Audit

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

Recent network memberships, awards, new Web sites and more

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.

Internal auditors feel they need more visible and vocal support from senior managers within their organizations as changing demands put them under more pressure, according to a new survey.

Armanino Consulting, a Microsoft Dynamics reseller and the business consulting division of Top 100 Firm Armanino McKenna, has partnered with business software provider Axonom to launch a "fully unified" ERP/CRM product for semiconductor and high-technology electronics companies.

Top 20 Firm Moss Adams LLP has launched FastForm, an online tool to help nonprofits and tax-exempt organizations fill out the complex Form 990.

One employee's trash is another's welcoming gift

Wolters Kluwer Audit, Risk & Compliance has released a new report on how different organizations are using auditing technology.

A new Web site aims to draw attention to accountants in the Seattle area.

After looking into the role of the auditors in the recent accounting scandals at camera-maker Olympus Corp., Japan's Financial Services Agency ordered KPMG Azsa LLC and Ernst & Young ShinNihon LLC to improve their systems -- though it noted that it had not found "any intentional acts or grave negligence."

The July edition of Accounting Today's Accountants Confidence Index marked a major milestone when, for the first time since it was started last fall, the short-term ACI reading indicated that the panel of accountants expect a contraction over the next three months.

The International Public Sector Accounting Standards Board has released for comment a consultation paper on its future work program for the next two years.

Accounting Today is now accepting candidates for its annual Top 100 Most Influential People in Accounting list.

Sitting at my desk, just over a mile’s walk from Independence Hall, the site where John Hancock famously put his signature on the Declaration of Independence, I can’t help but reflect on why we celebrate the Fourth of July.