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The ups and downs in the economy during the novel coronavirus pandemic are causing audit committees at public companies to focus on the disclosures in their financial statements and SEC filings about the current and potential impacts of COVID-19, according to a new report from KPMG. The report, Challenges presented by COVID-19, found that companies […]
A pair of academic studies casts doubt on the value of mandatory rotation of auditing firms and lead engagement partners. The Public Company Accounting Oversight Board has come out firmly against proposals for mandatory audit firm rotation in the U.S., especially after the House of Representatives approved a bill in 2013 that would actually ban […]
The Institute of Internal Auditors has introduced a new framework for the professional development of internal auditors. The IIA’s Internal Audit Competency Framework offers career advancement advice and support for audit practitioners at all levels, from those just starting to develop their professional acumen, to more experienced internal auditors who want to further improve their […]
The California Society of CPAs and the Colorado Society of CPAs have announced the 2020 National Cannabis Business Symposium, to be held online Oct. 26 and 27. The conference will feature speakers discussing topics related to federal and state tax, legislative, pandemic and business issues involving legal cannabis during the two-day event. CalCPA, COCPA and […]
Global confidence improved significantly in the third quarter of the year among accountants, despite fears of a prolonged economic recession amid the novel coronavirus pandemic, according to a survey of members of the Association of Chartered Certified Accountants and the Institute of Management Accountants. The ACCA and IMA’s latest “Global Economic Conditions Survey,” released Tuesday, […]
Blockchain fintech venture company Draper Goren Holm has debuted a $25 million venture fund for promising fintech and blockchain startups. The new fund, dubbed Fund 1, will provide seed and Series A funding to startups immediately. While Draper Goren Holm invests in companies globally, its stated focus is now more on European markets, with a […]
BDO USA is merging in Quantum Global Advisors LLC, a Chicago-based international insurance claims and valuation consulting practice, in a deal that’s expected to close on Oct. 16. The deal will add 28 professionals from Quantum, bolstering Chicago-based BDO’s Forensic Investigations and Litigation Support practice. Financial terms of the deal were not disclosed. BDO ranked […]
Corporate boards of directors are dealing with new problems in financial reporting and accounting, along with governance, amid the novel coronavirus pandemic, according to a recent survey by BDO USA. BDO’s 2020 Board Pulse Survey found that boards are making communication and transparency of financial reporting and disclosures more of a priority in the midst […]
The American Institute of CPAs has recognized eight accounting educators with its 2020 Effective Learning Strategies Awards. Co-sponsored by Grant Thornton and the Federation of Schools of Accountancy, the annual awards highlight college and university educators who have implemented unique education tools for introductory, upper and graduate coursework. Award recipients were also determined by the […]
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