Recent changes in the regulatory environment require that auditors express an opinion on the design and effectiveness of their clients' internal controls. This shift likely impacted auditor-client relationships negatively, especially for firms that receive an adverse internal controls opinion....

While significant steps have been made toward the acceptance and use of harmonized international accounting standards, there is also strong support for international credentials for accountants - that is, the development of a harmonized set of qualifications for entry into and practice in the...

This paper examines accounting for research and development costs and specifically the treatment of those costs acquired in business combinations that are accounted for as in-process research and development (IPRamp;D). Both the SEC and the FASB expressed concerns over an increase in IPRamp;D...