Audit

Tax prep and filing vendor TaxACT has released its 2014 federal software for 1040, 1065, 1120S, 1120 and 1041 returns.

U.S. investors’ confidence in a variety of aspects of U.S. markets has reached new highs, according to the Center for Audit Quality’s 2014 Main Street Investor Survey.

The Securities and Exchange Commission has been conducting a review of the effectiveness of financial disclosures by public companies within and outside of financial statements and some investors have wondered about where forward-looking statements should fit into them.

An alternate financial reporting tool is available for small- and medium-sized entities.

PricewaterhouseCoopers reported Tuesday that its global revenues in the fiscal year ending June 30, 2014 increased 6 percent to $34 billion.

The Brilliant Q4 2014 accounting, finance and IT Hiring Forecast reported open positions and robust plans for increased hiring of accounting, finance and IT professionals in Q4 2014, both permanent and temporary.

While there are many well-equipped organizations for accountants in the United States and Europe, much of the developing world is still missing robust groups that can foster development of ethical practices for accountants and look out for their interests.

CohnReznick’s IPO report, PwC’s Corporate Directors Survey and more…

AICPA's Future of Learning Task Force - a working group of firm leaders, industry CPAs, regulators, and educators - has announced four recommendations to promote lifelong learning in the CPA profession.

The American Institute of CPAs’ Employee Benefit Plans Expert Panel has developed some new practice aids to provide nonauthoritative guidance about the effects of recent accounting standards relating to the liquidation basis of accounting on employee benefit plans.

Public companies paid on average $7.1 million in audit fees, according to a new survey, representing an increase of 4.5 percent over last year’s audit fees paid.

Average starting salaries for accounting and finance professionals in the United States are forecast to rise 3.5 percent next year, according to the staffing company Robert Half.

The Certified General Accountants Association of Canada (CGA-Canada) has joined CPA Canada, completing the long and sometimes fractious process of integrating the country's national accounting bodies.

Cindy Fornelli, executive director of the Center for Audit Quality, discusses the impact of regulatory and policy changes on financial restatements since Sarbanes-Oxley, in an interview with Accounting Today editor-in-chief Dan Hood.

A roundup of recent audit and assurance news.

There are a number of challenges when it comes to the valuation of deferred revenue, including the impact of the new accounting rules on revenue recognition.

The Securities and Exchange Commission has issued an order instituting proceedings against Mayer Hoffman McCann, an auditing firm associated with CBIZ, after it found that one of MHM’s audit and attest clients, Tradebot Systems, a high-frequency trading broker-dealer, had traded CBIZ stock.

Nine out of 10 U.S.-based internal auditors received pay raises in 2014, according to a new study.

The American Institute of CPAs has released a technical practice aid about what auditors should do about asking for a written management representation regarding prior periods that were audited by a previous auditing firm.

Over 40 percent of all audits inspected by the Public Accounting Oversight Board in 2012 had deficiencies, and the number of fair value measurement audit deficiencies made up approximately one-fourth of all audit deficiencies, according to a new report.