Audit

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.

Audit and risk management product maker ACL is now offering its ACL Workpapers product for the iPad and iPhone.

Legislation has been introduced in Georgia to give the Georgia State Board of Accountancy its own executive director and staff, along with greater financial and operational autonomy, to bring it in line with other state boards of accountancy.

Accounting firm BlumShapiro said Alfred Rosenthal, CPA, a founding partner of the firm, died peacefully in his home surrounded by his loving family and caregivers on Thursday, Feb. 7, 2013, at a vibrant 92 years of age.

Succession planning survey, Mengel Metzger tapped to write the Charter School Audit Guide for New York State Education Department and more…

The Financial Accounting Standards Board has issued a revised set of proposals for the financial instruments accounting standards it has been working to converge with International Financial Reporting Standards.

Check out the digital edition of the February 2013 issue of Accounting Today.

A new study examines how buyers and clients select a professional services firm, including accounting and financial services firms.

The Securities and Exchange Commission has unanimously approved the Public Company Accounting Oversight Board’s 2013 budget and the related annual accounting support fee that it charges to issuers and broker-dealers.

The profession's confidence in the U.S. economy is growing somewhat, according to the February edition of Accounting Today’s monthly Accountants Confidence Index.

The U.S. regulator that oversees corporate audits could face automatic spending cuts designed to reduce the federal budget deficit even though it receives no taxpayer funding.

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