Audit

CCH has created new software to make the audit process more efficient.

The Center for Audit Quality has re-elected four members of its governing board.

Seven in ten Americans ages 45-74 say they plan to work in retirement or never retire, according to AARP. In stark contradiction to the single paradigm of “retirement” as an end to work, older Americans are redesigning the whole notion of life and work.

The task of making financial reporting simpler and more useful isn’t so simple as one might hope, according to several influential accounting officials who met to discuss the problem.

Small-business owners and industry representatives told a House committee that the tax breaks in the stimulus package passed by Congress in February have helped some companies.

The Senate has voted unanimously to reauthorize the Small Business Innovation Research and Small Business Technology Transfer programs for eight more years and make several changes to the programs that provide monetary awards to small businesses.

The Public Company Accounting Oversight Board has released reports on the audit deficiencies that its inspectors found last year at BDO Seidman and Grant Thornton.

The International Accounting Standards Board has proposed changing the accounting standards for measuring and classifying financial instruments in response to concerns raised by the financial crisis.

The Center for Audit Quality’s Research Advisory Board has chosen five auditing-related academic research projects to fund.

Web 2.0 technologies like XML, web services and social networking have taken off like wildfire and have caught many accounting professionals off-guard.

Accounting firm Crowe Horwath LLP has advice on the top 10 ways that corporations can reduce occupational fraud.

Turmoil in the financial markets has negated the value of fair value accounting, according to more than half the respondents to a new survey.

IMGCAP(1)] Malik, a first-year African-American associate assignedto a major accounting firm’s California office, frets that he has blownhis one chance to make a good first impression:

The International Federation of Accountants and the International Ethics Standards Board for Accountants have issued a revised Code of Ethics for Professional Accountants that strengthens the independence requirements of auditors.

The Financial Accounting Standards Board has added a new project to its agenda aimed at making financial disclosures more organized and less redundant.

The International Accounting Standards Board has published a stripped-down set of International Financial Reporting Standards aimed at small and midsized privately held businesses.

Ever since we launched a redesigned Web site in late April, we’ve been eager to add new features and we can finally roll out the first major one.

IMGCAP(1)] During my first of two summers as an intern at Ernst & Young, I had the opportunity to go to a New York City high school with my fellow audit interns to teach students about financial planning processes. I had a flashback to my own high school experience at A. Philip Randolph High School in Harlem, New York City, where I had a wonderful mentor: Ms. Helise Owens of the Minds Matter program. She met with me every Saturday throughout high school to expose me to the possibility of higher education. She made a difference.

Sen. Charles Grassley, R-Iowa, has introduced a bill to lower the tax burden on small businesses.

Sageworks has released two new analytical procedure modules for auditing government entities, banks and other financial institutions.