty in income taxes, FASB Interpretation No. 48, or FIN 48, has helped discourage companies from using tax reserves to manage their quarterly earnings reports, according to a new study.

Financial restatements can prompt similar companies to misstate their own earnings, according to a new study.

The Center for Audit Quality has released two new member alerts to help public company auditing firms address potential risks during the upcoming audit cycle.

Public companies paid an average of $1.5 million in audit fees last year, according to a new report, with a median audit fee of $402,812, representing a median increase of 3.4 percent over the audit fees they paid in 2013.

Thomson Reuters has added content to its Checkpoint Catalyst research system on the Financial Accounting Standards Board’s financial reporting requirements.

The Securities and Exchange Commission has charged two former top executives at OCZ Technology Group Inc. for accounting failures at the now-bankrupt seller of computer memory storage and power supply devices.

More than 20 percent of corporate board directors said their boards have been approached by activist investors during the past year, according to a new survey, but 46 percent of those polled have no plan in place for responding to activist investor challenges.