Audit

Accounting Today began its annual three-day Growth & Profitability Summit in Orlando, Fla., on Sunday with a pair of insightful keynote speeches by Krista McMasters, CEO of McMasters Consulting and former CEO of top-ranked CPA firm Clifton Gunderson, and Jay Nisberg, president of the consulting firm Jay Nisberg & Associates, with both speakers highlighting the changing dynamics of managing an accounting firm and CPA practice.

New Web sites, CPE Credits and more …

The International Federation of Accountants has issued a policy paper that stresses the importance of reporting on broad-based information beyond what is traditionally included in financial reporting.

The Canadian Securities Administrators, an umbrella organization of Canada’s provincial and territorial securities regulators, has proposed changes to its auditor oversight rules with the goal of giving securities regulators more insight into situations where Canada’s audit firm regulator has imposed sanctions on an audit firm.

BDO USA once again took the top spot among major firms in our quarterly ranking of new Securities and Exchange Commission audit clients, this time with a whopping 36 net new clients -- the result, largely, of a number of major mergers the firm completed over the summer.

The career outlook for women in finance and accounting has improved in the last 10 years, according to a new survey of CFOs by the staffing company Robert Half.

The American Institute of CPAs’ Financial Reporting Executive Committee has submitted a comment letter to the Financial Accounting Standards Board and the International Accounting Standards Board suggesting changes in the latest proposals for lease accounting standards.

Deloitte has launched US GAAP Plus, a new Web site that provides news, publications and project updates about U.S. and international accounting standard setting.

The Institute of Management Accountants has opened a new Competency Crisis microsite and community designed to give a variety of accounting and finance stakeholders, including professionals, students, employers and academics, a forum to discuss the issue of the talent gap in the accounting profession and come up with potential solutions.

Internal auditors, external auditors, board members and financial executives disagree over who has responsibility for deterring and detecting financial statement fraud, according to a new report.

The United Kingdom’s Competition Commission has published its final report on the audit market, proposing that publicly listed companies to put their audit contracts out for bid at least every 10 years.

The Olympics are the biggest international sporting sport event, with athletes from more than 200 nations participating in what are generally considered the most important competition in the world. But are they worth it to the host city and country in terms of the budget and the eventual enormous expenditures?

International memberships, free tax prep tips and more

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.

Auditors filed fewer going concern opinions about companies last year, according to a new analysis of fiscal year-end 2012 filings, but that was largely due to company attrition rather than improved company performance.

The accounting profession and employers should work more actively to get accountants ready for finance leadership roles such as CFOs, according to a new study.

The Public Company Accounting Oversight Board voted Thursday to adopt two attestation standards pertaining to audits of brokers and dealers, along with an auditing standard for broker-dealer audits.

Nearly seven out of 10 investors had confidence in the U.S. capital markets, according to a new survey by the Center for Audit Quality, and a record 79 percent had confidence in investing in U.S. publicly traded companies just prior to the government shutdown on October 1.

The Governmental Accounting Standards Board said Tuesday that it will provide live video webcasting of its in-person public meetings, beginning on October 30 and 31.

Only 27 percent of board members at public companies are in favor of the Public Company Accounting Oversight Board’s proposed changes to the auditor’s reporting model, according to a new survey by BDO USA.