Audit

In response to an ever-changing workplace, and to ensure relevancy for the current generation of test-takers, the American Institute of CPAs (AICPA) is inviting key stakeholders to give their input on the Uniform CPA Examination, shaping the next exam directly via their feedback.

Two firms bring in the most new SEC clients in Q2

A roundup of audit and accounting news from the previous month

Ridgeland, Miss. accounting firm Horne LLP is fed up - not with a person, pesky law, or another company (thankfully). Rather, the $67 million firm is setting its sights on the formalities of accounting firm culture, going so far as producing a nearly six-minute trailer for "The HORNE Identity: Connect the Dots"; a cinematic take on Horne's anti-traditional views in a rapidly-changing workplace.

The Financial Accounting Standards Board has released a proposed 2015 GAAP Financial Reporting Taxonomy for public review and comment, containing computer-readable financial reporting labels coded in Extensible Business Reporting Language, or XBRL.

Awards, surveys and more…

The receipt of a comment letter from the Securities and Exchange Commission induces many top executives to start selling shares in their companies before the letters are released to the public, according to a new study.

The Securities and Exchange Commission said Friday it has issued a whistleblower award of more than $300,000 to a company employee who performed audit and compliance functions and reported wrongdoing to the SEC after the company failed to take action when the employee reported it internally.

Adding a set of simple sentences to your firm’s engagement letters could go a long way to making your firm safer from lawsuits, a legal expert told accountants at the Midwest Accounting Show.

Many of the biggest concerns for accounting firms in the future relate to people issues, according to Illinois CPA Society president and CEO Todd Shapiro.

Deloitte Analytics has announced a collaborative agreement with the University of Virginia's McIntire School of Commerce, under which it will serve a three-year term as an advisory board member for the school's Center for Business Analytics.

The Financial Accounting Standards Board has issued a new accounting standards update to provide guidance on disclosing uncertainties about a business’s ability to continue as a going concern, while further distancing U.S. GAAP from International Financial Reporting Standards.

The Center for Audit Quality has created an online document to help auditors with the decision-making process so they can form auditing and accounting judgments with the appropriate professional skepticism.

A post-implementation review of an accounting standard for state and local governments on the impairment of capital assets and insurance recoveries found that it provides important information to users, but does not resolve all the issues it was meant to address.

The Securities and Exchange Commission is bringing charges against a telecommunications equipment maker and two of its former executives for improperly recognizing as revenue over a million dollars’ worth of inventory.

The Accountants Confidence Index got back into sync with an upward tick in July, after the short- and mid-term readings split in June.

BeachFleischman relocates, CAMICO redesigned its website, and more…

The Financial Accounting Standards Board announced that registration is open for its upcoming webcast covering the 2015 GAAP Taxonomy.

The Financial Accounting Standards Board issued a proposed Accounting Standards Update Wednesday intended to simplify the accounting for a customer’s fees paid in a cloud computing arrangement.

Hertz Global Holdings said full-year results will miss the low end of its forecast because of challenges including industrywide vehicle recalls which prevented it from meeting demand and costs related to an accounting review.