Audit

Electronic confirmation service Confirmation.com pointed out Monday that its system helped uncover a more than $200 million fraud perpetrated by Peregrine Financial Group’s PFGBest unit.

Effective internal controls reasonably prevent material misstatements in financial reporting and fraud, but poor internal controls have hurt businesses, investors and the public accounting profession.

Less than half of senior insurance executives from companies around the world believe the U.S. should abandon U.S. GAAP standards in favor of International Financial Reporting Standards, according to a new survey.

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The Public Company Accounting Oversight Board has entered into a cooperative agreement with the Spanish auditing firm regulator to allow joint inspections to begin this year for firms in Spain and the U.S.

The Financial Accounting Standards Board said it is taking a different approach than the International Accounting Standards Board in the impairment of financial instruments after a joint meeting Wednesday.

The assurance, tax, and consulting firm intends to fill 300 to 500 positions to its new corporate headquarters

The Securities and Exchange Commission’s final staff report on International Financial Reporting Standards seemed to bend over backwards to avoid making a recommendation to the SEC commissioners on how they should vote, but with all the many drawbacks listed in the report, it’s questionable how the SEC could ever vote at this point to support IFRS.

The revolving door between the Securities and Exchange Commission and the financial industry is not as big a problem as it is seems to outside observers, according to a new study.

Unraveling the SEC's intentions -- and even it's timeline -- on IFRS requires special expertise ...

The multimedia site will share tips on how to minimize fraud risk and mitigate damage through podcasts, videos and webinars

The International Accounting Standards Board responded with dismay to the Securities and Exchange Commission staff report on International Financial Reporting Standards.

The Office of the Chief Accountant of the Securities and Exchange Commission published its final staff report on the Work Plan for global accounting standards.

The New Mexico Finance Authority has discovered that a former controller claimed its financial statements for 2011 had been audited by outside auditor Clifton Gunderson when in fact they were not.

The Securities and Exchange Commission has voted to require national securities exchanges and the Financial Institution Regulatory Authority to establish a market-wide consolidated audit trail to enhance the ability of regulators to monitor and analyze trading activity.

Submissions for our August Accountant of the Month close next Tuesday, July 17

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The Financial Accounting Standards Board is inviting comments on its proposed Disclosure Framework, requesting input on ways to improve the effectiveness of disclosures in notes to financial statements.

The Obama administration announced a series of actions Wednesday to aid small businesses and create jobs.

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.