Audit

The Public Company Accounting Oversight Board has announced settled disciplinary orders against two audit firms and four individuals for violating federal securities laws, including one case of fraud, and violating PCAOB rules and auditing standards relating to auditor independence, quality control and audit documentation.

The Chartered Institute of Public Finance and Accountancy and the International Integrated Reporting Council said Wednesday they are creating a public sector pioneer network to promote the implementation of integrated reporting in the public sector.

Ever since the earliest spreadsheet software, people have been relinquishing many tasks and responsibilities to this ubiquitous tool, and for good reason: spreadsheets are easy to set up, perform all but the most complex functions, and are available everywhere.

The Securities and Exchange Commission has issued an order staying the effective date for compliance with the some of the conflict minerals rules the agency had drawn up after an appeals court ruled that they violated the First Amendment.

The American Institute of CPAs’ Auditing Standards Board has issued three auditing interpretations in response to the new Governmental Accounting Standards Board pension standards.

Former New York City Mayor Michael Bloomberg and former Securities and Exchange Commission chairman Mary Schapiro have joined the board of the Sustainability Accounting Standards Board, serving as chair and vice-chair, respectively, of the fledgling organization.

New blogs, new websites and more...

The chairman of the Financial Accounting Standards Board said Thursday that the FASB staff expects to issue the long-awaited converged standard on revenue recognition that it has developed with the International Accounting Standards Board this month, calling it “a grand achievement for both boards.”

Public Company Accounting Oversight Board chairman James Doty said in a speech Thursday that he is concerned about cuts in audit fees having an impact on the quality of audits as the auditing practice becomes a declining part of the revenue at accounting firms.

Professors Miller & Bahnson argue that it's time to finally reject IFRS and the IASB for the U.S.

A roundup of recent audit and attest news.

Richard Chambers, president and CEO of the Institute of Internal Auditors, has released a new book, "Lessons Learned on the Audit Trail," that describes his varied career and the real-life challenges he sees in achieving success in the internal audit profession.

The American Institute of CPAs has issued new technical practice aids to help accountants dealing with recent changes by the Financial Accounting Standards Board stemming from recommendations from the Private Company Council.

Marcum Financial Services, an affiliate of Top 100 Firm Marcum LLP has launched a resource for health insurance delivery for groups and individuals.

Baker Tilly, the U.K. firm that was one of the original 14 firms that founded the Baker Tilly International accounting firm network and its namesake, has switched its affiliation to the RSM International network, whose founding member firm in the U.S. is McGladrey.

The Center for Audit Quality has released a paper setting out an approach to developing audit quality indicators, which it will be pilot-testing with several auditing firms and audit committees.

The International Auditing and Assurance Standards Board has released for re-exposure an enhanced International Standard on Auditing that clarifies the auditor’s reporting responsibilities for the information included in corporate annual reports.

The CPA Consultants’ Alliance is conducting a survey aimed at determining the relationship between happiness and success at CPA firms, and is looking for accountants to participate.

Big Four firm PwC US has launched its Performance Governance, Risk and Compliance solution to help clients better manage risk and improve company performance.

The International Accounting Standards Board has launched a web-based IFRS Research Centre.