Audit

Deloitte has begun adjusting salaries to offset the income taxes paid by Deloitte professionals who provide coverage to their domestic partners—both same sex and opposite sex—on their medical or dental plans, effective June 3.

Final statements and certain other pronouncements issued by the Governmental Accounting Standards Board will now be available for downloading at no cost on the GASB Web site.

The Financial Accounting Foundation has issued a request for nominations for candidates to serve on its newly created Private Company Council.

Check out the digital edition of the June 2012 issue of Accounting Today.

The relatively new knowledge-based audit offers benefits in streamlining, efficiency and accuracy to firms of all sizes.

The latest developments in accounting and auditing

Top 100 Firm Postlethwaite & Netterville's Melissa Peroyea receives Health Care Leadership Award

The Financial Accounting Foundation has issued its final report on establishing a new Private Company Council that will have the ability to recommend changes in accounting standards for privately held companies.

The Center for Audit Quality has selected five new academic research proposals for funding.

No one understands your organization as well as you do -- which is why you have to help them navigate it.

Recent promotions, new hires and more at accounting firms across the country.

While most observers are reluctant to forecast any tax legislation prior to the November elections, there is legislation pending in Congress that, if enacted, would be a boon to small business and help jumpstart the economy.

Public Company Accounting Oversight Board Chairman James Doty discusses the need for regulating the audit profession internationally, including in China. He also discusses the concept release on mandatory audit firm rotation, and why even the new category of emerging growth companies in the JOBS Act should be subject to audits. He was interviewed at the PCAOB offices by AccountingToday.com editor-in-chief Michael Cohn after the AICPA's Spring Meeting of Council in Washington, D.C.

The Institute of Management Accountants has thrown its support behind the Financial Accounting Foundation’s plan to establish a Private Company Council to improve the process of setting accounting standards for private companies.

The Professional Accountants in Business Committee of the International Federation of Accountants has proposed guidance to help accountants improve their business reporting processes.

Financial Accounting Foundation president and CEO Terri Polley explained to Accounting Today some of the thinking behind the new Private Company Council that the FAF Board of Trustees voted to create on Wednesday.

The American Institute of CPAs has agreed to lend its support to the new Private Company Council established by the Financial Accounting Foundation after opposing an earlier version proposed by the FAF last year.

The Public Company Accounting Oversight Board has revoked the registation of an upstate New York firm for relying on outside firms in China and Taiwan to audit three companies in those countries while exercising little supervision.

The Financial Accounting Foundation’s board of trustees has voted to establish a new Private Company Council that will determine whether exceptions or modifications to U.S. GAAP for privately held companies are necessary.