Audit

Canada's transition to International Financial Reporting Standards, while improving transparency and comparability of Canadian companies, will likely not affect credit ratings, according to a new report from Moody's Investor Service.

Tommaso Padoa-Schioppa, who was appointed only six months ago to oversee the board that sets international accounting standards, died of a heart attack on Saturday night.

The Governmental Accounting Standards Board has issued revisions to its financial reporting entity standards to better account for business-type activities at government-run institutions such as state universities.

KPMG reported a 2.6 percent increase in annual revenue worldwide Thursday to $20.63 billion from $20.11 billion, a 0.1 percent increase in local currency terms.

Accounting bodies from three countries have found an increase in sustainability strategies to address climate change, particularly within large companies.

The Public Company Accounting Oversight Board has established a new Office of Outreach and Small Business Liaison.

Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders.

Two years after revelations emerged of Bernard Madoff’s multibillion-dollar Ponzi scheme and only days after the suicide of Madoff’s eldest son, the Public Company Accounting Oversight Board proposed a set of rules on Tuesday to begin expanding the PCAOB’s oversight authority to encompass audits of securities brokers and dealers.

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The International Accounting Standards Board has proposed new standards that aim to simplify the accounting for hedging activities.

Harold Katz, one of the founders of the organization CPAs Reforming Our Profession, or CROP, has died at the age of 77.

The Institute of Internal Auditors has formed the IPPF Oversight Council, a multi-organizational group that will monitor the process for developing guidance within the International Professional Practices Framework.

Several years ago when an architect we hired for anaddition to our house unfolded his blueprints on the dining room table, theundisputed general contractor on the job (my wife) assumed the sort of facialexpression one makes when their pleasant-looking blind date doesn't resembleScarlett Johansson or Cristiano Ronaldo.

The Committee of Sponsoring Organizations of the Treadway Commission has initiated a project to review and update the COSO Internal Control - Integrated Framework.

The Financial Accounting Foundation said it would conduct post-implementation reviews of financial accounting and reporting standards issued by the two boards it oversees, the Financial Accounting Standards Board and the Governmental Accounting Standards Board.

A bipartisan task force has issued a plan to cut the size of the national debt and the federal budget deficit through taxes and other means.

Please do not adjust your set. This is still WebCPA, but now it’s been rechristened Accounting Today for the WebCPA.

The rules have changed for firms that perform interim reviews and year-end audits of client financial statements

BDO USA LLP kicked off the firm’s Centennial Partners Meeting on Monday.

The Public Company Accounting Oversight Board presented an interactive session on inspection case studies at its fourth annual International Auditor Regulatory Institute.