Audit

President Barack Obama has announced a set of initiatives aimed at kick-starting the market for small-business loans.

Accounting firms are managing overall to maintain their rates, client services and staff even as the economy continues to challenge them and their clients, according to a new survey.

International Accounting Standards Board chairman Sir David Tweedie said he won’t wait for the board’s U.S. counterpart to finalize its own revisions to fair value accounting for financial instruments.

As the SEC resurrects its focus on the roadmap to adopt International Financial Reporting Standards, the 30-plus year debate over a GAAP for private companies has progressed somewhat but remains on the back burner amidst legislative and standard-setters’ priorities for global convergence

The House Financial Services Committee has approved legislation that would require regulation of the over-the-counter derivatives market.

The International Auditing and Assurance Standards Board is seeking views on developing fair value auditing guidance for a new consultation paper.

A trade group representing insurance and reinsurance companies has taken exception to a proposed standard on fair value accounting and said it will make financial statements harder to understand.

Current Grant Thornton CEO Ed Nusbaum and incoming CEO Stephen Chipman talked about the Supreme Court’s upcoming hearing of a challenge to the constitutionality of the Public Company Accounting Oversight Board.

Just who is Rebecca Ryan?

The Securities and Exchange Commission has released a draft of a five-year strategic plan that calls for “a single set of high-quality global accounting standards.”

The staffing level of internal audit departments was hurt badly by the recession, but the worst might be over, according to a new survey.

Seventy percent of CFOs and other finance professionals support approval of the Securities and Exchange Commission’s roadmap for adopting International Financial Reporting Standards, according to a new survey by Deloitte.

The Association of Chartered Certified Accountants recommends in a new report that environmental regulators should work with international accounting standard-setters to develop a universally applicable climate change reporting standard for organizations of all sizes.

The Financial Accounting Standards Board has expanded the use of interactive data-tagging technology in its official FASB Accounting Standards Codification.

The Securities and Exchange Commission has again delayed the deadline for small public companies to begin providing an audited assessment of internal controls over financial reporting, but said this will be the last time.

Stephen Chipman, incoming chief executive of Grant Thornton LLP and Ed Nusbaum, incoming chief executive of Grant Thornton International, talk to Accounting Today Editor-in-Chief Bill Carlino about why a recent college grad should choose their firm. We also learn that, yes, Nusbaum has his own iPod.

Accounting firm Reznick Group has created a SAS 70 site that contains information on the auditing standard and the firm’s services.

Police have raided the offices of PricewaterhouseCoopers and KPMG in Iceland searching for information related to banking clients that went bust.

Firms decry PCAOB's proposal on requiring audit signatures

The Public Company Accounting Oversight Board has delayed the effective date of its new rules requiring accounting firms to report on events such as litigation so it can resolve technical issues with the Web-based system it plans to use for receiving the reports.