Auditing March 4, 2026
SEC and PCAOB Enforcement Plummets
In 2025, the SEC brought 68% fewer accounting and auditing actions than in 2024, and the PCAOB finalized 27% fewer actions over the same period, according to Cornerstone Research.
May 7, 2014
Toolkit Helps Professionals Promote Internal Audit Awarness Month
The Institute of Internal Auditors is encouraging accounting professionals, organizations and firms around the world to take part in promoting International Internal Audit Awareness month.
May 5, 2014
New Audit Quality Indicators to be Pilot Tested by Accounting Firms
The Center for Audit Quality (CAQ) today released the CAQ Approach to Audit Quality Indicators, which represents a two-year effort with its member firms to develop perspectives regarding which indicators may be most relevant and how and to whom they should be communicated. The paper sets forth in detail the CAQ approach to communicate a…
April 29, 2014
Audit Solution Granted U.S. Patent
The ProSystem fx Knowledge Coach audit solution has been granted a U.S. patent for its knowledge-based system, rule-based content, contextual guidance and functionality, Wolters Kluwer CCH has announced.
April 23, 2014
New XBRL GAAP Pension Analysis Tool Finds Errors in SEC Filings
XBRL US has announced the publication of its new online US GAAP Pension Analyzer. The tool is available for free to public company reporting managers that runs a set of rules against the pension disclosure within an XBRL-formatted financial statement. XBRL US is the nonprofit consortium for XBRL reporting in the US.
April 17, 2014
New Solution Designed to Solve SAP Data Access Challenges
The new version of ACL Direct Link for SAP ERP and SAP CRM, an SAP-certified data extraction add-on for ACL Analytics (AN) and ACL Analytics Exchange (AX) helps professionals who are struggling to gain access to transactional SAP data necessary to test controls and ensure regulatory compliance under Sarbanes-Oxley and other financial requirements.
April 16, 2014
FASB Offers New Guidance for Reporting on Discontinued Operations
The Financial Accounting Standards Board (FASB) has issued new guidance that improves U.S. Generally Accepted Accounting Principles (GAAP) by more faithfully representing when a company or other organization discontinues its operations.
April 16, 2014
GASB Issues Statement on Measurement of Assets and Liabilities
The Governmental Accounting Standards Board (GASB) has issued Concepts Statement No. 6, Measurement of Elements of Financial Statements, which will guide the GASB in establishing accounting and financial reporting standards for U.S. state and local governments regarding the measurement of assets and liabilities.
April 2, 2014
Cloud Audit & Compliance System Achieves Milestones
Since cloud-based audit, compliance, and risk management provider ACL first introduced its ACL GRC system in May 2013, the company has achieved several major milestones, including the expansion of its global footprint, rapid increase of new customer engagements, and recognition by industry leaders.
March 26, 2014
New GASB Pension Standards Start June 15, 2014
New accounting standards for pensions will go into effect after June 15, 2014, the Governmental Accounting Standards Board has announced.
March 25, 2014
AICPA Supports Congressional Focus on Lowering National Debt
In open hearings of the House Financial Services Committee, representatives are putting a renewed focus on the dangers of America's increasing debt.
March 24, 2014
Internal Auditors Leveraging Technology to Protect Against Risk
As the business technology world is ever-changing, internal auditors are focused on better navigating social media risks, leveraging technology to improve the audit process, and collaborating more with business partners to address organizational risks.
March 20, 2014
N.Y. Town Clerk Accused of Embezzling $117K
New York state police, based on information developed by a state comptroller's audit, have arrested a former clerk/treasurer of the now-dissolved village of Altmar, Oswego County, and charged her with embezzling $117,615 in village funds.