Audit

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.

Berdon LLP and Rihanna have settled the singer’s multi-million-dollar lawsuit against the Top 100 Firm out of court.

With 11 overall new Securities and Exchange Commission clients and a net gain of eight, Top 10 Firm BDO led the nation’s large firms in the first quarter of 2014.

NJSCPA gives out more than $500K in scholarships, Fraud & Forensic Accounting Education Conference update, and more...

Former Secretary of Defense Donald Rumsfeld yesterday made public a letter he said he sends every year to the IRS, along with his tax return.

The International Federation of Accountants has received £4.935 million ($8.256 million) in funding from the United Kingdom’s Department for International Development, or DFID, for the purpose of strengthening professional accountancy organizations around the world.

The Governmental Accounting Standards Board has issued a concepts statement that will guide GASB in establishing accounting and financial reporting standards for U.S. state and local governments regarding the measurement of assets and liabilities.

Marcum tapped by Bitcoin, UHY International puts out a study, and more…

The Financial Accounting Standards Board has issued new guidance on representing when a company or organization discontinues its operations.

Public company audits worldwide suffer from persistent deficiencies in critical audit areas, raising concern among international audit regulators, according to a new report released Thursday by the International Forum of Independent Audit Regulators.

The AICPA recently issued an Accounting and Valuation Guide on assets acquired to be used in research and development activities, replacing a practice aid it issued in 2001 for in-process research and development.