Audit

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.

The Securities and Exchange Commission has voted to propose rules aimed at increasing access to capital for smaller companies.

The accounting profession's expectations for economic growth remained positive for the third month in a row, according to the December edition of the Accounting Today’s monthly Accountants Confidence Index.

Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders, and is looking for more top-notch accounting firms to consider.

The Securities and Exchange Commission issued a staff report Friday to Congress on its disclosure rules for U.S. public companies, as part of the SEC’s efforts to modernize the disclosure requirements and reduce compliance costs for emerging growth companies.

U.S. banking industry groups are pressing regulators to clarify accounting for certain securities under the Volcker Rule after lenders complained the Dodd-Frank Act measure may force them to take writedowns.

RoseRyan Holiday cocktails, relocations and more...

The Financial Accounting Standards Board has released the 2014 U.S. GAAP Financial Reporting Taxonomy.

The International Ethics Standards Board for Accountants released for public consultation Tuesday a proposed strategy and work plan for the next five years.

The Center for Audit Quality has published a member alert highlighting some of the main risks it sees for auditors to watch out for as they examine financial statements for this year.

The European Commission reached a provisional agreement Tuesday with the European Parliament and the member states of the European Union on reforming the audit firm market in Europe, requiring public companies in the E.U. to rotate their auditing firms every 10 to 24 years, avoid non-audit services for the same clients, and prohibit Big Four-only clauses.