Audit

The Public Company Accounting Oversight Board has entered into a cooperative arrangement with Luxembourg’s audit regulator, the Commission de Surveillance du Secteur Financier of Luxembourg, relating to the oversight of audit firms subject to the regulatory jurisdictions of both regulators.

U.S. Securities and Exchange Commission Chair Mary Jo White is facing pressure to recuse herself from picking the next head of the regulator that polices accountants because of a potential conflict with her husband’s legal work.

How proactive accounting can help deter activist campaigns

The Institute of Management Accountants has published a new Statement on Management Accounting on Implementing an Effective Risk Appetite to help businesses identify their key risk exposures.

The Securities and Exchange Commission imposed sanctions Thursday against a Florida-based CPA for performing deficient and fraudulent audits and quarterly reviews for eight publicly traded companies, and issuing false and misleading audit opinions on the companies’ annual financial statements.

Investors place the greatest trust in independent auditors, according to a new survey by the Center for Audit Quality.

The Association of Chartered Certified Accountants has teamed up with the United Nations Children’s Fund in an effort to show companies how to improve children’s rights around the world, while also expanding its efforts to educate accountants in the U.S. and abroad.

Pressures are growing quickly around the world for internal auditors who work in the financial services industry, according to a new report.

The chairmen of the two organizations responsible for the creation of IFRS argue the value of the standards to the public in a new publication.

Between legislative changes and proposed rules and guidance issued by government agencies at the federal, state, and local levels, business owners have a lot of red tape to navigate and understand.

The International Accounting Standards has issued an amendment to its revenue recognition standard, IFRS 15 Revenue from Contracts with Customers, formalizing the deferral of the effective date by one year until 2018.

The Securities and Exchange Commission filed accounting fraud charges against two former top executives of a now-bankrupt online video management company, accusing them of falsifying financial statements to make the company appear more profitable than it was in reality.

The pace of new hiring for accounting and finance jobs is expected to hit its highest level this year during the fourth quarter within certain markets, according to a new report.

The Institute of Internal Auditors has sent a letter to the Securities and Exchange Commission calling on the SEC to require internal audit functions for all publicly traded companies.

The Securities and Exchange Commission will be poring over the comments it received on its recent proposal to toughen audit committee disclosures after the comment deadline expired Tuesday.

BDO USA has agreed to pay $2.1 million to settle charges from the Securities and Exchange Commission that the firm dismissed a number of red flags and issued false and misleading unqualified audit opinions about the financial statements of a staffing services company, General Employment Enterprises.

The Securities and Exchange Commission has charged Bankrate and three of its former executives with accounting fraud.

Much of an accountant’s work is done at the client’s premises. However, whenever we are there, it is an intrusion on their routine. We need to remember we are guests and should remain “out of sight.” Well, let me tell you what happened early on in my career.

Certify, a company that specializes in expense management software, wants to draw attention to the problem of expense report fraud.

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