Auditing April 1, 2026
The IIA Enhances CIA Challenge Exam Program, Expanding Access Through New Pathway Pilot
The Certified Internal Auditor (CIA) is the only globally recognized certification for internal auditors.
July 15, 2014
FASB Simplifies Inventory Management Guidelines
As part of an initiative towards simplifying accounting standards, the Financial Accounting Standards Board (FASB) has issued two proposed updates that are meant to ease the measurement of inventory and eliminate the requirements for extraordinary items
July 10, 2014
PCAOB Settles Suit Against Former Big 4 Accountant
Alleged violations involved ignoring or failing to properly address signs of improperly recognized revenue in significant unusual transactions.
July 2, 2014
Bookkeeper Accused of Stealing $400K
A 65-year-old New Mexico woman is accused of stealing nearly $400,000 from her employer, including forging more than 200 checks and paying $30,000 in mortgage payments via electronic transfers from her employer's account.
June 30, 2014
ADP SmartCompliance Tax Credits System Undergoes First SOC 2, Type 1 Audit
The operations supporting ADP's SmartCompliance Tax Credits module have successfully completed its first Service Organization Controls (SOC) 2 Type 1 audit.
June 30, 2014
New Report Looks at Changing Broker-Dealer Audit Landscape
Thomson Reuters has released a special report, Cause and Effect of the Changing Broker-Dealer Audit Landscape, which provides an overview of the PCAOB's new standards affecting broker-dealer audits.
June 25, 2014
Finance Teams Expand Duties in Response to Business Complexity
The role of finance teams is expanding beyond the traditional areas of accounting and financial reporting, according to a new survey by the AICPA and the Chartered Institute of Management Accountants.
June 24, 2014
8 Questions Small Businesses Should Ask Their Accountant
For businesses on the search for a new accountant, selecting the right one shouldn’t be taken lightly. For a small business, an accountant can play a critical role in the company’s successes and can lessen an owner’s headaches and stresses.
June 24, 2014
University of Maryland Wins KPMG Case Study Competition
The University of Maryland's Robert H. Smith School of Business has won the 2014 KPMG/NABA Case Study Competition. The award, presented by Big Four audit, tax and advisory firm KPMG and the National Association of Black Accountants was presented during a two-day event held during the annual NABA Conference & Expo in Washington, D.C. last…
June 19, 2014
New Fixed Asset System Boosts Transparency and Compliance
New version allows tax and accounting professionals to effectively track fixed asset repairs under the final tangible property regulations, issued by the Internal Revenue Service and U.S. Department of the Treasury.
June 18, 2014
Report: IRS Meeting Requirements of Spending Cuts
The part of the U.S. Treasury Department that is tasked with overseeing the Internal Revenue Service has issue the findings of a recent audit of the taxing agency when it comes to its compliance with the budget cuts imposed on the agency's budget as a result of sequestration.
June 18, 2014
GASB Proposes Improvements to State and Local Post Employment Benefits Reporting
On Monday, the Governmental Accounting Standards Board (GASB) published two proposed Statements intended to significantly improve financial reporting by state and local governments of other postemployment benefits (OPEB), such as retiree health insurance. The GASB also published a third Exposure Draft that would establish requirements for pensions and pension plans that are outside the scope…
June 17, 2014
Florida Woman Faces Embezzlement, Wire Fraud Charges
According to the complaint, Gingell embezzled $697,000 from the summer of 2010 to March 2011 by sending money by wire transfer to her bank account and making money orders payable to herself and others. One of the wire transfers paid the remaining $40,000 balance of her mortgage, according to the complaint. Gingell made 71 wire…