The Public Company Accounting Oversight Board has issued a concept release that aims to overhaul the auditor’s reporting model, describing different alternatives to provide more information to investors from the auditors of publicly traded companies.

A federal appeals court ruled in favor of PricewaterhouseCoopers during a lawsuit involving overtime pay for junior accountants.

Total goodwill impairment charges continued to fall sharply across a number of industries nationwide throughout 2010, and the number of companies recording goodwill impairment charges dropped by 41 percent, according to a new study by KPMG.

The Financial Accounting Standards Board and the International Accounting Standards Board issued amendments Thursday to improve and align the presentation of items of other comprehensive income in financial statements prepared in accordance with International Financial Reporting Standards and U.S. GAAP.

Accounting Today has introduced a new app for the Apple iPad and iPhone that lets readers access the magazine’s features and content from the palm of their hand.

The Securities and Exchange Commission unanimously proposed amendments Wednesday to the broker-dealer financial reporting rule to strengthen audits of broker-dealers as well as the SEC’s oversight of the way broker-dealers handle their customers’ securities and cash.

The Financial Accounting Standards Board and the International Accounting Standards Board agreed Wednesday to re-expose their revised proposals for a common revenue recognition standard, allowing people to offer further suggestions for changes.

The three-decade-long debate of having differential standards for private companies, the tougher regulatory climate on Capitol Hill, the meteoric rise in cloud and mobile computing and the changing demographics were cited among the top issues impacting the profession.

The Public Company Accounting Oversight Board voted Tuesday to adopt rules to implement provisions of last year’s financial reform bill to begin inspecting auditors of securities brokers and dealers.

CCH and Baker Tilly International have begun a strategic partnership that will enable accounting firms in the Baker Tilly International network to receive CCH news, insights and other information services.

XBRL software, services and data provider Edgar Online has introduced Xcelerate XBRL Taxonomy Services for U.S. GAAP, a consultancy advisory service that helps firms meet the XBRL filing requirements of the Security and Exchange Commission.

Sage North America unveiled a new Sage Accountants Network program Thursday aimed at helping practitioners that serve nonprofit and governmental organizations.

The Public Company Accounting Oversight Board has scheduled a meeting for Tuesday to consider adopting certain rules to implement expanded oversight and inspection for registered accounting firms’ audits of brokers and dealers.

LogixData released the SEC Analyzer, a new product to assist with compliance and disclosure with the SEC.

The Securities and Exchange Commission has stopped a pair of advertising executives who launched a campaign to buy Pabst Brewing Company by soliciting investors on Facebook and Twitter.

Check out the digital edition of the June 2011 issue of Accounting Today.

Check out the digital edition of the June 2011 issue of Accounting Today.

Two reports from the Maryland Association of CPAs and Grant Thornton paint different pictures of whether accountants favor a separate standard-setting board for private company accounting.

The Public Company Accounting Oversight Board could begin requiring public companies to rotate their auditing firms on a regular basis to reduce conflicts of interest.

The Financial Accounting Standards Board has begun a new educational webcast series that will provide continuing professional education credit to those who participate in the live broadcasts