Associations

The Association of Chartered Certified Accountants and the Institute of Management Accountants have partnered on a new Financial Leadership and Performance strategic initiative to support the career development goals of CFOs and other professionals, while also signing a Mutual Recognition Agreement.

International Firm News:

The newly inaugurated chairman of the California Society of CPAs hopes to strengthen the relationship between CalCPA and California accounting firms.

Pennsylvania Governor Tom Corbett has signed into law a measure that will allow more practical, broad-based professional experience to fulfill the requirements for getting a CPA license.

The Institute of Cost Accountants of India has opened an office in Washington, D.C., its ninth overseas center.

The American Institute of CPAs and the National Association of State Boards of Accountancy will be opening up their Uniform CPA Examination testing in Brazil to all qualified citizens and permanent residents of South America, starting July 1.

The Houston CPA Society thanked its volunteers and leaders for their service through the 2012-2013 fiscal year during its annual awards banquet.

American Institute of CPAs president and CEO Barry Melancon has written to the leaders of the state CPA societies in response to an announcement from the National Association of State Boards of Accountancy urging private companies not to use the AICPA’s recently unveiled Financial Reporting Framework for Small and Medium-sized Entities.

The National Association of State Boards of Accountancy has advised private companies not to use the American Institute of CPAs’ recently released Financial Reporting Framework for Small and Medium-sized Entities.

The Illinois CPA Society has appointed Todd Shapiro as its president and CEO after serving as CFO since 1998 and interim CEO since January of this year.

The American Institute of CPAs has proposed new standards to build more rigorous oversight of CPA financial planners.

The American Institute of CPAs has released its much-anticipated Financial Reporting Framework for Small- and Medium-Sized Entities, which is aimed at providing an alternative reporting option for small businesses that aren’t required to use GAAP.

Mergers, manufacturing integrations, and partnerships were abound this week plus my take on what to expect at the upcoming AICPA Tech + Symposium.

Last August, the American Institute of CPAs released an exposure draft of its updated guidance on the Valuation of Privately Held Company Equity Securities Issued as Compensation.

The American Institute of CPAs has introduced a new certificate program for accounting firms expanding their financial forensics practice.

Former Financial Accounting Standards Board chairman Robert Herz discusses his new book, "Accounting Changes," along with where he sees FASB and the IASB's convergence effort going, his experience at Coopers & Lybrand with structuring transactions, and how "Bad Bob" went from being a "poacher" to a "gamekeeper" to a standard-setter.

Scholarships, office relocations and more...

The American Institute of CPAs has expressed its support for the Digital Accountability and Transparency Act, which would establish government-wide financial data standards for federal funds.

A group of CPAs headed to Capitol Hill yesterday in what has become an annual ritual as they pressed lawmakers to deal with the many issues that accountants and their clients are forced to wrestle with on a daily basis, including taxes and regulations.

Highlights of our coverage of the American Institute of CPAs Spring Meeting of Governing Council in Washington, D.C., from May 19-21.