Audit

CPA network and consultancy Thriveal announced a new strategic partnership with accounting software provider Xero Tuesday, along with its division into four areas.

A new study finds almost 40 percent of researched companies have audit committee members with social ties to the CEO.

While the flow of high-quality information is critical to the functioning of capital markets, many are coming to see the independent audits that vouch for that information as irrelevant, according to PCAOB Chairman James Doty.

Audit firms may not be appropriately executing engagement quality review, according to the Public Company Accounting Oversight Board.

Top 100 Firm Marcum LLP’s Lesbian, Gay, Bisexual & Transgender Practice has released a list of top tax planning tips for married same-sex couples to help guide them on what they will need to file taxes since the federal government officially recognized same-sex marriage for tax purposes.

Bookseller Barnes & Noble is the subject of an investigation by the U.S. Securities and Exchange Commission into its restatement of earnings and a former employee’s allegation of improper accounting.

The Center for Audit Quality has issued a request for proposals for independent academic research related to auditing.

Jeans, food drives, feeding the needy and more …

The Public Company Accounting Oversight Board has proposed for a second time the idea of requiring auditor reports to disclose the names of the lead partner on an audit engagement and some of the other individuals and firms who participated in audits of public companies, brokers and dealers.

Audit and risk management product maker ACL has released a purchase card fraud product designed to enable organizations to immediately identify and remediate suspicious transactions.

The Financial Accounting Standards Board acknowledged Tuesday that a 1992 standard on accounting for income taxes did little to simplify the accounting.

The Public Company Accounting Oversight Board named 17 new members and reappointed members of its Standing Advisory Group, who will serve three-year terms starting next month.

Ernst & Young LLP agreed to pay investors $99 million to settle litigation over its auditing of the bankrupt Lehman Brothers Holdings Inc., according to a filing in federal court in Manhattan.

A roundup of audit and attest news from the previous month

FASB Chairman Russell Golden looks at what's to come

Three short takes: IASB vs. EU; M. Prada stumbles, and GAAP reporting as perjury

The Association of Chartered Certified Accountants gave honorary memberships to two distinguished members of the accounting profession—former International Federation of Accountants CEO Ian Ball and Harvard Business School professor Bob Eccles—at a special event in London.

The Public Company Accounting Oversight Board plans to hold a meeting next Wednesday to discuss re-proposing a requirement for auditing firms to disclose in the auditor’s report the names of the engagement partner and certain other participants in the audit.

The American Institute of CPAs’ Accounting and Review Services Committee has issued a Proposed Statement on Standards for Accounting and Review Services, Framework for Performing and Reporting on Compilation and Review Engagements, as a result of its Clarity Project.

After rebounding in October, the accounting profession’s expectations for economic growth remained healthy this month, according to the November edition of Accounting Today’s monthly Accountants Confidence Index.