Audit

Top 100 Firm Marcum LLP and its affiliate, Marcum Bernstein Pinchuk LLP, had the most net new Securities and Exchange Commission audit clients in the fourth quarter of 2012 among large firms, with a total of six.

Kayla J. Gillan, a former deputy chief of staff at the Securities and Exchange Commission and founding member of the Public Company Accounting Oversight Board, has been tapped to lead PricewaterhouseCoopers’ new Investors’ Resource Institute.

The Financial Accounting Standards Board made available the first in a series of implementation guides Monday to help users of its U.S. GAAP Financial Reporting Taxonomy understand how disclosures are structured with Extensible Business Reporting Language, or XBRL, technology.

Public Company Accounting Oversight Board member Jeanette Franzel said the ability to inspect auditing firms in China remained one of the PCAOB’s greatest challenges, but the PCAOB is making progress on negotiating a memorandum of understanding with the Chinese government.

The Indiana CPA Society has released a white paper on the topic of integrated reporting.

A couple of real accounting changes occurred, but world accounting convergence got derailed.

The Financial Accounting Standards Board has issued an updated financial instruments standard clarifying how some fair value requirements do not apply to private companies and not-for-profit organizations.

The International Accounting Standards Board and the International Integrated Reporting Council have signed an agreement to develop an integrated corporate reporting framework that includes financial, governance, management commentary and sustainability reporting.

The Financial Accounting Standards Board has released an updated accounting standard for reporting amounts reclassified out of accumulated other comprehensive income.

Candidates in Utah and Missouri had the highest average pass rates on the CPA Exam in 2012, according to the National Association of State Boards of Accountancy.

The Financial Accounting Foundation plans to conduct a post-implementation review of the standard governing accounting for income taxes to gauge how well it has performed.

The chief executives and CFOs of companies accused of backdating stock options for their top executives were likely to lose their jobs and have trouble finding another one, according to a new study.

The Public Company Accounting Oversight Board has signed a cooperative agreement with Finland’s audit regulator, allowing officials from the U.S. and Finland to conduct joint inspections of auditing firms and share information about them.

The Public Company Accounting Oversight Board has reached a deal with France’s audit regulator allowing for joint inspections of auditing firms and the exchange of confidential information.

We're going to capsulize five hot issues to alert you to what's going on. We'll also preview what's going to appear while we're away.

The IFRS Foundation, which oversees the International Accounting Standards Board, invited nominations for membership in its Accounting Standards Advisory Forum on Friday as it moves toward a more multilateral way of setting accounting standards with involvement from more parts of the world than the U.S. and Europe.

Introducing our new quarterly feature tracking SEC audit client changes

Highlights from the world of audit and attest in the previous month

A Q&A with the new chairman of the new Private Company Council on its process and purpose

The Financial Accounting Standards Board has issued a new accounting standards update that aims to clarify the kinds of transactions that are subject to disclosures about offsetting.