Financial reporting

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.

The American Institute of CPAs said Monday that it is working to secure a new .cpa domain extension on the Internet that could be used by CPAs as “a globally recognized calling card for CPAs in the digital world.”

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As record numbers of seasonal hires are expected this year in the U.S., fraud experts warn that the need to quickly add staff should not get in the way of properly screening employees.

The Sustainability Accounting Standards Board announced PwC will make a $1 million contribution and provide $1.4 million in pro bono services and loaned employee support.

The new chief accountant of the Securities and Exchange Commission told attendees at a conference Thursday that he hopes to make a recommendation in the next few months on whether the SEC should move toward switching U.S. companies to IFRS, according to The Wall Street Journal.

Olivia Kirtley has been elected president of the International Federation of Accountants, becoming the first woman and the first representative from business and industry to serve in the position.

On Wednesday, the Public Company Accounting Oversight Board announced the agenda for the Nov. 20-21, 2014, meeting of the Standing Advisory Group in Arlington, Va.

Thomson Reuters named the winners of its first-ever Customer Superstar Awards.

Two new members have joined the CPA Consultants’ Alliance: Gary Adamson and Bonnie Buol Ruszczyk.