A&A news from around the web: Nov. 20 – 24, 2017

Written on Nov 20, 2017

Audit fee increases don’t lead to better audit quality, says study
Increases in audit fees paid by public companies aren’t necessarily producing better audit quality, according to a new report. The study examined audits of internal control under Section 404(b) of the Sarbanes-Oxley Act of 2002. It will be appearing in a forthcoming issue of the Journal of Accounting and Public Policy.

FASB combines guidance for income statement, comprehensive income into one topic
In an effort to simplify its Accounting Standards Codification, FASB has combined its guidance for income statements and comprehensive income into one topic. Under the changes, all guidance on both subjects will be contained in Topic 220.

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