Audit

The International Auditing and Assurance Standards Board has released a revised version of its International Standard on Review Engagements to better meet the needs of small and midsized entities.

Public accountants can look forward to reasonable pay bumps next year, according to the 2013 Salary Guide for Financial and Accounting from staffing and placement company Robert Half.

The International Accounting Standards Board has decided to re-expose the latest version of its ongoing project aimed at revising the accounting standards for insurance contracts and is seeking feedback.

(Bloomberg) Camera and medical equipment maker Olympus Corp.’s former chairman Tsuyoshi Kikukawa pleaded guilty to covering up losses at the Japanese camera maker in an accounting fraud case that sparked criticism of ineffective corporate governance in Japan.

Celebrating its 10th anniversary this year, the Sarbanes-Oxley Act is provoking a retrospective look at the good and bad after-effects of the landmark legislation.

The majority of members of public company boards of directors are opposed to proposals for mandatory audit firm rotation, according to a new survey.

The Public Company Accounting Oversight Board has reached a tentative agreement to begin observing Chinese regulatory authorities during inspections of auditing firms in China as a kind of “trust-building exercise.”

The Financial Accounting Foundation’s board of trustees appointed former NASBA chairman Billy Atkinson as chairman of the new Private Company Council, and named the other members of the new council, which will be able to recommend and vote on changes to accounting standards for privately held companies.

Granite Consulting Inc. has issued a call for submissions for its upcoming “Top 10 Rising Stars in Internal Audit” list to recognize high-performing members of the internal audit profession.

Nearly two-thirds of individual investors have at least some confidence in the U.S. capital markets, according to a new survey by the Center for Audit Quality.

The Committee of Sponsoring Organizations of the Treadway Commission has released an exposure draft of its Internal Control over External Financial Reporting: Compendium of Approaches and Examples.

At the very tail end of August, I went to scenic Rosemont, Ill., to catch the annual Midwest Accounting Jamboree, one of the biggest trade shows on the calendar, and I thought I’d share a few observations.

Legal and regulatory information provider Bloomberg BNA has launched its new Financial Accounting Resource Center to help accounting professionals keep up with changes in accounting standards.

The Public Company Accounting Oversight Board is heading to Houston to host its third public meeting on auditor independence and audit firm rotation.

Accounting Today and Best Companies Group have announced their list of the 2012 Best Accounting Firms to Work For, highlighting the top workplaces in the accounting profession.

The submission period for our Accountant of the Month contest for October ends first thing on Monday, Sept. 17 -- which means you still have time to enter!

The Institute of Chartered Accountants in England and Wales plans to develop guidance for auditors on providing assurance on interest rate benchmarks in the wake of the outcry over manipulation of the LIBOR, or London Inter-Bank Offered Rate, which cost the jobs of top executives at the British bank Barclays.

CCH has released a guide and toolset for auditors using the American Institute of CPAs’ newly clarified auditing standards.

Recent network memberships, awards, new Web sites and more

Approximately one year after joining the company as president and chief operating officer, Laurie Schultz was officially appointed chief executive of audit and risk management software developer ACL, effectively replacing Harald Will.