Financial reporting

Recent news in auditing and assurance

For companies considering a transition to IFRS, careful planning is critical

Tracing the few moments of liberation in the standard-setter's history

The Securities and Exchange Commission charged a New Jersey-based audit firm and one of its founding partners Monday for their roles in the botched audits of a China-based company that failed to disclose related party transactions by its CEO and others.

The Governmental Accounting Standards Board launched an updated website Monday that includes more user-friendly navigation and “plain English” resources covering accounting and financial reporting issues for state and local governments.

As if the tax and accounting business itself wasn’t busy enough, demand is also up for teachers of college-level accounting courses.

Managers in accounting, finance and IT are looking to strengthen their hiring plans for the rest of the year, according to a new hiring forecast from recruiting company Brilliant.

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Earlier this month the Securities and Exchange Commission adopted final rules regarding the registration of municipal advisors under the Dodd-Frank Act that included an exemption for accountants who provide a range of audit and attest services.

The Private Company Council has released the agenda of its next public meetings, which are scheduled for September 30 and October 1.

The Sustainability Accounting Standards Board has created a corporate pilot program to guide companies on how to use the board’s standards to report material sustainability issues in their SEC filings.

Income per equity partner at the nation’s CPA firms jumped 5.5 percent in 2012, climbing to $386,000, according to the recently released 2013 Rosenberg MAP Survey.

Income per equity partner at the nation’s CPA firms jumped 5.5 percent in 2012, climbing to $386,000, according to the recently released 2013 Rosenberg MAP Survey.

Bernard Madoff’s former accountant pleaded not guilty on Thursday to charges he helped the convicted con man carry out a Ponzi scheme.

Top 100 Firm The Bonadio Group is merging with Gaines Kriner Elliott LLP. The merger is expected to be finalized on November 1, and the two firms will operate under the Bonadio name.

Big Four firm PricewaterhouseCoopers LLP has been hired by BlackBerry Ltd. to evaluate the struggling Canadian smartphone maker for potential buyers, according to two people with knowledge of the move.

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Kashoo has released version 3.0 of its cloud accounting software app for the iPad, which boasts a new design and productivity-increasing enhancements.

Accountants don’t think their small-business clients are prepared for the Affordable Care Act, according to a recent survey.

The accounting profession’s expectations for economic growth dropped somewhat this month, according to the September edition of Accounting Today’s monthly Accountants Confidence Index.