MHM Hot Topic

New PCAOB Chairman Pushes for Audit Overhaul

By Mayer Hoffman McCann P.C. June 6, 2011

James R. Doty took over the chairmanship of the government regulatory board that inspects and disciplines auditing firms earlier this year. During a speech Thursday at a Baruch College financial reporting conference, Doty also discussed problems he has seen with audits of multinational companies, particularly in China, and in the way that audit firms communicate [...]

Small Public Companies Prepare for XBRL Tagging

By Mayer Hoffman McCann P.C. June 1, 2011

Thousands of small public companies will submit eXtensible Business Reporting Language (XBRL) financial reports, for the first time, with their regular June 15, 2011 filings with the Securities and Exchange Commission (SEC) in the third and final phase of the SEC’s 2009 rule that requires all public companies to file financial reports with the computer [...]

FASB and IASB Delay Convergence Timeline—Again

By Mayer Hoffman McCann P.C. April 15, 2011

Leaders of the Financial Accounting Standards Board and the International Accounting Standards Board said Thursday they have pushed back their work on the handful of “priority” projects they had committed to complete this year. The delay was announced in a joint podcast by FASB chair Leslie Seidman and IASB chairman Sir David Tweedie. They said [...]