Audit

H&R Block is looking for accountants, bookkeepers and salespeople to join its recently launched Block Small Business service.

Toshiba Corp. lost $2.8 billion in market value after the industrial and electronics group withdrew its earnings forecast pending an internal probe into improper accounting on infrastructure projects.

The International Federation of Accountants has released a new thought paper offering advice on risk management.

Securities and Exchange Commission chief accountant James Schnurr is rethinking a proposal he made last December that the SEC allow U.S. companies the option of providing some information, such as revenues, using International Financial Reporting Standards as a supplement to U.S. GAAP without requiring reconciliation.

The Public Company Accounting Oversight Board has issued a communication to audit committees known as an Audit Committee Dialogue, promising it will be the first in a series to provide insights from inspections of public company auditors that may be helpful to audit committee members in their oversight of auditors.

A new study questions the wisdom of the Financial Accounting Standards Board’s initiative to simplify accounting standards for private companies.

The International Ethics Standards Board for Accountants has re-exposed a proposed standard to guide auditors, other professional accountants in public practice, and professional accountants in business to help them decide how best to act in the public interest when they come across an act or suspected act of non-compliance with laws and regulations.

To many, “sustainability accounting” sounds like an oxymoron.

The Securities and Exchange Commission, which polices public companies’ financial reports, lacks internal controls over its own accounting, a government watchdog said Thursday.

Thomson Reuters has introduced PPC’s Guide to SSARS Preparation Engagements to explain the new financial statement preparation service introduced by the American Institute of CPAs’ Accounting and Review Services Committee.

PricewaterhouseCoopers’ latest Trendsetter Barometer—a quarterly survey of top executive officers at privately held U.S. businesses—has something positive in it for everyone, according to Ken Esch, the PwC Private Company Services partner who conducted the survey.

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

The lease accounting industry desperately needs disruption

Many large privately held companies are more profitable and are growing revenues faster than publicly traded companies in the U.S., according to new data.

The Securities and Exchange Commission voted Wednesday to propose rules to require companies to disclose the relationship between executive compensation and the financial performance of a company.

The International Federation of Accountants has convened the first meeting of a coalition of major accounting firms, civil society groups and international organizations to develop strategies to encourage high-quality public sector financial reporting, greater government transparency and accountability, and empowered citizen engagement.

The requirements in the Sarbanes-Oxley Act for outside audits of internal control may actually be penalizing companies that reveal problems with their controls, according to a new study.

The Financial Accounting Standards Board issued for public comment Wednesday a proposed accounting standards update that would defer the effective date of its new revenue recognition standard by one year.

Members of the International Forum of Independent Audit Regulators agreed in principle on the text of a multilateral arrangement for exchanging information about audit firms during a meeting in Taipei.

The International Accounting Standards Board voted Tuesday to propose a one-year deferral of the revenue recognition standard that the IASB converged last year with the U.S. Financial Accounting Standards Board.