Audit

The Financial Accounting Standards Board issued a pair of updates Thursday to U.S. GAAP to provide alternatives for private companies on the subsequent accounting for goodwill and for interest rate swaps.

The Institute of Singapore Chartered Accountants has signed a memorandum of understanding with the Institute of Chartered Accountants in England and Wales to offer accountants in Singapore a pathway to the Associate Chartered Accountants designation.

The Sustainability Accounting Standards Board and the International Integrated Reporting Council have signed a memorandum of understanding pledging to collaborate more closely to advance corporate disclosures of sustainability efforts to investors.

The accounting profession's expectations for economic growth wobbled slightly, but remained positive for the fourth month in a row, according to the January edition of Accounting Today’s Accountants Confidence Index.

The International Valuation Standards Council has released a guide that aims to raise awareness of audit procedures among professional valuers in response to heightened scrutiny by regulators of valuations.

The Securities and Exchange Commission has delayed until July 1, 2014, the date on which the first set of municipal advisors will be required to register under final rules issued by the commission.

The Rainmaker Companies has announced a transition in ownership. The group, which provides training, consulting and networking to accounting firms, will be led by newly appointed CEO Dan Brooks and president Angie Grissom.

Top firms to intern, Ronald Blue consolidates and more…

The Association of Chartered Certified Accountants and the Institute of Management Accountants are commemorating the second annual CFO Month, with a technology-focused theme to mark the rise of the “techno-finance chief.

The International Federation of Accountants is reiterating its call for global policymakers to focus on regulatory convergence, arguing that their failure to do so is stifling business confidence, economic stability and ambitions for a sustainable recovery.

The American Institute of CPA has published a Technical Practice Aid to address the use of current auditing standards for audits of prior periods.

Scholarships, Santa Program and more…

Many are coming to see independent audits as irrelevant, according to the chair of the PCAOB.

A new study found almost 40 percent of studied companies have committee members with social ties to the CEO.

A roundup of audit and assurance from the previous month

The Public Company Accounting Oversight Board approved a 2014 budget of $258.4 million, and a 2013-2017 strategic plan that includes a greater focus on accounting firms' burgeoning consulting practices.

Miller & Bahnson reprise a column on the redefinition of comparability

The Financial Accounting Foundation has appointed investor and asset manager Ann Spruill to its Board of Trustees, effective Jan. 1, 2014.

Office relocations, record high revenues and more...

The Financial Accounting Standards Board and the Private Company Council have issued the final version of their Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies to help FASB and the PCC determine whether and when to provide alternative recognition, measurement, disclosure, display, effective date or transition guidance for private companies reporting under U.S. GAAP.