Financial reporting

The AICPA announced today a large step forward in collaborating with the Instituto Nacional de Contadores Públicos (INCP), Colombia’s largest member organization representing public accountants, as the South American nation prepares itself for a single set of high quality international accounting standards.

The American Institute of CPAs has broadened its relationship with Instituto Nacional de Contadores Públicos, Colombia’s largest member organization representing public accountants.

The ICPAS is seeking minority accounting students to apply an internship program, Firms are taking part in Ebola awareness and more…

The International Federation of Accountants and the donor signatories of MOSAIC (Memorandum of Understanding to Strengthen Accountancy and Improve Collaboration) launched the MOSAIC website last week at the World Congress of Accountants in Rome to support the global accounting profession worldwide.

The Governmental Accounting Standards Board has issued two documents describing its preliminary views on lease accounting for state and local governments, and financial reporting for fiduciary responsibilities, as it solicits public comments on possible standards.

The Financial Accounting Foundation, has named Jan Sylvis, the chief of accounts for the Tennessee Department of Finance and Administration, as vice chair of the Governmental Accounting Standards Board.

The Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board, has launched a new Web page highlighting the benefits of U.S. GAAP.

As previously reported, Troy K. Lewis, chair of the Tax Executive Committee of the AICPA, spoke to a Senate panel on Tuesday, urging Congress to pass legislation that would give natural disaster victims access to permanent and prompt tax relief.

The Securities and Exchange Commission is taking a fresh look at the question of allowing U.S. public companies to use International Financial Reporting Standards.

The Financial Accounting Standards Board and the Securities and Exchange Commission have issued new guidance on so-called “pushdown accounting,” which occurs when an acquired organization uses the acquirer’s basis of accounting to prepare its financial statements.

BDO USA LLP has entered into an agreement to acquire Top 100 Firm UHY Advisor's Texas practice. The deal is expected to close on December 1.

The Financial Accounting Standards Board is doing more rigorous cost/benefit analyses of any new changes in accounting standards, and in some cases that is causing some of the divergence from the International Accounting Standards Board, according to FASB officials.

Jody Padar, CEO and principal of the New Vision CPA Group in the Chicago area, announced “The Radical CPA: New Rules for the Future-Ready Firm,” a new online workshop on "radical transformation of the accounting firm business model," as well as a book by the same name.

Troy K. Lewis, chair of the AICPA's Tax Executive Committee, is set to testify on Tuesday, November 18, at the Tax Relief after a Disaster: How Individuals, Small Businesses, and Communities Recover hearing, which will be held by the Senate Finance Subcommittee on Taxation and IRS Oversight.

The California Society of CPAs plans to move its headquarters from San Mateo to Burlingame.

Accounting organization leaders are meeting at the World Congress of Accountants in Rome this week to discuss issues such as the future of accounting, problems with government accounting and outsourced workforces, and the state of accounting research.

Two top officials with the International Accounting Standards Board and its parent organization, the IFRS Foundation, gave speeches this week in which they expressed the hope that the Securities and Exchange Commission will ultimately sanction the use of International Financial Reporting Standards by U.S. companies.

At just 17 years of age, Belicia Cespedes of Canyon Country, CA has earned her CPA license, in addition to earning her bachelor's degree and completing two years of part-time work experience under a licensed CPA, according to The Santa Clarita Valley Signal.

Check out the digital edition of the November 2014 issue of Accounting Today.

Sageworks has struck a marketing partnership with the American Institute of CPAs, which will offer members of the AICPA’s Forensic & Valuation Services Section a discount on Sageworks Valuation Solution.