Audit

The Public Company Accounting Oversight Board said in a report Monday that its initial inspections of auditors of broker-dealers uncovered problems with all of the audits.

Accounting Today has partnered with leading bill payment, invoicing and cash management solution provider Bill.com on a new video panel, "Finance in the Cloud," that features an in-depth discussion of the potential and best practices for accountants operating in the cloud.

"Sister, Sister" Producers Sue Accounting Firm

Accounting Today has announced the agenda of its third annual Growth & Profitability Summit, which will be held Oct. 28-30, 2012, in Boca Raton, Fla.

The Financial Reporting Executive Committee of the American Institute of CPAs has issued a working draft of the accounting content of a proposed Audit and Accounting Guide on not-for-profits.

Michael Biondo, a tax manager at the Buffalo, N.Y.,-based firm of Freed Maxick CPAs PC -- also know as as Duke Maynard von dem Steine in the kingdom of AEthelmearc -- was recently selected as Accounting Today’s newest Accountant of the Month.

The Financial Accounting Standards Board has released a proposed Accounting Standards Update that is intended to improve the presentation for reclassifications out of accumulated other comprehensive income in a manner that balances the benefits to users of financial statements, without imposing significant costs to preparers of financial statements.

The Public Company Accounting Oversight Board on Wednesday adopted Auditing Standard No. 16, Communications with Audit Committees, which establishes requirements that enhance the relevance and timeliness of communications between the auditor and audit committee, in addition to amendments to other PCAOB standards.

A new whitepaper from Big Four firm PwC US says that internal audit departments should play a critical role in reducing their organization’s risk of data breaches and threats.

Submissions for our September Accountant of the Month close next Friday, Aug. 17

Stephen D. Mayer has stepped down as CEO of Top 100 California firm Burr Pilger Mayer, effective August 1, according to an internal email obtained by Accounting Today.

Join us at our 2012 Growth & Profitability Summit

The Financial Reporting Executive Committee of the American Institute of CPAs has released a working draft of a new version of one of its valuation guides, and is calling for feedback on a new chapter in the guide.

British soccer team Manchester United, which went public on the New York Stock Exchange on Friday, said in its IPO filing that it may take advantage of the relaxed reporting and auditing requirements for so-called “emerging growth companies” in the JOBS Act.

The International Accounting Education Standards Board has drafted a proposed revision of its standards for the professional development of audit engagement partners.

Recent promotions, new hires and more

The Public Company Accounting Oversight Board has named Gregory J. Jonas as the new director of its Office of Research and Analysis.

Brenda Blunt will join Eide Bailly's nonprofit practice as a partner in its Phoenix office

Accounting Today has extended the deadline for submissions for its newest list, of the Managing Partner Elite.

A trip to the Great White North sparks some interesting questions about accountants' duties.