20 Years of Litigation Reform for Accounting Firms

Dec. 22, 2015, marked the 20th anniversary of the enactment of the Private Securities Litigation Reform Act. Enacted at the behest of accounting firms, the PSLRA was crafted to immunize accountants from securities fraud liability. The result over the last two decades has been a substantial erosion in the ability of investors to hold accounting firms accountable.
20 Years of Litigation Reform for Accounting Firms


IAESB Offers Guidance on Professional Competence for Audit Engagement Partners

On the heels of the Public Company Accounting Oversight Board’s new standards for disclosure of audit engagement partners, the International Accounting Education Standards Board has issued new guidance for the implementation of its own standard, IES 8, Professional Competence for Engagement Partners Responsible for Audits of Financial Statements (Revised).
IAESB Offers Guidance on Professional Competence for Audit Engagement Partners


COSO Offers Internal Control Certificate

The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, has introduced an Internal Control Certificate Program.
COSO Offers Internal Control Certificate


COSO Offers Internal Control Certificate

The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, has introduced an Internal Control Certificate Program.
COSO Offers Internal Control Certificate


AICPA, Rutgers Form Data Analytics Research Initiative

Rutgers Business School and the American Institute of CPAs announced the creation of the Rutgers AICPA Data Analytics Research Initiative.
AICPA, Rutgers Form Data Analytics Research Initiative


AICPA, Rutgers Form Data Analytics Research Initiative

Rutgers Business School and the American Institute of CPAs announced the creation of the Rutgers AICPA Data Analytics Research Initiative.
AICPA, Rutgers Form Data Analytics Research Initiative


HBOS Audit Probe Must Be Reconsidered, U.K. Lawmaker Tyrie Says

The U.K. accounting regulator should re-examine its decision not to investigate the auditing of now-defunct HBOS Plc by KPMG if it wants to restore public confidence in the audit process, according to U.K. lawmaker and Treasury Committee Chair Andrew Tyrie.
HBOS Audit Probe Must Be Reconsidered, U.K. Lawmaker Tyrie Says


HBOS Audit Probe Must Be Reconsidered, U.K. Lawmaker Tyrie Says

The U.K. accounting regulator should re-examine its decision not to investigate the auditing of now-defunct HBOS Plc by KPMG if it wants to restore public confidence in the audit process, according to U.K. lawmaker and Treasury Committee Chair Andrew Tyrie.
HBOS Audit Probe Must Be Reconsidered, U.K. Lawmaker Tyrie Says