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AAA Newsroom

Welcome to the Newsroom of the American Accounting Association. Here you'll find press releases on the latest happenings at the AAA. If you have any questions about the AAA or would like any additional information about the items listed below, please contact:

Nancy Maciag
American Accounting Association
Email: nancy@aaahq.org
Phone: 941-556-4131

In Memorium
The American Accounting Association remembers and honors our colleagues who have truly been thought leaders in accounting education and have helped shape the future of accounting through their teaching and research. Please join us in sending our condolences to the families of these longtime and influential members of the association.

George J. Staubus
George Roudebush Catlett
Abraham J. Briloff
William Wager Cooper

Adolf Jan Henri Enthoven
Walter G. Kell

Log on to the Memorial page on the AAACommons to read the memorials for other influential leaders and members. The AAA thanks members and friends for providing these thoughtful and personal obituaries, particularly Stephen Zeff, Rice University.

Latest Press Release:

12/1/14 - Accelerating the disclosure of corporate audit fees would be a boon for investors, new study suggests
Read the full text article HERE

11/3/14 - CFO VS. AUDIT COMMITTEE: Despite Sarbanes-Oxley, audit-committee dominance of corporate financial reporting remains as much a hope as a reality, study suggests
Read the full text article HERE

10/8/14 - Sudden unexplained jumps or drops in a stock's price bode ill for the long run, study finds
Read the full text article HERE

9/15/14 - Slashing CEO pay improves firm performance - but only superficially
Read the full text article HERE

8/29/14 - SEC's release of little-known comment letters is occasion for top corporate executives to unload shares, study finds
Read the full text article HERE

8/18/14 - The Accounting Hall of Fame Inducts Two New Members for 2014

8/18/14 - Press Release for the 2014 AAA Award Winners
The AAA congratulates all the winners of this year’s awards. 
Click HERE to read more about all of the award winners.

7/24/14 - Moody's is lax in rating the bonds of companies in which its top shareholders are heavily invested, study finds
Read the full text article HERE

6/23/14 - Friendships between CEOs and corporate directors put shareholder interest at risk, and disclosure only makes things worse, study finds
Read the full text article HERE

5/29/14 - Corporate tax holiday an invitation to earnings manipulation, study finds
Read the full text article HERE

5/7/14 - Paid-for stock research is as good as the sell-side variety, study finds.
Read the full text article HERE

4/11/14 – Even in the absence of government mandates, Wall St. exacts stiff penalties for carbon emissions – and failure to disclose them.
Read the full text article HERE.

3/21/14 – Why offer signing bonuses when there's no shortage of workers? It's a matter of trust, new research finds
Read the full text article HERE.

2/24/14 – Investors prove sophisticated at judging the plausibility of firms' self-serving earnings claims, using two key tests.
Read the full text article HERE.

1/29/14 – Following earnings restatements, companies lose credibility with investors for 3 years, much longer than previously believed.
Read the full text article HERE.

1/8/14 – Corporate social responsibility has subconscious effect on investors, study finds.
Read the full text article HERE.

More from the AAA Newsroom

AAA in the News:

12/18/14 - WG&L Compliance Alert: Study Makes Case for Timely Disclosure of Audit Fees
Related Press Release

12/2/14 - Accounting Today: Faster Disclosure of Audit Fee Increases Helps Investors Assess Company Trouble Earlier
Related Press Release

12/1/14 - CFO: Study Urges Faster Disclosure of Audit Fees
Related Press Release

11/17/14 - Bloomberg BNA: Latest Accounting and Auditing Nov. 2014 Highlights
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11/12/14 - WG&L Compliance Alert: Study Finds CFOs Set Audit Fees, Ignore SOX Requirement
Related Press Release

11/4/14 - Compliance Week: Study Says CFOs Still Control Audit Fees at Many Companies
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11/4/14 - Accounting Web: Recession-era audit fees vary by CFO tenure: Study
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11/3/14 - Accounting Today:  Audit Committees Found to Have Little Influence on Audit Fees
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11/3/14 - Wall Street Journal: Recession-Era Audit Fees Vary By CFO Tenure: Study
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11/1/14 - Stuff.co.nz: The directors, the stocks and the tomatoes
Related paper abstract

10/22/14 - Bloomberg: Roubini’s Guy Is a Stock Bull and Other Shocking In-Box Surprises
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10/4/14 - New York Times: An Open Window for Insider Sales
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10/1/14 - USA Today: Cisco cuts CEO’s pay: But Will it help?
Related Press Release

10/1/14 - What format should the next version of the CPA exam take?
The AICPA on September 2 released a document for public comment on what format should be taken by the next version of the Uniform CPA Examination in order to continue to reflect the skills newly licensed CPAs need. Access the Invitation to Comment to provide your feedback and help determine the knowledge and skills newly licensed CPAs need in today's market. Read more on Journal of Accountancy online.

9/28/14 - The Globe and Mail: Cutting Executive Pay can backfire
Related Press Release

9/15/14 - Accounting Today: CEO Pay Cuts Lead to Earnings Manipulation
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9/10/14 - CFO Magazine: SEC Comment Letters Lead Insiders to Dump Shares
Related Press Release

9/10/14 - Forbes.com: Insiders Dump Stock in Advance of SEC Comment Letters
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9/8/14 - WG&L Compliance Alert: Study Says Staff Comments Prompt Insider Sales
Related Press Release

9/3/14 - Compliance Week: Study Finds Insiders Dump Stock Before Comment Letters Go Public
Related Press Release

8/29/14 - Accounting Today: SEC Comment Letters Prompt Executives to Unload Shares
Related Press Release

7/30/14 - Financial Times - Moody's in new conflict of interest claim
Related Press Release

7/29/14 - Forbes.com: Study Accuses Moody’s of Ratings Bias Towards Corporate Owners
Related Press Release

7/24/14 - Insurance News Net: Moody’s is Lax in Rating the Bonds of Companies in Which its Top Shareholders are Heavily Invested, Study Finds
Related Press Release

7/3/14 - Harvard Business Review - There are Risks in Having the CEO’s Pals on the Board
Related Press Release

6/28/14 - The New York Times - The C.E.O. Is My Friend. So Back Off.
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6/26/14 - Accounting Today - Disclosure of CEO-Director Ties Not Always Beneficial
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6/11/14 - Forbes: Did Multinationals Use a Foreign Earnings Tax Holiday To Burnish Their Financials Rather Than Reduce Taxes?
Related Press Release

6/11/14 - Christian Science Monitor: Reparation tax holiday may have allowed multinational corporations to manipulate earnings
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5/29/14 - Accounting Today: Corporate Tax Holiday Could Spur Earnings Manipulation
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5/12/14 - Marketwatch.com: 10 Things CEOs Won’t Tell You
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5/12/14 - Accounting Today: Research Compares Paid-For Stock Analysts with Auditors
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5/12/14 - Accounting Web: New Study: Paid For Analyst Reports Can Benefit Investors
Related Press Release

5/8/14 - Bloomberg News Service: The Best Stock Research Money Can Buy
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4/28/14 - WG&L Compliance Alert: Poor Carbon Emission Disclosures Can Hurt Stock Prices, Study Finds
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3/21/14 - BusinessNewsDaily.com: Signing Bonuses Pay Off - for Employers
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3/12/14 - CPA Practice Advisors: Earnings Restatements Can Cause Long-Term Loss of Credibility
Related Press Release

3/4/14 – WG&L Accounting & Compliance: Investors Weigh a Broad Range of Factors Behind Earnings Reports
Related Press Release

2/27/14 – CFO.com: Investors Don’t Buy Corporate Yarn-Spinning
Related Press Release

2/26/14 – Accounting Today: Investors Prove Wise at Judging Self-Serving Earnings Explanations
Related Press Release

2/3/14 – Accounting Today: Companies Lose Credibility for 3 Years after Material Earnings Restatements
Related Press Release

1/30/14 – Wall Street Journal: Restatements Sully Future Credibility: Study
Related Press Release

1/30/14 – WG&L Accounting & Compliance Alert: Stock Price Can Suffer for Two to Three Years After a Restatement
Related Press Release

1/29/14 – Compliance Week: Investors Punish Material Restatements, Study Says
Related Press Release

1/21/14 – Harvard Business Review: Investors May React Emotionally to Corporate Responsibility
Related Press Release

1/10/14 – Accounting Today: Investors Swayed by Corporate Social Responsibility Reputation
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More AAA in The News

COSO NEWS AND UPDATES...

Leading Risk Management and Internal Control Professional Robert Hirth Named New Chairman of COSO
June 3, 2013 – COSO has named Robert B. Hirth Jr. as its new Chairman for a three-year term effective today. A prolific thought leader, renowned risk management and internal control professional, Hirth was selected for this position after a four-month extensive search. Hirth succeeds David L. Landsittel, CPA, who has served as COSO chairman since 2009.
View the press release and Mr. Hirth's biography.

COSO Issues Updated Internal Control-Integrated Framework and Related Illustrative Documents
May 14, 2013 – The Committee of Sponsoring Organizations of the Treadway Commission (COSO) – an organization providing thought leadership and guidance on internal control, enterprise risk management, and fraud deterrence – issued today its updated Internal Control–Integrated Framework (Framework) and related illustrative documents. COSO's original Framework published in 1992 is recognized as the leading guidance for designing, implementing and conducting internal control and assessing its effectiveness.
View press release, executive summary, and FAQs.

More COSO in the News

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