A&A news June 2011 | AccountingWEB

A&A news June 2011


PCAOB moves forward with changes to auditor's reporting model

Citing a goal of investor protection, the PCAOB has issued a concept release to discuss alternatives for changing the auditor's reporting model. The Board is seeking comment on alternatives and other matters presented in the concept release.

Forensic accountants are increasingly becoming part of the legal team

In the aftermath of accounting scandals, financial crimes, and business collapses, the rapidly growing specialty of forensic accounting continues to define itself. There is an incredible need within law firms for the specialized skills of FAs.
Practice Development

Seize the future: AICPA leaders describe changing landscape of profession

AICPA Chairman Paul Stahlin and President and CEO Barry Melancon took time out from their busy schedules this week to address the attendees at this year's annual AICPA Practitioners Symposium and TECH+ conference in Las Vegas.

CPA candidates are confronted by significant changes to exam

In January 2011, the CPA exam underwent its largest transformation since it was converted from a paper and pencil exam to computer-based in 2004.

Underserved market represents new service potential for financial institutions

The underserved market is considered one of the fastest growing segments in the United States and represents significant potential for banks willing to develop new products and services, according to a recent study.

PCAOB chairman: Audit firm changes may become mandatory

The chair of the Public Company Accounting Oversight Board has signaled that public companies may be required to regularly change their auditing firms to reduce conflicts of interest.

Dodd-Frank update: PCOAB announces adoption of interim inspection program for audits of securities brokers and dealers

The Public Company Accounting Oversight Board (PCAOB) has adopted certain rules to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act related to audits of securities brokers and dealers.

AICPA and AAM will team up for 2012 annual conference

The American Institute of Certified Public Accountants (AICPA) has announced that it will co-locate its Practitioners Symposium/TECH+ conferences with the Association for Accounting Marketing's Annual Marketing Summit.

CPAs, CFOs pessimistic about economy

According to the latest AICPA Economic Outlook Survey, chief financial officers, controllers, and CPAs in executive and senior management accounting roles are far less optimistic now about the direction of the U.S. economy than they were in the first quarter of 2011.

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