Auditing

Financially beleaguered North Las Vegas is in even greater trouble than previously acknowledged, the result of "games" being played in how the city balances it books, according to Mayor John Lee.

Business as usual, well, just is not usual anymore. With mobility at our fingertips, we are no longer tethered to a hardwired environment and the now-standard workplace stretches beyond an office or cubical. Let us not forget that you can forget working 9 to 5.

The Financial Accounting Foundation has named investor Ann M. Spruill to its Board of Trustees.

Former Chicago Comptroller Amer Ahmad pleaded guilty in federal court Monday to charges stemming from a kickback scheme he ran with his friends while he was deputy state treasurer in Ohio.

As more and more firms consider moving to the cloud, the various flavors of cloud become a focal point of their diligence. We get a fair amount of questions about IaaS, (a.k.a. Infrastructure as a Service) and what specifically sets it apart from the other options available today. See Wikipedia’s definition of Cloud for more insight.

The Public Company Accounting Oversight Board (PCAOB) has released a report that provides information about registered audit firms' implementation and compliance with Auditing Standard No. 7, Engagement Quality Review.

Free CPE Webcast: Tuesday, Dec. 17, 2013 - 2pm ET - Earn 1 hour of CPE credit.

The American Institute of CPAs (AICPA) has sent a letter to the chairman and ranking member of the Senate Finance Committee opposing any limitation on the use of the cash method of accounting on natural persons, pass-through entities, personal service corporations and farmers. A proposal under consideration in the Senate would require these companies to change to the accrual method, force their owners to pay tax before they have the cash to pay it, and add to the complexity and cost of compliance for these businesses.