Audit

Accounting and business consulting firm J.H. Cohn announced revenues of $236 million for the fiscal year ending Jan. 31, 2011.

The Securities and Exchange Commission has released a study recommending that the existing auditor attestation requirement in Sarbanes-Oxley be kept in place for companies with a public float of between $75 million and $250 million.

The International Public Sector Accounting Standards Board has published its 2011 Handbook of International Public Sector Accounting Pronouncements.

The Financial Accounting Standards Board has issued an exposure draft of a proposed Accounting Standards Update that aims to simplify how an entity is supposed to test goodwill for impairment.

The Financial Accounting Standards Board and the International Accounting Standards Board provided a progress report Thursday on the latest timeline for their major convergence projects.

The American Institute of CPAs has included the latest guidance from the Financial Accounting Standards Board on accounting for mergers and acquisitions in the newest edition of its book Accounting Trends & Techniques.

The International Accounting Education Standards Board proposed changes in its ethics standards to provide for learning and development activities in professional values and ethics for accountants throughout their careers.

Leaders of the Financial Accounting Standards Board and the International Accounting Standards Board said Thursday they have pushed back their work on the handful of “priority” projects they had committed to complete this year.

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Today’s audit committees expect more from their chief audit executives than ever before, and financial and business acumen are no longer sufficient, according to a new report.

In the decade I've been at the helm of this publication, I'm always amazed - and disappointed - at the sort of double standard that exists when it comes to the treatment of the accounting profession versus other services in the wake of a crisis.

Congress held a hearing Wednesday on the role of the accounting profession in preventing another financial crisis, listening to testimony from accounting regulators, standard-setters and critics.

The Public Company Accounting Oversight Board has struck a cooperative agreement with Swiss regulators that will allow the U.S. and Switzerland to establish a cooperative framework for supervisory oversight of auditors that practice in each country.

The Financial Accounting Standards Board has revised its accounting standards to provide greater consistency in the treatment of various types of debt restructuring.

The Securities and Exchange Commission has sanctioned five India-based affiliates of PricewaterhouseCoopers that formerly served as independent auditors of Satyam Computer Services Limited for repeatedly conducting deficient audits of the company’s financial statements and enabling a massive accounting fraud to go undetected for several years.

Baseball aficionados know the frustration of their favorite teams promising "wait until next year," at the tail end of yet another season that even the best PR spin could only be described as "rebuilding."

The American Institute of CPAs has introduced a new course of study leading to a Certificate of Educational Achievement in International Financial Reporting Standards, demonstrating IFRS competency to employers, firms and clients.

Thomson Reuters has introduced a consulting service to help accounting firms comply with new requirements for review engagements.

The Internal Revenue Service increased its audits of high-income taxpayers last year by as much as 75 percent.

CBIZ MHM LLC has formed a national specialty practice group focused on forensic services, bankruptcy and valuation.