Audit

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.

The American Institute of CPAs is facing opposition from the National Association of State Boards of Accountancy and PricewaterhouseCoopers on its proposal to create a non-GAAP financial reporting framework for small and midsize businesses.

Caterpillar Inc., the largest maker of construction and mining equipment, said it is considering “all options” to recover losses from false accounting at a Chinese business that led to a $580 million writedown.

The International Accounting Standards Board has released some of the findings from a survey it recently conducted on financial disclosures in which it asked accountants and financial statement users what factors are contributing to disclosure overload.

Japanese accountants are registering to take the U.S. CPA Exam as a way to increase their international employment options, according to a new survey.

Four accounting, auditing and financial organizations have teamed up to launch a new anti-fraud Web site with tools to help deter and detect financial reporting fraud.

The International Auditing and Assurance Standards Board has released for public comment a new consultation paper aimed at improving the quality of audits.

The Governmental Accounting Standards Board has released new standards aimed at improving the accounting and reporting of combinations and disposals of government operations for U.S. state and local governments.

Mary Jo White, the former U.S. Attorney in Manhattan, is under consideration to become the next chairman of the Securities and Exchange Commission, three people with knowledge of the matter said.

The U.S. Small Business Administration has approved over $561 million in disaster assistance loans for residents and businesses in New York affected by Hurricane Sandy and over $238 million for residents and businesses in New Jersey, and said it is eager to do more.