Audit

The Public Company Accounting Oversight Board issued a disciplinary order permanently barring CPA David A. Aronson from associating with a registered public accounting firm, and permanently revoking the registration of his firm, David A. Aronson CPA PA.

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

Between HBO’s Silicon Valley, news of tech startups going public at premium valuations, and the allure of all-inclusive corporate campuses, the tech industry has never been hotter. For accountants, opportunities in the sector promise a mix of enjoyable work environments, significant growth prospects, and a change into something more dynamic than traditional public accounting.

Paul Pacter speaks up for IFRS

Accounting Today editor-in-chief Dan Hood is haunted by some scary Halloween spirits while previewing the October issue.

The Securities and Exchange Commission has charged Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited with auditor independence violations.

Mike Lynch, the founder of U.K. software company Autonomy, accused Hewlett-Packard Co. of damaging his career with false statements in the fallout from the two companies’ $10-billion merger that has been marred by a massive writedown and allegations of accounting fraud.

Toshiba Corp. said it has identified 30 more executives involved in an accounting scandal that has already led to resignations of three former presidents and reduced reported profit by about $1.3 billion.

The Public Company Accounting Oversight Board released a document Thursday describing its main objectives, focus and scope when inspecting audit firms this year.

Changing timeliness from a black mark to a hallmark

The Governmental Accounting Standards Board has issued a proposed Implementation Guide containing questions and answers aimed at clarifying, explaining and elaborating on recent GASB standards.

The Securities and Exchange Commission has charged five Florida residents—including an accountant and two lawyers—with insider trading ahead of the acquisition of Pharmasset by Gilead Sciences.

The Financial Accounting Standards Board has issued a proposed accounting standards update to improve the guidance on collectibility, noncash consideration, and completed contracts at transition in the new revenue recognition standard.

The Securities and Exchange Commission announced that Trinity National Corp. and wholly owned subsidiary Los Alamos Bank, have agreed to pay $1.5 million to settle charges of accounting fraud.

The Securities and Exchange Commission is looking for public comment on the effectiveness of the financial disclosure requirements in Regulation S-X.

FASB released an accounting standards update that eliminates the requirement to retrospectively account for adjustments made to provisional amounts recognized in a business combination.

The Securities and Exchange Commission has filed financial fraud charges against four former officers of SMF Energy Corp., a bankrupt Fort Lauderdale, Fla., fuel transport company.

Yigal M. Rechtman of Grassi & Co. recently concluded a fraud investigation involving a cash-skimming scheme. Here he shares his findings to help give tax professionals performing audits new perspective.

The International Federation of Accountants has released a Guide to Compilation Engagements to help accountants in small and midsize practices.

The Sustainability Accounting Standards Board has issued provisional standards for eight more industries.