Regulatory actions and programs

The latest developments in accounting and auditing

Our exclusive interview with the newest member of the Public Company Accounting Oversight Board, Jeanette Franzel.

Grant Thornton CEO Stephen Chipman speaks out on regulation, accounting standards and China

It's time for new thinking on accounting for pensions and OPEBs

Warranty goodwill liability rules need a second look.

Blue Ribbon Panel member David Morgan responds to Ed Kliegman's letter to the editor.

Top 100 Firm Postlethwaite & Netterville's Melissa Peroyea receives Health Care Leadership Award

The Financial Accounting Foundation has issued its final report on establishing a new Private Company Council that will have the ability to recommend changes in accounting standards for privately held companies.

While most observers are reluctant to forecast any tax legislation prior to the November elections, there is legislation pending in Congress that, if enacted, would be a boon to small business and help jumpstart the economy.

Public Company Accounting Oversight Board Chairman James Doty discusses the need for regulating the audit profession internationally, including in China. He also discusses the concept release on mandatory audit firm rotation, and why even the new category of emerging growth companies in the JOBS Act should be subject to audits. He was interviewed at the PCAOB offices by AccountingToday.com editor-in-chief Michael Cohn after the AICPA's Spring Meeting of Council in Washington, D.C.

The Institute of Management Accountants has thrown its support behind the Financial Accounting Foundation’s plan to establish a Private Company Council to improve the process of setting accounting standards for private companies.

The Senate Judiciary Committee has approved bipartisan legislation that would modify the Chapter 11 bankruptcy process to help small companies remain in business and preserve jobs.

A bipartisan group of lawmakers has introduced a Senate bill to spark the creation of startup businesses, with tax breaks and visa opportunities for foreign students, foreign-born entrepreneurs and immigrant employees.

The Public Company Accounting Oversight Board has revoked the registation of an upstate New York firm for relying on outside firms in China and Taiwan to audit three companies in those countries while exercising little supervision.

The Financial Accounting Foundation’s board of trustees has voted to establish a new Private Company Council that will determine whether exceptions or modifications to U.S. GAAP for privately held companies are necessary.

A group of high-ranking officials in accounting and auditing standard-setting organizations discussed the changing standards for mandatory audit firm rotation, private company accounting and other controversial issues at the American Institute of CPAs’ Spring Meeting of Council.

CPA firms are starting to feel more pressure again from the economy as the recovery ever so slowly ramps up, with international problems threatening to throw it off course, and regulatory requirements adding to their workload.

The Governmental Accounting Standards Board has published a new user guide to help taxpayers understand the financial statements of local school districts.

The Public Company Accounting Oversight Board is making some progress in its efforts to inspect auditing firms in China.