Financial reporting

In the first article in this series, we explained the concepts behind the American Institute of CPAs’ release of its guidelines called Financial Reporting Framework for Small and Medium-Sized Entities (or FRF for SMEs).

The United Kingdom-based Institute of Financial Accountants is joining together with Australia’s Institute of Public Accountants to form one of the largest professional accounting organizations in the world dedicated to small and midsize firms.

As year-end planning season is upon us, savvy professionals might think about getting together with their financial teams to consider both their 2015 outlooks and last year's changes in tax law to ensure matters are in shipshape.

PwC IPO report, Annual Tax and Business Seminar, and more…

RoseRyan took notice that a good number of companies wane after they make their debut on the stock exchange. To help those companies stay on track RoseRyan launched RoseRyan Day 2 — a comprehensive service to help newly public companies master reporting and compliance guidelines.

Business e-filing rose nearly 10 percent this year, continuing the growth that has seen the number of corporate and partnership e-filed returns double since 2010.

Wireless telephone service taxes and fees are more than double the average rate of general sales tax, according to a report .

Audit fees increased slightly in 2013, according to a new report, but remain lower as a percentage of revenue than in 2004.

Tax prep and filing vendor TaxACT has released its 2014 federal software for 1040, 1065, 1120S, 1120 and 1041 returns.

U.S. investors’ confidence in a variety of aspects of U.S. markets has reached new highs, according to the Center for Audit Quality’s 2014 Main Street Investor Survey.

The Securities and Exchange Commission has been conducting a review of the effectiveness of financial disclosures by public companies within and outside of financial statements and some investors have wondered about where forward-looking statements should fit into them.

An alternate financial reporting tool is available for small- and medium-sized entities.

PricewaterhouseCoopers reported Tuesday that its global revenues in the fiscal year ending June 30, 2014 increased 6 percent to $34 billion.

The Brilliant Q4 2014 accounting, finance and IT Hiring Forecast reported open positions and robust plans for increased hiring of accounting, finance and IT professionals in Q4 2014, both permanent and temporary.

While there are many well-equipped organizations for accountants in the United States and Europe, much of the developing world is still missing robust groups that can foster development of ethical practices for accountants and look out for their interests.

CohnReznick’s IPO report, PwC’s Corporate Directors Survey and more…

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

AICPA's Future of Learning Task Force - a working group of firm leaders, industry CPAs, regulators, and educators - has announced four recommendations to promote lifelong learning in the CPA profession.

The American Institute of CPAs’ Employee Benefit Plans Expert Panel has developed some new practice aids to provide nonauthoritative guidance about the effects of recent accounting standards relating to the liquidation basis of accounting on employee benefit plans.

Average starting salaries for accounting and finance professionals in the United States are forecast to rise 3.5 percent next year, according to the staffing company Robert Half.