Audit

The American Institute of CPAs and the National Association of State Boards of Accountancy have extended their multi-year agreement with Prometric for delivering the computer-based Uniform CPA Examination across its network through 2019.

The Monitoring Board of international regulators overseeing the IFRS Foundation has chosen Japanese regulator Masamichi Kono as its chairman, while also choosing a new way to assess the membership criteria.

Muddy Waters LLC, whose analyst reports triggered $7 billion in losses for Chinese stocks, used an unlikely secret weapon for its research: the public website of the U.S. Securities and Exchange Commission.

Our first annual scorecard for new SEC audit clients

A roundup of audit and attest news from the previous month

The Private Company Council that will help set accounting standards for privately held businesses has decided to tackle three main projects for its agenda.

New memberships, Decosimo Corporate Finance expands its sell-side advisory practice and more…

The Governmental Accounting Standards Board said Thursday that a post-implementation review of two of its accounting standards for state and local governments had achieved their intended purpose.

Our first annual scorecard for new SEC audit clients

Deep flaws in month-end reconciliation processes create distrust in finance departments in the U.S. and Europe, leaving only 28 percent of respondents willing to trust the reported numbers, according to a new survey of financial professionals.

The London School of Business & Finance partnered with e-learning provider InterActive on the launch of InterActive TV, or IATV, an online channel that will broadcast accounting-related content for free 24 hours a day.

The Financial Accounting Standards Board and the Governmental Accounting Standards Board will begin using a majority vote, instead of relying on the board chairman’s decision alone, to establish project plans and agendas, and decide on the priority of projects.

A new report from the Public Company Accounting Oversight Board found that firms that audit 100 or fewer public companies and are inspected every three years showed a reduced rate of reported “significant audit performance deficiencies” in their 2007 through 2010 inspections, compared to when they were inspected from 2004 through 2006, but in 2011, the rate of deficiencies showed little sign of declining.

The Cloud Security Alliance has officially endorsed the American Institute of CPA’s framework for evaluating technology-related controls and other safeguards used by cloud service providers.

Confirmation.com founder and chief marketing officer Brian Fox talks about the some of the latest trends in financial statement fraud.

Confirmation.com founder and chief marketing officer Brian Fox talks about the future of technology in auditing.

An eagerly anticipated report on the auditing market from the United Kingdom’s Competition Commission found that the audit market is not serving shareholders and suggested as a possible remedy the mandatory rotation of auditing firms.

New network membership, Gotta Love Tax Season animated sketch, food and beverage industry study and more...

Warning: Banks in the U.S. are bigger than they appear.

Xerox Corporation chief accounting officer Gary Kabureck has been appointed to serve as a member of the International Accounting Standards Board starting in April.