Audit

The American Institute of CPAs’ Auditing Standards Board has issued a third exposure draft resulting from its Attest Clarity Project, in an effort to address concerns about the clarity, length and complexity of the attestation standards for CPAs.

The Public Company Accounting Oversight Board has released a Staff Audit Practice Alert to remind auditors to continue to follow the existing PCAOB standards when they are considering a company's ability to continue as a going concern.

The International Federation of Accountants’ Professional Accountants in Business Committee has issued guidance on developing and reporting supplementary financial measures that fall outside of GAAP.

New firms, awards and more...

The Accountants Confidence Index took a slight dip in September, countering a slight rise in August -- though both the short-term and the mid-term figures remained in sync.

The International Public Sector Accounting Standards Board has approved its Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities.

The majority of Australian accounting students are now foreign, The Australian Financial Review reports. 79% of Australian graduate accounting students hailed from overseas in 2013, with 55% of international students comprising undergraduate scholars in the field as well. Accounting was only behind business and management enrollment for international students in the Australian collegiate system last year.

The Private Company Council, the standard-setter for privately held companies, voted Tuesday to finalize an alternative that would exempt private companies from separately recognizing and measuring non-competition agreements and customer-related intangible assets that are not capable of being sold or licensed independently in a business combination.

PricewaterhouseCoopers has released a new report on how internal auditors can take advantage of metrics to get better results.

The American Institute of CPAs has reorganized some of the content of its auditing and attestation standards.

Congratulations - you're a new parent! But how will work respond? It's no secret that maternal or parental leave differs from company to company, with benefits ranging from exceptional to unremarkable. Thankfully, Working Mother Magazine has compiled a handy list of 100 companies that treat recent parents with the best programs and support. Notably, a number of tax and accounting firms have been recognized for their work/life balance.

Cleveland-based firm Meaden & Moore LLP has announced a partnership with Canadian-based LBC International, Ltd., creating the new partnership Meaden & Moore International LLP (MMI), which will combine LBC's London office with Meaden & Moore's UK subsidiary.

The Indiana CPA Society has released its first integrated report, becoming the first state CPA society in the U.S. to prepare its own integrated report.

Billionaire Charles Munger, who dismissed Ernst & Young LLP as auditor of his Daily Journal Corp., compared the accounting firm to a misguided physician.

The Institute of Internal Auditors has called on Congress today to fully support efforts by federal inspectors general to ensure unrestricted access to information needed for their investigations, as allowed by federal law.

Regulators have been clamping down on auditors of broker-dealers in recent years in response to the lack of meaningful audits of Bernard Madoff’s investment firm and other scandals uncovered during the financial crisis.

I’m a CPA, and I’m here to tell you financial reporting became simpler and easier to use in two significant areas.

The Public Company Accounting Oversight Board has released a new alert from the PCAOB staff warning auditors about deficiencies that have been seen in audits of revenue figures.

Mark Frissora, chief executive officer of Hertz Global Holdings Inc. stepped down today after investors had pushed for his removal, citing accounting and operational missteps.

The majority of audit committees at Fortune 100 companies are disclosing more information than in years past, especially about their assessment of their outside auditing firm, according to a new report.