Melancon to retire at year's end

The long-time head of the AICPA — and one of the foremost leaders of the profession — will step down on Dec. 31.

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Melancon to retire at year's end

The announcement was made today at the spring meeting of the AICPA Governing Council.

In other stories today:

PCAOB fines MaloneBailey $400K for quality control violations

The Public Company Accounting Oversight Board has levied a $400,000 fine against MaloneBailey and sanctioned the auditingfirm for pervasive quality violations.

INCPAS conference talks diversity: 'It's a simple math problem'

"If we don't diversify, we're not going to have enough CPAs," said INCPAS president and CEO Courtney Kincaid.

GASB plans new standards and guidance for accountants

The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments.

PwC to build corporate governance framework with COSO, NACD

The Big Four firm will assist the Committee of Sponsoring Organizations and the National Association of Corporate Directors in developing a corporate governance framework.

75% of UK audits failed to raise alarm before collapses

The Audit Reform Lab published a report analyzing Britain's audit industry after high-profile corporate collapses and criticism.