Audit

Accounting Today is in the midst of collecting submissions for its 2013 ranking of the Top Firms by AUM.

Arrogance and ignorance remain major drives of unethical behavior in accounting and financial reporting

Compliance with anti-bribery and anti-corruption rules is becoming critical

Developments in accounting and auditing from the previous month

Public Company Accounting Oversight Board member Lewis Ferguson has been elected chair of the International Forum of Independent Audit Regulators.

The Financial Accounting Standards Board has issued a proposal to defer indefinitely the effective date for certain disclosures about investments held by a nonpublic employee benefit plan in the plan sponsor’s own equity securities.

The announcement of civil and criminal insider trading charges earlier this month against Scott London, a former senior audit partner at KPMG, grabbed business headlines and took the public accounting profession by surprise.

The Public Accounts Committee in the British Parliament has issued a critical report blaming large accounting firms, particularly the Big Four, for contributing to tax avoidance.

The Financial Foundation and the Financial Accounting Standards Board that it oversees are marking their 40th anniversary by introducing redesigned logos, branding and Web sites.

Robert Herz, the former chairman of the Financial Accounting Standards Board, has written a new book on his experiences leading FASB, with reflections on his experiences leading the board through the financial crisis and in its efforts to converge U.S. GAAP with International Financial Reporting Standards.

A pair of influential senators have re-introduced legislation to make the Public Company Accounting Oversight Board’s disciplinary proceedings against auditing and accounting firms public.

The Legal Affairs Committee of the European Parliament voted Thursday to require public companies to change audit firms after up to 14 years, which could increase to 25 years if safeguards are put in place.

Firm anniversaries, DiCicco's annual summit and more...

The Public Company Accounting Oversight Board has issued a formal policy statement in an effort to get more cooperation from public accounting firms in assisting with the PCAOB’s investigations of their audits.

The Financial Accounting Foundation’ board of trustees has named Russell G. Golden as the next chairman of the Financial Accounting Standards Board, succeeding Leslie Seidman, whose term will end on June 30.

The Governmental Accounting Standards Board has approved a new standard that provides accounting and financial reporting guidance to state and local governments that offer nonexchange financial guarantees and governments that receive guarantees on their obligations.

The Financial Accounting Standards Board has issued an Accounting Standards Update aimed at improving financial reporting by clarifying when and how public and private companies and not-for-profit organizations should prepare statements using the liquidation basis of accounting.

Deloitte Touche Tohmatsu CPA Ltd. lost a bid to delay a lawsuit brought by the Securities and Exchange Commission seeking documents in an investigation of the auditor’s former client Longtop Financial Technologies Ltd.

CPA technology thought-leader James Bourke identifies three trends that every accounting firm needs to pay attention to.

Jeffrey Bolton, CPA, a partner and co-founder of Gulf Coast Regional Leader Daszkal Bolton LLP, died on April 19 in a swimming accident in the Bahamas.