Audit

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

The Financial Accounting Standards Board has issued a proposal that would exempt many private companies from applying the stringent consolidation guidance under U.S. GAAP to leasing companies under common control.

Operational analysis software company Oversight Systems has released Insights On Demand, cloud-based applications designed to identify fraud, corruption, and waste in travel and expense (T&E) transactions.

The board of trustees of the Financial Accounting Foundation, which oversees the Governmental Accounting Standards Board, issued a proposal Tuesday to change GASB’s scope of authority by altering the definition of “financial accounting and reporting information,” and released the results of its latest post-implementation review of GASB standards.

The ratio of audit fees over revenue was the lowest last year since 2004, according to a report by the research firm Audit Analytics, making it the lowest since the implementation of Section 404 of the Sarbanes-Oxley Act of 2002.

The Institute of Internal Auditors plans to open a new American Center for Government Auditing in early 2014 and has hired a new director to run it.

The Public Company Accounting Oversight Board found deficiencies in all of the firms it inspected that audit broker-dealers, according to a report released Monday, and in 95 percent of the individual audits that the PCAOB inspected.

The Public Company Accounting Oversight Board unveiled far-reaching proposals this week for enhancing the auditor’s reporting model in what could be the biggest transformation of the audit report in over 70 years.

Alfred P. Sloan Award recipients, best places to work, strategic partnerships and more...

Ernst & Young has donated its historical archives dating back to the early 1900s to Case Western Reserve University.

Accounting firm association PrimeGlobal announced Wednesday that Arthur Place, the managing partner of one of the firms in its association, died on Sunday.