Officials from the Public Company Accounting Oversight Board (PCAOB) said on August 19 that deficiencies were found in all sixty of the broker-dealer audits conducted by audit firms that the PCAOB inspected last year – and in 95 percent of the individual audits selected for inspection.
Back in the day of paper ledgers and journals, I worked for a leather-goods manufacturer. I had become increasingly concerned that, while sales remained stable, the cost of goods sold was rising and negatively affecting the bottom line.
The CAQ released a "Resource on Audit Quality Reporting" to highlight some important elements of audit quality US audit firms could consider in refining or developing their own reporting regarding their public company audit practice.
Some people are so passionate about politics they won't let anything get in their way. Not even a little thing like, well . . . death. "USA TODAY" recently analyzed data available from the Federal Election Commission and came up with some interesting findings.
A proposal that defines a public business entity was issued by the Financial Accounting Standards Board (FASB) on August 7. The FASB is encouraging stakeholders to review and provide comments on the proposal by September 20.
Seventy-three percent of SMPs worldwide are either providing or have plans to provide sustainability services to their clients, suggesting there is a sizeable market for these services among the small businesses that SMPs typically serve.
The August 2 report from the Bureau of Labor Statistics showing that US unemployment fell and 162,000 jobs were added in July was positive, especially on the heels of news that second-quarter GDP grew at an annual rate of 1.7 percent.
According to more than 220 finance leaders who participated in a new survey by FEI, audit fees paid by public companies in 2012 increased by 4 percent over their prior fiscal year audit; private company fees increased by 3 percent.
In an effort to provide public companies with a standardized framework for reporting the ESG issues that affect their industries, the SASB unveiled its first set of provisional sustainability accounting standards.
A joint group created by the FASB and the IASB will be tasked to help organizations transition to the upcoming final converged standard on revenue recognition, the two standards-setting groups announced July 26.
Nearly nine out of ten New Jersey CPAs expect their businesses to grow in 2014, while more than half say their firms are performing better now than at this time last year, according to a recent Capital One Bank survey.
The changes to the guidelines for lease accounting that were proposed in the recent exposure draft from the FASB and the IASB will significantly alter financial reporting standards for both lessors and lessees, according to Fitch Ratings.
Following up on the success of his popular High Impact Excel session, this time around David H. Ringstrom, CPA turns his attention to pivot tables. In one hour you'll learn how to whip unwieldy data into shape, and then quickly build meaningful reports by dragging and dropping with your mouse. David will also discuss techniques for improving pivot table data integrity. Detailed handouts with numbered steps will be provided for a variety of Excel versions.