Audit

Check out the digital edition of the August issue of Accounting Today.

The International Public Sector Accounting Standards Board has published new guidance on how the public sector can account for employee benefits around the world and is also considering changes in how to account for financial instruments.

The new lease accounting standard will have an impact beyond the usual suspects of airlines and retailers, with even cloud computing providers taking a hit, thanks to their leases of computer servers.

Innovation means the future for auditing is about more than just the numbers.

The Financial Accounting Standards Board has proposed a new accounting standards update that would require public and private companies to change the way they report income taxes on their financial statements.

Brian Croteau, deputy chief accountant at the Securities and Exchange Commission’s Office of the Chief Accountant, plans to step down.

The Institute of Management Accountants said Monday that it has reached a milestone of 50,000 holders of its Certified Management Accountant credential.

The Securities and Exchange Commission has suspended EFP Rotenberg LLP and an accountant at the firm for failing to detect fraud in the audit of a public company client, ContinuityX Solutions.

The internal audit profession is seeing a bit of a gender shift, as more women become chief audit executives.

James Schnurr, the chief accountant in the Securities and Exchange Commission’s Office of the Chief Accountant, has been seriously injured in a bicycling accident, and the SEC named deputy chief accountant Wesley R. Bricker as interim chief accountant while Schnurr recuperates.