PROFESSIONAL ROUNDUP

Pennsylvania CPA Journal, January, 2008 by Anonymous

Recent Developments in the Accounting Profession

Proposed Changes to IFRS

As part of its effort to streamline its standard-setting process, the International Accounting Standards Board (IASB) has published an exposure draft of amendments to 25 of its International Financial Reporting Standards. The changes vary from the major - such as restructuring entire standards - to the minor - such as clarification of individual wording. The exposure draft is available on the IASB Web site and is eligible for comment until Jan. 11, 2008.

SEC Cracks Down on Sarbanes-Oxley Violators

The securities and Exchange Commission (sec) brought charges against 69 auditing firms who allegedly violated SarbanesOxley legislation by auditing publie companies without first...

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