Regulation and compliance
Regulation
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The Big Four accounting firms are reportedly rebuilding their legal service practices, after abandoning much of that area over a decade ago in response to Sarbanes-Oxley restrictions.
July 30 -
Among large firms, KPMG and Marcum LLP tied for the most new Securities and Exchange Commission audit clients in the second quarter of 2014.
July 24 -
The International Accounting Standards Board has issued the final element of its own long-awaited financial instruments accounting standard after failing to reach a consensus with the U.S. Financial Accounting Standards Board on key elements related to credit losses and loan impairments.
July 24 -
Financial restatements declined substantially in the decade after the passage of the Sarbanes-Oxley Act of 2002, according to a new academic study.
July 24 -
On the same day that the Securities and Exchange Commission issued long-awaited rules for money market mutual funds, the Internal Revenue Service has issued its own rules for money market funds and wash sales.
July 23 -
The International Accounting Education Standards Board has begun a new project to improve the relevancy, clarity and consistency of its standards along with their applicability to members and associates of the International Federation of Accountants.
July 23 -
Accounting Today and Accountingfly have announced Advance 2014: The Accounting Career Summit, a week-long event featuring a series of high-profile webinars on recruitment, retention and the accounting job market, culminating in an online job fair.
July 23 -
An Indianapolis CPA firm has settled a lawsuit with Indianas Secretary of State for $1.8 million after it served as the accounting firm of a convicted Ponzi schemer.
July 22 -
The Public Company Accounting Oversight Board has entered into a cooperative arrangement with the Danish Business Authority for the oversight of audit firms in both regulators jurisdictions.
July 18 -
ACG New York taps CBIZ as accounting firm of the year, a new firm emerges in Jamaica and more
July 18 -
Lawmakers who are part of a group of current and former CPAs and accountants in Congress are expressing concern about the possibility of the Securities and Exchange Commission allowing U.S. companies a choice of using either U.S. GAAP or International Financial Reporting Standards.
July 18 -
The Financial Accounting Standards Board voted Wednesday to finalize an accounting and financial reporting standard aimed at increasing transparency and consistency of financial reporting about consolidation.
July 16 -
The Financial Accounting Standards Board has proposed a pair of Accounting Standards Updates aimed at simplifying the process of inventory measurement and eliminating the requirements for extraordinary items.
July 15 -
After rebounding sharply in June from months of decline, the Accountants Confidence Index split into two directions this month, with the short-term and mid-term readings heading apart, though both remain positive.
July 15 -
Ernst & Young has agreed to pay $4 million to settle charges brought by the Securities and Exchange Commission accusing the firm of violating auditor independence rules by lobbying congressional staff on behalf of two auditing clients.
July 14 -
UNC to offer its master of accounting program online , AWSCPA taps Clark Nuber among the best firms for women, and more
July 11 -
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The majority of attendees at a roundtable discussion Thursday in Washington, D.C., on enhancing the ethics standards for accountants favored changes by the International Ethics Standards Board of Accountants to permit reporting of illegal acts.
July 10 -
The American Institute of CPAs is offering a new, free newsletter called Inclusion Solutions.
July 10 -
The Securities and Exchange Commission has begun sending letters to public companies that fail to file their financials with all the necessary data using Extensible Business Reporting Language technology.
July 10