Audit

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.

Wolters Kluwer CCH Connections User Conference, community service and more…

The Securities and Exchange Commission has sanctioned a software company for having inadequate internal controls.

Over three quarters of accounting firms reported in a recent survey that they allow staff to work remotely.

The Securities and Exchange Commission has charged a Silicon Valley software company and two former executives in an accounting fraud where timesheets were falsified to hit quarterly financial targets.

The AICPA said in its Sept. 24 letter that it “strongly supports” the IRS’s effort to develop standards allowing for electronic signature. However, stricter methods of achieving these means were urged

The Sustainability Accounting Standards Board has released a set of provisional standards for companies in the transportation sector.

Two research studies released Wednesday demonstrate the significant changes to behavior triggered by integrated reporting.

Deloitte said Wednesday it posted record revenues of $34.2 billion globally for the fiscal year ending May 31, as demand for services at its member firms produced their fifth consecutive year of growth.

The second public meeting of the President’s Advisory Council on Financial Capability for Young Americans (“the Council”) will be held on Thursday, October 2, 2014, from 9:00am - 11:30am EDT, on site at the US Department of the Treasury in Washington, D.C.