Auditing

Distinguished professors recognized for leading edge research and innovative teaching methods

The chief financial officer for the City of South Miami has been recognized by the American Institute of CPAs.

The Internal Revenue Service is not adequately performing software license management and is not adhering to Federal requirements and industry best practices for software used on desktop and laptop computers, according to a new audit report released by the Treasury Inspector General for Tax Administration.

The perceived and real risk of outsourcing also seems to be increasing daily. News media and published reports frequently highlight cases of data breaches through rogue employees, hackers, and lost/stolen devices.

PCAOB board member Lewis Ferguson gives an update on public company oversight issues.

Organization Also Proposes a New Related Auditing Standard on the Auditor’s Responsibilities for Other Information in an Annual Report

The FBI has arrested the controller of Collin Street Bakery for mail fraud, three weeks after the Corsicana, Texas, fruitcake giant filed a lawsuit alleging that he had embezzled more than $16.6 million since January 2005 until he was fired this June, the U.S. attorney's office in Dallas said Tuesday.

The U.S. audit, tax and advisory firm KPMG LLP has named Jim Suglia as the national leader for its Investment Management sector.