Audit

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.

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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.

Accounting educator, author and commentator Abraham J. Briloff died last week at the age of 96.

Abraham Briloff passed away recently at the age of 96. Those who love accounting and value truth in corporate annual reports will greatly miss him.

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The International Auditing and Assurance Standards Board released an updated and enhanced International Standard on Assurance Engagements.

IFAC released a guide for professional accountants conducting review engagements in compliance with International Standard on Review Engagements.

Thomson Reuters released a report on the IRS’s new regulations impacting taxpayers who acquire, produce or improve tangible property.

Professional management accounting association IMA (Institute of Management Accountants) responded to the International Integrated Reporting Council’s International Integrated Reporting Framework, released Monday, with an outline of several actions.

The IASB published for public comment Wednesday an exposure draft of five proposed amendments to four International Financial Reporting Standards under its annual improvements project.

Top 100 Firm Eide Bailly has launched the Eide Bailly Private Exchange, a private insurance exchange that offers businesses an alternative for health care coverage.

My amazing discovery is not only that happy CPAs exist, but that they are not singularly defined by industry, job title, age or gender. Rather, what sets them apart from the rest of the grouchy crowd is what they do differently.