Audit

Board members at nonprofit organizations are too far removed from some of their key governance responsibilities, according to a new survey by the accounting firm Marks Paneth.

The Sustainability Accounting Standards Board, a nonprofit organization that provides sustainability accounting standards that can be used on a voluntary basis by publicly listed U.S. corporations, has debuted a Data Provider Partner Program to give investors access to information on corporate sustainability performance.

Toshiba Corp. must correct at least 152 billion yen ($1.2 billion) of pretax earnings over a six-year period after an internal accounting probe revealed the company overstated profits under pressure from management.

A new academic study casts doubt on whether efforts to require companies to rotate their audit firms lead to greater professional skepticism on the part of auditors.

The ride-sharing app Uber is showing up more than taxis on employee expense reports, according to a new analysis.

The International Auditing and Assurance Standards Board has release its revised International Standards on Auditing to provide more focus on financial statement disclosures.

XBRL US has begun a public exposure period for rules developed by its Data Quality Committee, which aims to improve the quality of financial filings using the interactive Extensible Business Reporting Language format mandated by the Securities and Exchange Commission.

A 94-year-old man who was once a Waffen SS volunteer at Auschwitz was convicted for aiding in the murder of more than 300,000 Jews at the camp and sentenced to four years in prison.

Over the course of more than 40 years in practice and teaching both undergraduate and graduate accounting students, I have encountered some interesting, sometimes humorous definitions of some basic accounting terms.

Deloitte & Touche chairman and CEO Joe Ucuzoglu, who leads Deloitte’s audit practice, is preparing the firm for the audit demands of the future, with the help of sophisticated technology.

An accountant who helped Bernard Madoff fudge trading records to cover up fraudulent transactions in the biggest Ponzi scheme in U.S. history won’t be going to prison.

Over the years there has been no lack of TV series about the legal and medical professions, but for some reason the accounting profession has received relatively little attention. We think that should change and we have a few suggestions.

No doubt there are many fans of science fiction and fantasy among accountants, but what’s surprising is how many accountant characters there are in the genre.

The Financial Accounting Standards Board has voted to defer the effective date of the revenue recognition standard for one year.

The Public Company Accounting Oversight Board has sanctioned seven audit firms for violating independence requirements in connection with audits of brokers and dealers, and sanctioned engagement partners at two of the firms for causing the violations.

The Institute of Internal Auditors and the Auditing Roundtable, Inc. have signed a merger agreement after more than a year of negotiations.

Mary Schapiro, the former chair of the Securities and Exchange Commission has joined the governing board of the Center for Audit Quality.

The consulting and internal audit firm Protiviti has released its annual Internal Audit around the World outlook.

The American Institute of CPAs has posted new information on its Web site for auditors who are asking for further information from attorneys.

The Securities and Exchange Commission is increasingly relying on administrative hearings for its enforcement actions, according to a new report.