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.
March 12, 2014
Study Says Many CEOs are Too Friendly with Audit Committees, Urges SEC Action
A decade after scandals at Enron, Worldcom, and other companies dramatized the need for improved corporate financial monitoring, this critical regulatory challenge remains in essential ways unmet, new research suggests.
March 12, 2014
Businesses Save Time & Money with Integrated Payment Processing
For small businesses, time is money, and a new survey shows that processing customer payments directly through their bookkeeping or ERP system can save up to five minutes per transaction. That can really add up.
March 12, 2014
Earnings Restatements Can Cause Long-Term Loss of Credibility
Following earnings restatements, companies lose credibility with investors for 3 years, much longer than previously believed
March 11, 2014
GASB Offers New Toolkit for Pension Accounting Standards
A new online pension implementation toolkit was released today by the Governmental Accounting Standards Board (GASB). The toolkit is designed to help preparers, auditors, and users of state and local government financial reports understand and apply the revised pension accounting and financial reporting standards that the GASB approved in June 2012. The toolkit is available…
March 5, 2014
Cashier Admits Embezzling $1 Million to Hide Online Affair
A tale of sexting, blackmail and embezzlement involving two couples in Ohio and West Virginia reached a head last week when one of the parties, a former Bethany College cashier, admitted to stealing $1 million from the school to keep an online affair secret from her husband.
February 11, 2014
How Distributed Scanning Helps Streamline Accounting Workflow
I’ve been doing a lot of work writing and consulting on the topics of document management and workflow, and had seriously written off the hardware side of those critical accounting functions. After all, what more could be said about buying printers and scanners.
February 4, 2014
Virginia Environmental Agency Faces Critical Audit Over Grant Funds
Signs of poor financial oversight at a Virginia state agency responsible for environmental stewardship emerged late last summer when federal government monitors spotted record-keeping gaps during a review of six grants awarded to Virginia totaling nearly $740,000.
February 4, 2014
Tips to Make a Business Audit Less Traumatic
The letter lands in your business mailbox. The return address shows it's from the Internal Revenue Service. Before it's even opened, nervousness sets in.
February 2, 2014
Financial Accounting Foundation Names CPA As Chair of Advisory Council
The Financial Accounting Foundation has announced that Steven E. Buller, CPA, managing director and former chief financial officer of BlackRock, Inc., has been appointed chairman of the group's Advisory Council (FASAC). His term begins on February 1, 2014, and concludes on December 31, 2015.
January 28, 2014
AICPA Commends FAF for Funding IASB
The American Institute of CPAs (AICPA) issued the following statement by President and CEO Barry C. Melancon, CPA, CGMA, in response to the Financial Accounting Foundation’s announcement that it will provide funding to the International Financial Reporting Standards Foundation to support the completion of international convergence projects:
January 28, 2014
How Accounting Firms Can Protect Against Identity Theft
In the wake of the recent identity theft of some 40 million accounts from retail merchant Target, and the potential for massive theft from the health care exchanges set up under the Patient Protection and Affordable Care Act (ACA), consumers are again left bewildered -- and looking for someone to take the lead in crafting…
January 16, 2014
Homeowners Being Duped by “Securitization Audits,” According to Fraud Examiners
A new foreclosure rescue scam promises to help distressed homeowners keep their homes through the use of a "securitization audit." "The only problem, according to investigative firm Mortgage Fraud Examiners: These "hucksters" are charging fees for information that's free to anyone for the asking, and knowing who owns the note won't save anyone's home."