Financial reporting

The Institute of Management Accountants reported Tuesday that it has achieved a record amount of growth in the fiscal year ending June 30, 2014 in terms of membership numbers and people earning the IMA’s Certified Management Accountant credential.

Young accountants entering the profession and small firms may both be missing a huge opportunity, according to leading consultant Darren Root.

Accounting Today is now accepting submissions for its annual Managing Partner Elite list of top firm leaders.

Registration for CCH's User Conference 2014 is filling up fast; industry studies by BDO and the AICPA are out, office closures and relocations...

The International Accounting Standards Board has released a new document describing some of its most recent tentative decisions from the first half of the year on the standards for lease accounting, including what appears to be an about-face on how leases should be categorized, opening up a new gulf between it and the Financial Accounting Standards Board.

Hans Hoogervorst, chairman of the International Accounting Standards Board, reportedly told an audience in Singapore last week that full convergence is no longer an achievable project.

'For the benefit of' or 'to the benefit of' -- what's the difference?

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

Delivering services that clients will really appreciate

A roundup of recent news from around the profession

Associations and alliances are expanding the conversations they offer firm members

Here's a fascinating fact: No one knows how many CPAs there are

It's time for us to start doing better for one another

LAWS AND LAWSUITS

A number of groups testified or submitted statements recently at a hearing of the House Committee on Small Business Subcommittee on Economic Growth, Tax and Capital Access titled “Cash Accounting: a Simpler Method for Small Firms?”

PrimeGlobal and HLB International add to their network and more…

The Big Four accounting firms are reportedly rebuilding their legal service practices, after abandoning much of that area over a decade ago in response to Sarbanes-Oxley restrictions.

Among large firms, KPMG and Marcum LLP tied for the most new Securities and Exchange Commission audit clients in the second quarter of 2014.

The International Accounting Standards Board has issued the final element of its own long-awaited financial instruments accounting standard after failing to reach a consensus with the U.S. Financial Accounting Standards Board on key elements related to credit losses and loan impairments.

Financial restatements declined substantially in the decade after the passage of the Sarbanes-Oxley Act of 2002, according to a new academic study.