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New Financial Audit Standard Encourages More Talking

New Financial Audit Standard Encourages Oversight The Public Company Accounting Oversight Board on Financial Audit (PCAOB) today approved a standard on how to help auditors and audit committees communicate better. While Auditing Standard No. 16 (dubbed Communication with Audit Committees) still has to be approved by the Securities and Exchange Commission, the formal adoption of the …

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Businesses Need to Do More to Accounting Risks

Nineteen percent of business executives admit their companies are “behind the curve” when it comes to managing accounting risks according to a new survey by accounting firm VieraCPA. The poll found that 67 percent of the respondents described their efforts as only “average.” In addition, only 15 percent of the business executives surveyed said they …

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