Audit

The International Auditing and Assurance Standards Board has issued a practice alert to help auditors and management assess the impact of the credit crisis on going-concern assumptions.

KPMG has named a new chief information officer and a new leader of its tax restructuring and corporate recovery practice.

The Securities and Exchange Commission's Office of Economic Analysis has extended the deadline to January 31 for public companies to participate in a Web-based survey about the costs and benefits of Section 404 of the Sarbanes-Oxley Act.

Bernard Madoff's longtime auditor is gravely ill with cancer and his family has reportedly lost much of their money from investing in the $50 billion Ponzi scheme.

Retirement recordkeeping software developer ExpertPlan has acquired Actuarial Enterprises Inc., a third-party administrator of defined benefit and insurance plans.

Deloitte Touche Tohmatsu sees continuing problems for the global economy in the first quarter of 2009 in a new report, but predicts that companies can still find attractive opportunities in emerging nations in the years ahead.

Adaptive Planning introduced the latest version of its on-demand corporate financial planning software, adding new collaboration features, including cell notes and an audit trail.

Henry R. Keizer is global head of audit for KPMG International and also serves as U.S. vice chair, audit, for the U.S. member firm, KPMG LLP.

Indian outsourcing company Satyam Computer Services has chosen Deloitte and KPMG to help restate financial statements audited by PricewaterhouseCoopers' Indian affiliate, Price Waterhouse, after Satyam's chairman admitted to a massive accounting fraud.

Rosen Seymour Shapss Martin & Co. has merged with another New York accounting firm, Miller Ellin & Co., expanding RSSM's ability to service its audit, tax and consulting clients.

The American Institute of CPAs has released an alert warning about audit risks from the economic crisis.

The Public Company Accounting Oversight Board said the financial statements of non-public broker-dealers now need to be certified by PCAOB-registered auditing firms.

College students attending an Ernst & Young tax career event acknowledged they are seeing more interest on campus in accounting as jobs in the financial industry dry up.

Accounting Today is in the midst of compiling its annual list of the Top 100 Firms.

Nearly two-thirds of executives anticipate an increase in accounting fraud in the next two years, according to a recent poll by Deloitte.

Patty Duke and her look-alike cousin from her old TV series are back, this time helping seniors apply for Social Security benefits online.

The Center for Audit Quality has named Mary Moore Hamrick as director of external relations and strategic planning.

Accounting firm Parente Randolph has merged with two other firms: Altenburger, Uris, Caglioti & Heyman, and William R. Hoffman Ltd.

The Internal Revenue Service recently gave 403(b) plan sponsors an extra year to comply with new requirements.

The Financial Accounting Standards Board has released a staff position officially deferring the effective date of FASB Interpretation 48, "Accounting for Uncertainty in Income Taxes," for nonpublic pass-through entities and nonprofit organizations, and released guidance on accounting for the assets in postretirement plans.