Audit

Financial Accounting Standards Board chairman Russell Golden marked FASB’s 40th anniversary in his first major speech since taking over the chairmanship in July, outlining the changes he plans for the standard-setting board.

The Financial Accounting Standards Board voted Wednesday to issue an exposure draft with proposals to improve financial reporting about public and private development-stage entities., easing the requirements for revenue recognition and measurement and other areas

During the 2013 proxy season, the majority of Fortune 100 companies disclosed more information about their audit committees and external auditors than is required, according to a new report by Ernst & Young.

Accounting firms need to offer their clients more higher-level advisory services, according to technology consultant Gary Boomer.

The struggle to attract and retain talent, and interest in leveraging the cloud, are among the most important trends that accounting firms need to adapt to, according to Boomer Consulting’s Jim Boomer and Sandra Wiley.

New franchisee conference, tax webinar and more...

The Financial Accounting Standards Board announced that registration for a field study on disclosures in notes to financial statements will close Sept. 30, 2013.

With the comment deadline approaching for the latest draft of the lease accounting proposals from the Financial Accounting Standards Board and the International Accounting Standards Board, more groups are weighing in with criticism.

Highlights from the world of assurance from the previous month

Both public and private companies saw an increase in the auditing fees they paid to outside firms, according to a recent survey by Financial Executives International.

The Public Company Accounting Oversight Board proposed for public comment a new auditing standard and related amendments to enhance the auditor's reporting model in mid-August.

The Financial Accounting Standards Board has released the latest version of the U.S. GAAP Taxonomy using the data-tagging technology, XBRL, or Extensible Business Reporting Language, which the Securities and Exchange Commission now requires public companies to use with their financial statement filings.

New website, 1st Bridging the Gap Awards and a little more…

The American Institute of CPAs has released guidelines to help privately held businesses determine which accounting framework, including the Financial Reporting Framework for Small- and Medium-Sized Entities, best meets their financial reporting needs.

The Public Company Accounting Oversight Board’s recent proposal to overhaul the format of the auditor’s reporting model could lead to unexpected legal repercussions for auditors.

The Public Company Accounting Oversight Board released its latest inspection reports Wednesday on KPMG LLP and PricewaterhouseCoopers LLP, revealing various problems uncovered with the firms’ audits.

The accounting profession’s expectations for economic growth remained positive this month, according to the August edition of Accounting Today’s monthly Accountants Confidence Index.

Understanding what makes a Chief Financial Officer tick has always been important, but today a CFO’s role goes beyond number cruncher to board liaison and CEO advisor—among a number of other demands outside of their typical purview.

The National Association of State Boards of Accountancy has awarded three grants totaling $24,500 to college faculty and postdoctoral researchers to research educational issues that affect the public accounting profession.

Alfred Sloan Award recipients, new website and Camden, N.J. has a new auditor