Audit

Prince Charles has issued a challenge to accountants worldwide to mark the tenth anniversary of his Accounting for Sustainability Project.

According to a new analysis published today by Concur, the leading provider of spend management solutions and services, the third Monday of December has consistently been the busiest expense (claims) day of the year

According to last year's Hollinden Professional Services Marketing Survey, in which firms are polled as to their active marketing, percentage of time spent on business development, and lead generation tactics, about 80% of firms invest only 5% or less of their gross revenue in marketing themselves.

Officials from the Financial Accounting Standards Board and the International Accounting Standards Board spoke about the path forward on harmonizing U.S. GAAP with International Financial Reporting Standards as the two boards near the end of their convergence efforts.

Last Wednesday, EY held their Diverse Abilities Leadership Summit at their Times Square office. The event was held to promote awareness and acceptance of people with differing abilities, and to "create opportunities for people of all abilities and the businesses which employ them," according to the event's program.

Securities and Exchange Commission officials told CPAs Monday that they are considering allowing U.S. companies to provide some information, such as revenue, in International Financial Reporting Standards as a supplement to their U.S. GAAP financials on a voluntary basis.

Nearly four out of five CPAs in public accounting believe they will play a key role in preparing their clients for complex challenges in the decade ahead but realize they must understand and embrace emerging innovations, according to a new study commissioned by CPA.com, the technology and business arm of the American Institute of CPAs

The Securities and Exchange Commission sanctioned eight audit firms for violating auditor independence rules and the Public Company Accounting Oversight Board announced settled disciplinary orders Monday against seven other audit firms for violating independence rules in audits of broker-dealers.

The Public Company Accounting Oversight Board is finding that the push toward mandatory audit firm retendering and rotation is leading to lower audit fees in Europe, sparking audit quality concerns.

The International Ethics Standards Board for Accountants has introduced a Web-based version of its Code of Ethics for Professional Accountants for the first time.

CPE opportunities, Andersen Tax new office and more…

The Financial Accounting Foundation and the two standard-setting boards it oversees, the Financial Accounting Standards Board and the Governmental Accounting Standards Board, have created a draft strategic plan of their vision, mission and top priorities, and are asking for comments.

The Information Systems Audit and Control Association has released the third edition of its IT Control Objectives for Sarbanes-Oxley to help information technology professionals focus on performing an IT assessment for financial reporting controls in line with the Sarbanes-Oxley Act of 2002.

The Center for Audit Quality has published a member alert to help auditing firms address risks on audits on upcoming audits, highlighting some that officials with the Securities and Exchange Commission and the Public Company Accounting Oversight Board also pointed to during a conference Thursday.

On Thursday, Thomson Reuters released a special report, Retrospective on Key Tax Developments in 2014, providing a thorough briefing of key developments in 2014, including the tax extender provisions as well as many of the rates, dollar caps, and other key figures that changed over the course of the year.

The American Institute of CPAs’ Employee Benefit Plan Audit Quality Center has released an advisory document on the importance of hiring a quality auditor to perform employee benefit plan financial statement audits, along information to help select a quality auditor.

Online audit confirmation provider Confirmation.com said Tuesday it has acquired LegalConfirm, a Maryland-based provider of electronic legal confirmations.

The International Accounting Standards Board has launched a new program in tandem with some of the largest financial firms in a bid to elicit closer ties with investors and investment firms.

Prompter disclosure of corporate audit fees would help investors, according to a new study that found sudden increases in audit fees may be a sign of trouble at companies.

The Center for Audit Quality and Audit Analytics teamed up on an analysis of 2014 audit committee disclosures in proxy statements to assess the effectiveness of the disclosures by public companies of their relationships with auditors and found that many public companies are suffering from disclosure overload.