Audit

The Securities and Exchange Commission said it is preparing relief measures that would extend filing deadlines for individuals and entities who have been affected by Hurricane Sandy and its aftermath.

The Center for Audit Quality has released a guide to help auditing firms cope with the Public Company Accounting Oversight Board inspection process.

The Financial Accounting Standards Board is giving more time to people to comment on its proposals for clarifying financial statement disclosures as a result of Hurricane Sandy.

Accountants can -- and should -- help their clients prepare for disaster.

CHINA

In response to the disruptions caused by Hurricane Sandy, the Financial Accounting Standards Board is extending the deadline for comment on a staff paper that outlines an approach for deciding whether and when to modify U.S. GAAP for private companies.

The American Institute of CPAs has released an exposure draft of its proposed Financial Reporting Framework for Small- and Medium-Sized Entities for comment.

The JOBS Act may usher in a new golden age of accounting fraud

Look around the offices of Gelman, Rosenberg & Freedman, and you'll probably notice a number of international souvenirs. Most were brought back by the Bethesda, Md.-based firm's accounting professionals from their travels to places like Nigeria, Indonesia and Zambia to conduct on-site field office audits and internal control reviews for international non-governmental organizations.

Highlights from the previous month in Assurance

It's time to jettison the idea that international standards are coming

Is it time to consider a new form of financial reporting?

The staff of the Public Company Accounting Oversight Board has put a set of frequently asked questions relating to issues connected to the implementation of the board’s funding rules as they related to brokers and dealers.

Highlights from our coverage of our 3rd Annual Growth & Profitability Summit, including keynote sessions, and tips, strategies and best practices on tax, technology, recruiting and retention, M&A, and more.

Accounting Today announced the winners of its annual Best Firms to Work For ranking during the Growth & Profitability Summit in Boca Raton, Fla., on Monday.

The Public Company Accounting Oversight Board is currently in the midst of disciplinary proceedings against 19 auditing firms, and the PCAOB is considering ending the registrations of up to 870 firms that have not been auditing public companies or broker-dealers, according to a PCAOB official.

Nearly two-thirds of accountants gave Congress a grade of F in a recent survey.

In an exclusive interview with Accounting Today, Leslie Seidman chair of the Financial Accounting Standards Board, detailed the current status and likely future timeline for the four main remaining part of the board’s convergence agenda with the International Accounting Standards Board.

Financial Accounting Standards Board chair Leslie Seidman is planning for a multilateral way of working with the International Accounting Standards Board in the future, even as her term approaches an end next year.

The International Federation of Accountants and the International Valuation Standards Council have renewed their memorandum of understanding and plan to strengthen their mutual efforts to improve confidence in business reporting.