A&A news

A&A

Bramwell’s Lunch Beat: Ex-Accountant Whose Last Name is Bunny Wins Easter Contest (No Joke)

The menu for April 18 features specials on the IRS auditing fewer large business partnerships, SEC being vulnerable to hackers, scary-looking Easter bunnies, and more.
A&A

Bramwell’s Lunch Beat: China Is a Hotbed for Accounting Fraud

The menu for April 17 features specials on a pitch for valued added tax, IRS chief reiterating rewrite of 501(c)(4) guidelines, Starbucks moving European headquarters to London to pay more tax, and more.
A&A

Auditing Special Purpose Frameworks: Risk Assessment

We'll now focus on risk assessment at the financial statement level; a Client Acceptance and Continuance Form can facilitate the risk assessment process.
A&A

Bramwell’s Lunch Beat: Are Audits Suffering Due to Data Analysis?

The menu for April 16 features specials on when disclosure is appropriate in internal audit reports, root causes of audit deficiencies, taxpayers being left the tab on tax havens, and more.
A&A

GASB Sets Guidelines for Measuring Assets and Liabilities

The Governmental Accounting Standards Board on Monday defined two approaches for measuring assets and liabilities, intended to guide the standard-setting organization in establishing accounting and financial reporting standards for state and local governments.
A&A

FASB Tweaks Rules for Discontinued Operations Reporting

Under the new US GAAP guidance, a discontinued operation is a disposal of part of an organization that has a major effect on its operations and financial results. Examples include a disposal of a major geographic area, a major line of business, or a major equity method investment.
A&A

Bramwell’s Lunch Beat: Audit Flaws Are a Global Problem

Here are “Bramwell’s Lunch Beat” menu items for April 11.
A&A

Audits of Special Purpose Frameworks: Obtaining Substantive Evidence from Engagement Letters, Part 2

Additional reasons why the engagement letter is the linchpin of the audit.
A&A

Bramwell’s Lunch Beat: CVS Is Now $20 Million Poorer Over Accounting Misdeeds

Here are “Bramwell’s Lunch Beat” menu items for April 9.
A&A

New SASB Standards Target Technology and Communications Companies

A new set of provisional accounting standards released Wednesday by the Sustainability Accounting Standards Board (SASB) provides guidance to companies in the technology and communications sector on how to disclose environmental, social, and governance material issues.
A&A

Bramwell’s Lunch Beat: Revamped Audit Report Would Keep Lawyers Busy

Here are “Bramwell’s Lunch Beat” menu items for April 3.
A&A

Audits of Special Purpose Frameworks: Obtaining Substantive Evidence from Engagement Letters

Engagements letters should not be a routine procedure—here's how to take full advantage of them.
A&A

Survey: More CAEs Being Recruited From Outside Profession

Forty-two percent of the nearly 370 North American chief audit executives (CAEs) recently surveyed by the Institute of Internal Auditors' Audit Executive Center said they held a position outside of internal audit immediately prior to becoming a CAE.
A&A

Bramwell’s Lunch Beat: PwC Puts on Its Dancing Shoes

Here are “Bramwell’s Lunch Beat” menu items for April 2.
A&A

Pension Accounting Standard Stays on Course: GASB

The implementation of a pension accounting standard for state and local governments is still on schedule, after the Governmental Accounting Standards Board last week decided not to delay the timetable of when the new pension guidelines take effect.
A&A

Bramwell’s Lunch Beat: How Accounting Trick Profits Banks

Here are “Bramwell’s Lunch Beat” menu items for March 31.
A&A

MF Global Files $1 Billion Lawsuit Against PwC for Malpractice

MF Global Holdings claims PwC's “erroneous accounting advice” resulted in its failed investment in billions of dollars of European sovereign debt instruments and contributed to the brokerage firm filing for bankruptcy in 2011.
A&A

Bramwell’s Lunch Beat: Ex-Dewey Head of Finance Admits to Shady Accounting

Here are “Bramwell’s Lunch Beat” menu items for March 28.
A&A

Audits of Special Purpose Frameworks: the Pre-engagement Planning Meeting

Shock and embarrassment are what happen when the in-charge accountant and engagement leader fail to communicate in advance.
A&A

Bramwell’s Lunch Beat: Media General’s Got Deal-Making Down

Here are “Bramwell’s Lunch Beat” menu items for March 24.

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