The Public Company Accounting Oversight Board posted its 2010 inspection report on Deloitte & Touche on Tuesday, highlighting what it called “audit failures.”

The U.S. Public Company Accounting Oversight Board said Tuesday it has entered into a cooperative agreement with the Arab state of Dubai for the oversight of auditors in both countries.

The Public Company Accounting Oversight Board voted Tuesday to re-propose for public comment its proposed standards for how auditors should communicate with audit committees.

The Institute of Internal Auditors has sent a comment letter to the Public Company Accounting Oversight Board taking issue with the PCAOB’s proposal to require mandatory rotation of audit firms for listed companies, echoing concerns from the American Institute of CPAs and the New York State Society of CPAs.

The Committee of Sponsoring Organizations of the Treadway Commission has released for public comment an updated version of its internal control framework in response to changes in the business environment and their associated risks.

Jeffrey Thomson, president and CEO of the Institute of Management Accountants, worked for over two decades in the telecommunications industry and knows a thing or two about competition.

The Financial Accounting Standards Board and the International Accounting Standards Board issued common disclosure requirements Friday to help investors better understand the impact of offsetting, or netting, on a company’s financial position.

Lack of clarity about the requirements for the Small Business Lending Fund that was established last year by the Small Business Jobs Act led to confusion among both lenders and borrowers alike, according to a new government report.

IMGCAP(1)]As the SEC’s limited liability provisions on Extensible Business Reporting Language data begin to expire, public companies find themselves looking for answers about how current and future legislation will affect their filings.

The Securities and Exchange Commission has released its latest review of Interactive Data Financial Statement submissions and found that filers are making progress.

IMGCAP(1)]Check out the digital edition of the December issue of Accounting Today.

Olympus has until December 14 to fix its financial statements in the wake of a high-profile accounting scandal if the camera maker wants to retain its listing on the Tokyo Stock Exchange.

The American Institute of CPAs and two Brazilian accounting organizations have signed a two-year agreement paving the way for the CPA Exam to be offered in South America next year.

Former U.S. Senator and New Jersey Governor Jon Corzine faced questions from a skeptical congressional panel Thursday over his role in the collapse of MF Global and the disappearance of $1.2 billion from customer accounts.

Proposed changes in lease accounting standards could have a broad negative impact on the U.S. economy, triggering a $10 billion reduction in gross domestic product and 60,000 fewer jobs by 2016, according to a new study from the Equipment Leasing & Finance Foundation.

The Financial Accounting Standards Board and the International Accounting Standards Board appear to be growing tired of trying to resolve their many disagreements after 10 years of ups and downs in their relationship, and the main question now seems to be whether it will be an amicable split.

The Public Company Accounting Oversight Board has published a staff alert cautioning auditors to beware of the risks of material misstatements in the financial statements they audit in today’s volatile economic environment.

Financial Accounting Standards Board chair Leslie Seidman advocated a cautious transition to International Financial Reporting Standards during a speech Tuesday in which she said the board should retain its control over U.S. GAAP.

IMGCAP(1)]Many of us on the Blue Ribbon Panel on Standard Setting for Private Companies believed we were on the verge of an historic change that would have relieved millions of private companies of accounting standards geared more to the needs of public companies and their financial statement users.

The Securities and Exchange Commission will delay its eagerly anticipated decision for a few more months on whether or not to incorporate International Financial Reporting Standards into the U.S. financial reporting system.