Audit

The Public Company Accounting Oversight Board has scheduled an open meeting for next Tuesday to consider the issuance of a supplemental request for comment on rules to require disclosure of certain audit participants and a concept release on audit quality indicators.

The Institute of Internal Auditors is releasing a new whitepaper describing 10 imperatives for internal auditors.

The American Institute of CPAs has published a new guide to help CPAs interpret and apply Statement on Standards for Accounting and Review Services No. 21.

The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board, announced Wednesday the membership of the Accounting Standards Advisory Forum for the next three years.

Thomson Reuters has released the 2015 editions of its series of audit guides and related practice aids.

The European Commission has issued a report evaluating the use of International Financial Reporting Standards over the past decade in the European Union.

The outlook from U.S. CFOs on the financial prospects for their own companies is the brightest in years, according to a new survey.

The Institute of Internal Auditors has begun publishing a series of reports under the title, “Global Perspectives and Insights,” to provide thought leadership on issues of interest to audit practitioners.

Asia’s largest commodity trader Noble Group Ltd. took on its critics with an open letter defending its accounting methods and valuations of a coal asset.

Companies that plan to sell or spin off part of their business should be aware of some recent changes in accounting standards for “discontinued operations” that are taking effect this year.

Top 100 firm WithumSmith+Brown’s partner, Edward Mendlowitz, came up with the idea to highlight accountants on trading cards, just like the ones you swapped out and played with as a kid when baseball cards were a thing. They teamed up with The Topps Company, Inc. to create a series of accounting trading cards commemorating accountants from the past.

The Securities and Exchange Commission has upgraded its EDGAR online system for financial filings and will no longer support an older version of the U.S. GAAP financial reporting taxonomy.

Investors and regulators are hoping to see the Financial Accounting Standards Board and the International Accounting Standards Board somehow reconcile their differing approaches to accounting for loan impairments and credit losses in their financial instruments project.

I’ve worked to identify vendor risk and help companies prevent fraud as a certified fraud examiner for almost 10 years, and it’s given me a unique perspective on how fraud is perpetrated. The fact is, it’s easier for someone to “turn to the dark side” and decide to commit corporate fraud than you may think. Here’s what they could do.

The Governmental Accounting Standards Board is proposing new recognition and measurement guidance for governments that benefit from irrevocable split-interest agreements.

The Institute of Internal Auditors and the Association of Chartered Certified Accountants have signed a memorandum of understanding aimed at advancing internal auditing and accounting practices globally.

The Financial Accounting Standards Board has issued two proposed accounting standards updates with the goal of simplifying employee share-based payment accounting and the equity method of accounting for investments.

Lixil Group, the Japanese company that owns the American Standard brand of toilets, sinks and other bathroom fixtures, is seeing its profits go down the drain after the company reported accounting problems last week.

James Schnurr, chief accountant in charge of the Security and Exchange Commission’s Office of the Chief Accountant, said he disagrees with a former SEC chairman about abandoning convergence with International Financial Reporting Standards.

Costs associated with the finance and accounting function are increasing for many companies as the talent shortage intensifies, according to a new report.