Audit

For the last several years, accounting firms have been merging with or acquiring their peers -- but the shopping spree is bound to come to an end as future leaders head out to create their own practices once the combined firms complete their integration, according to Boomer Consulting shareholder and COO Sandra Wiley.

The Governmental Accounting Standards Board has released a new online toolkit to help preparers and auditors of state and local government pension plans implement new accounting and financial reporting standards.

Accountants face irrelevance if they don't keep up with the continuing changes in technology, according to Jon Baron, managing director of Thomson Reuters' Professional Tax & Accounting.

Ernst & Young has been making a greater effort this Veterans Day and in recent years to increase its outreach to veterans and hire more members of the military to bring their leadership skills to the firm.

Recent calls to get rid of public company audits are way off-base

Habitat for Humanity rehab project, Edge Awards and more...

Check out the digital edition of the November 2013 issue of Accounting Today.

The Financial Accounting Standards Board has issued a proposed accounting standards update to improve financial reporting about public and private development stage entities.

Internal audit departments anticipate more focus on compliance risks and less emphasis on Sarbanes-Oxley, according to a new survey.

The Securities and Exchange Commission has announced sanctions against a New York-based audit firm, its founder, two other partners, and an audit manager for their roles in the failed audits of three China-based companies publicly traded in the U.S.

The Internal Revenue Service expanded nationwide on Wednesday the rollout of its streamlined Fast Track Settlement program, which aims to help small businesses under audit settle their differences with the IRS over their tax debts more quickly.

The American Institute of CPAs’ Financial Reporting Executive Committee and the AICPA’s Impairment Task Force plan to release the final version of a new AICPA Accounting and Valuation Guide, "Testing Goodwill for Impairment," on Friday.

The Public Company Accounting Oversight Board has established a Center for Economic Analysis to study the role and relevance of the audit in capital formation and investor protection.

The Financial Accounting Standards Board voted Wednesday to move forward with preparing a final standard on revenue recognition that is expected to be issued during the first quarter of 2014.

Cindy Fornelli, executive director of the Center for Audit Quality, discusses the PCAOB's proposed changes in audit and attest standards for broker-dealer auditors, and the U.K.'s Competition Commission proposals for mandatory retendering of audit firms, in an interview with Accounting Today editor-in-chief Daniel Hood.

The changes of previous decades have left accountants acting more like their clients’ “most trusted servants” than their most trusted advisors, according to IT expert and thought leader Doug Sleeter.

New websites, recognitions and more...

Mergers mean major SEC audit client gains for national firm

A roundup of assurance-related news

The Financial Accounting Standards Board and the International Accounting Standards Board are revealing further details about their long-stalled plans for creating a Disclosure Framework to help accountants decide on which notes to include with financial statements.