Audit

The Public Company Accounting Oversight Board announced Thursday that it had permanently barred a Denver-based audit partner and permanently revoked the registration of a registered public accounting firm because the audit partner had participated in audits while subject to a previous bar.

Top 100 CPA and business advisory firm Cherry Bekaert & Holland has divested its Mobile, Ala.-based office to local accounting firm Wilkins Miller Hieronymus LLC for undisclosed terms.

Despite the ongoing sluggishness in the nation's economy, investors remain confident in publicly traded companies, that, according to the 5th annual "Main Street Investor" Survey.

The Financial Accounting Standards Board said Wednesday that it would consider postponing the effective date of certain provisions of a recently issued standard on the presentation of comprehensive income.

The Public Company Accounting Oversight Board has reached an agreement with Japanese regulators that will allow the two countries to carry out joint inspections of auditing firms in Japan and the U.S.

The Public Company Accounting Oversight Board voted Tuesday to propose requiring PCAOB-registered accounting firms to disclose the name of the engagement partner in the audit report they file for a corporate client and on the PCAOB Annual Report form.

A new report from a task force led by the International Federation of Accountants urges greater acceptance of globally accepted high-quality international standards for financial reporting, auditing, valuation and actuarial services and other regulations, to restore the proper functioning of the financial markets.

In his first speech in the U.S. as chairman of the International Accounting Standards Board, Hans Hoogervorst made the case for why the U.S. should adopt International Financial Reporting Standards.

CCH has introduced ProSystem fx Knowledge Coach for Comps & Reviews, a product that provides workflow tools for accounting firms that do compilations and reviews for clients.

The Public Company Accounting Oversight Board is finding more problems at the audit firms it is inspecting, not less.

PricewaterhouseCoopers took back the lead in global revenues from Deloitte Touche Tohmatsu, posting $29.2 billion in annual revenue worldwide.

The Financial Accounting Standards Board’s Not-for-Profit Advisory Committee has recommended a set of fundamental changes in the accounting rules for nonprofit organizations that would require them to explain their finances to donors and other interested parties in greater detail.

The Public Company Accounting Oversight Board has issued an alert to make auditors more aware of the risks they face when auditing companies with operations in emerging markets such as China.

The Financial Accounting Foundation’s board of trustees released a proposed plan Tuesday calling for the establishment of a new council that would be able to identify, propose and vote on improvements to U.S. accounting standards specifically for private companies, but the changes would still be subject to ratification by the Financial Accounting Standards Board.

The Financial Accounting Foundation is poised to release the proposals of its trustee working group for changing the structure and process of the Financial Accounting Standards Board's oversight of standards for private companies and nonprofits.

The Internal Revenue Service needs to take additional steps in order to expand its audits to include returns from prior or subsequent years when taxpayers being audited may owe substantial taxes.

Accounting Today has released its annual list of the Best Accounting Firms to Work For, which identifies and honors the best places of employment in the accounting industry.

H&R Block announced Thursday it will discontinue service under its ExpressTax brand, which primarily served early filers who wanted quick refunds and currently has 269 franchise offices.

While Southeast accounting firm Elliott Davis scored first in four categories of university and employer ranking Web site Vault.com’s Accounting Quality of Life Rankings for 2012, accounting firms shared the wealth in the other 11 categories.

A total of 33 state CPA societies representing over 275,000 CPAs have written letters so far to the Financial Accounting Foundation or passed resolutions urging the FAF to create a new accounting standard-setting board for privately held companies, according to the American Institute of CPAs.