Audit

Joe Adams, managing partner and CEO of McGladrey, expects the firm to expand more in the Western part of the U.S. and into technology consulting areas such as cloud computing.

An independent study of the Governmental Accounting Standards Board commissioned by its parent organization finds opinions divided on what GASB’s responsibilities should include as a standard-setter for state and local government accounting.

The trendy new term in the high-tech arena is “crowdfunding.” Both the President and Congress jumped on the crowdfunding bandwagon as a way to show they are doing something about the economy by passing the JOBS Act. What exactly is crowdfunding? Here’s one introduction through the eyes of a professional accountant and auditor.

CBIZ reported a 1.57 percent decline in small business employment in the month of July

Recent promotions, new hires and more

The Public Company Accounting Oversight Board has issued a release to provide information to audit committees about its inspection process and how they might use the inspection reports to question their auditing firms.

Audit and compliance technology maker ACL Services Ltd. and global information optimization software and service provider Datawatch Corporation formed a strategic alliance that will help provide audit, risk and compliance professionals with the ability to analyze data trapped in PDFs, HTML files, print files and other content-rich data sources.

The Spirit of Accounting

Top stories from the past month in audit and assurance.

The Sarbanes-Oxley Act of 2002 has strengthened corporate governance and improved audit quality in the past decade, according to a new report by Ernst & Young, "The Sarbanes-Oxley Act at 10," which marks the 10-year anniversary of the landmark legislation.

While significant progress has been made in both technology and processes to establish best practices in audit management, a common pitfall remains for many organizations: disparate silos of information and business processes. These different workflows contribute to a new type of business risk -- the audit performance gap.

Grant Thornton's Stephen Chipman on the new Private Company Council

Odds have now turned against those hoping that the health care law passed in 2010 will "just go away."

The Financial Accounting Standards Board has issued a staff paper with recommendations on which criteria and circumstances should be used to determine when it is appropriate to adjust U.S. GAAP reporting requirements for private companies.

Critics of fair value accounting have indicted it as being the cause, or at least having exacerbated, the global financial crisis of 2007-2008.

The Financial Accounting Foundation is seeking people who would like to participate in a post-implementation review survey of how well its business combinations standard has worked.

As we acknowledge the 10th anniversary of the Sarbanes-Oxley Act, we are once again in a period of re-examination of the role, relevance, and reliability of financial audits in protecting investors and the public interest. This seems to be, in part, a reaction to the financial crisis of the past few years.

The International Accounting Education Standards Board has released a proposed revision of its professional development standard for educating accountants in values, ethics and attitudes.

A House subcommittee held a hearing to examine the impact of the Sarbanes-Oxley Act of 2002, which marks its 10th anniversary this coming Sunday.

Top 100 Firm Weaver LLP promoted a half dozen employees to partner, with Jayna Bovre named partner-in-charge of the Fort Worth office.