-
The Big Four global audit firms, which dominate the Chinese market, are negotiating with Beijing to lessen the impact of forced changes that could mean only accountants with Chinese qualifications can be partners in their audit practices.
February 28 -
The International Valuation Standards Council has begun a project with the goal of bringing greater consistency to how financial derivatives should be valued, even as the International Accounting Standards Board and the Financial Accounting Standards Board continue to tinker with their financial instruments accounting standards project.
February 27 -
The Public Company Accounting Oversight Board plans to hold an open meeting on Tuesday to consider issuing a proposed auditing standard on related parties and to amend other auditing standards to address significant unusual transactions and broker-dealer auditors.
February 24 -
-
What is the meaning of art? The IRS may have the answer.
February 21 -
A senior U.S. regulator was "optimistic" on Monday about finding a framework for the world's top economy to use global book keeping rules for investors to compare cross-border companies.
February 21 -
The Financial Accounting Standards Board and the International Accounting Standards Board are planning to host a series of outreach meetings around the world on their latest proposals for changes in the standards for revenue recognition.
February 17 -
The Public Company Accounting Oversight Board has revoked the registration for a firm for failing to file an annual report or pay its annual fee for 2011 and ordered the firm to pay a $5,000 penalty.
February 17 -
The Governmental Accounting Standards Board has expanded and updated its guide to understanding local government financial statements, and plans to publish more taxpayer-oriented guides later this year.
February 17 -
A new academic study finds that when public companies give their shareholders a vote on the selection of an external auditing firm, they are less likely to make financial restatements than those that don’t.
February 16 -
The Financial Accounting Foundation intends to conduct post-implementation reviews of several business and government accounting standards pertaining to business combinations, reportable operating segments, deposits, investments, and repurchase agreements, to see how well they have worked in practice.
February 15 -
Members of the Financial Accounting Standards Board held a two-day meeting this week with officials from the Accounting Standards Board of Japan how they could better align accounting rules.
February 10 -
-
Diamond Foods Inc removed top management after a probe by its audit committee found that the company improperly accounted for payments to walnut growers, sending its shares down 40 percent in after-hours trading.
February 9 -
The Public Company Accounting Oversight Board has imposed a $2 million civil penalty against Ernst & Young, the largest civil money penalty to date in the PCAOBs 10-year history, and censured the firm for audit failure, while sanctioning four of E&Ys current and former partners.
February 8 -
Professional accountants need to respond to increasing demand from investors for non-financial information, specifically environmental, social and governance disclosures, according to a new report.
February 6 -
The Center for Audit Quality has released its second video featuring hard-boiled external auditor, Ledger Lines, to explain how auditing works.
February 6 -
The Securities and Exchange Commission has named Jeanette M. Franzel, a managing director of the Government Accountability Office, as a member of the Public Company Accounting Oversight Board.
February 3 -
-
