Audit

The American Institute of CPAs’ Conflict Minerals Task Force has developed two new Q&A documents on conflict mineral disclosures mandated under the Dodd-Frank Act.

The Institute of Internal Auditors has issued a practice guide for providing competent internal audits in the public sector.

The AICPA announced the launch of a new site today, cpapowered.org, which emphasizes the value CPAs can provide to the nation’s 28 million small businesses on strategic planning, compliance reporting and financial management. It is an expansion of the AICPA’s "#CPAPOWERED campaign," created last year to highlight CPAs’ expertise.

The Financial Accounting Standards Board and the International Accounting Standards Board have been holding a series of meetings of their Joint Transition Resource Group as they prepare for implementation of their converged standard on revenue recognition.

The American Institute of CPAs has opened a new Web site that showcases the value that CPAs can provide to small business clients.

Massachusetts CPAs who are still digging out from a record-shattering wave of heavy snowstorms this winter may have one thing to cheer: a new benefits package of health and dental insurance, along with other services, offered by the Massachusetts Society of CPAs.

Two former CFOs of a Silicon Valley technology company have agreed to return nearly a half-million dollars in bonuses and stock sale profits they received while their company was committing accounting fraud, in a settlement with the Securities and Exchange Commission.

The International Accounting Standards Board has published a set of proposals for clarifying how entities classify debt, especially when it comes up for renewal.

Bernadine Gines evolved in the face of racism, sexism and became an inspiration to young finance professionals

Cathy Engelbert has been elected as the first female chief executive officer at the Top Four Firm.

On Monday, the AICPA announced that Cathy Engelbert will serve as the new CEO of Deloitte, effective March 11, replacing interim chief executive officer Frank Friedman.

Financial Executives International has sent a letter to the Financial Accounting Standards Board taking issue with FASB’s recent proposed changes in the accounting standards for income taxes.

Minority based internship programs, community service and more …

The Securities and Exchange Commission has imposed sanctions against four China-based accounting firms that had until recently refused to turn over documents related to investigations of potential accounting fraud.

India’s Ministry of Corporate Affairs has released a revised roadmap for implementation of Indian Accounting Standards as part of its effort to converge with International Financial Reporting Standards.

The Securities and Exchange Commission voted Wednesday to approve the Public Company Accounting Oversight Board’s 2015 budget and annual accounting support fee, which were both lower than last year.

The Institute of Internal Auditors is sending out a survey in 23 languages to internal auditors around the world in an effort to gauge the opinions of audit professionals across the globe.

The Financial Accounting Standards Board has issued an exposure draft of two proposed accounting standards updates that would affect the accounting for income taxes for businesses.

Audit committees across the globe cited economic and political uncertainty and volatility, regulatory compliance, and operational risk as the greatest challenges for companies in the year ahead, according to a new survey from KPMG.

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