Audit

Tesco Plc Chairman Richard Broadbent will leave after the U.K.’s biggest supermarket company said accounting irregularities started earlier than this year and will continue to impact profit in the second half.

The Public Company Accounting Oversight Board has released expanded versions of two of its inspections reports of KPMG LLP after the firm failed to address quality control issues to the board’s satisfaction.

As previously reported, the majority of 99 accounting firms surveyed by ConvergenceCoaching have implemented work-from-home programs for their staff. Convergence has now released further insights, both positive and negative feedback, from those firms,

KPMG recently announced that its Short Hills, NJ office has attained Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Counsel, the 25th KPMG workplace to do so under its "Living Green" program.

The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, is planning a project to review and update its decade-old Enterprise Risk Management–Integrated Framework.

Let’s not kid ourselves. Financial statement auditing as we know it is facing a crisis of relevance in today’s capital markets.

The American Institute of CPAs is getting ready to roll out its long-awaited update of compilation and review standards for CPAs, Statement on Standards for Accounting and Review Services No. 21 (SSARS No. 21), one of the most significant revisions in non-audit standards in the last 35 years.

The final day of the American Institute of CPAs’ 2014 Fall Meeting of Council in Boston saw the AICPA Nominations Committee induct the next class of Board and Council members, including newly elected 2014-15 chair of the board Tommye Barie.

A majority of board members at public companies want Congress to pass broad-based tax reform legislation to address corporate tax inversions, according to a new survey.

The American Institute of CPAs has asked the Equal Employment Opportunity Commission to reject appeals by EEOC staff to investigate and litigate against accounting firms about their mandatory partner retirement provisions, saying in a letter Monday that the classification of partners as employees would be disruptive to the accounting profession and its business practices.

AICPA president and CEO Barry Melancon delivered the keynote speech at the 2014 Fall Meeting of Council in Boston on Monday, discussing the unprecedented changes he foresees in the accounting profession in the coming years.

On Sunday, the first day of events at the AICPA’s 2014 Fall Meeting of Council in Boston, Mass., the state of the Uniform CPA Examination proved to be a key topic, with plans to ultimately release a new version of the Exam by 2017.

In an Oct. 16 letter to the IRS, the AICPA questioned the ordering rule under Internal Revenue Code section 1368, asserting that an ambiguity exists under current rules for determining adjustments to the accumulated adjustment account (AAA) of an S corporation.

National Estate Planning Week, AICPA Leadership Academy graduate class of 2014 and more…

Big Four firm KPMG lead the pack among large firms in terms of new Securities and Exchange Commission audit clients in the third quarter of 2014, but a small Midwestern firm walked away with the most new engagements.

With the goal of expanding the role of influential women in the CPA profession, the AICPA will hold the Women's Global Leadership Summit in Washington D.C. from Oct. 23-24.

The Public Company Accounting Oversight Board announced that it is accepting applications for research fellowships for next year.

As traveling professionals know, it's best to stick with the familiar out on the road. Supporting this, big brands reigned supreme when cloud-based travel and expense management software provider Certify recently shared their findings on millions of receipts and expenses for the third quarter of 2014.

To advocate free services for low-to-moderate income taxpayers, top officials from the New York State Tax Department and the United Way of Northern New York met today in the first ever North Country Community Outreach Tax Summit.

The IFRS Foundation has launched eIFRS Professional, a new way for accountants to access information online about International Financial Reporting Standards.