Financial reporting

A new academic study finds that fair value accounting was unfairly blamed for precipitating the 2008-2009 financial crisis, but acknowledges that some investors reacted positively to news that the rules would be relaxed in response to the crisis.

Big thoughts under blue skies: Short reads that can help take your practice to the next level.

The world’s four biggest accounting firms said a planned pro-democracy sit-in protest in Hong Kong’s business district may lead to an exodus of firms, hurting the economy.

Awards, conferences and more…

The Financial Accounting Standards Board and the International Accounting Standards Board are taking different approaches to setting standards for rate-regulated utilities, and a FASB board member sees little prospect for an agreement.

The nonprofit Sustainability Accounting Standards Board has released provisional sustainability standards for industries in the nonrenewable resources sector, such as oil, gas and mining.

The role of the finance team is expanding beyond traditional accounting and financial reporting function to include areas such as information technology development, cyber security and strategic business planning, according to a new survey by the American Institute of CPAs.

Accounting Today is issuing a call for nominations for its 2014 Top 100 Most Influential People in Accounting list.

The International Accounting Standards Board announced its intention Monday to create a transition resource group that will focus on the upcoming new requirements for impairment of financial instruments under International Financial Reporting Standards.

Accounting firm accolades, relocation and more…

The New York State Society of CPAs has elected Joseph M. Falbo Jr. of Grand Island, N.Y., as president-elect.

The Financial Accounting Standards Board has issued a new accounting standards update for stock compensation.

The Indiana CPA Society has established a CPA Center of Excellence to better prepare CPAs for the challenges of the future.

Ohio is the first state in the nation to allow continuing professional education in 10-minute increments for CPAs.

The new converged revenue recognition standard from the Financial Accounting Standards Board and the International Accounting Standards Board could have an impact on not only financial statement preparers, but on tax practitioners and auditors as well.

The Governmental Accounting Standards Board has published two proposed statements to improve financial reporting by state and local governments of other post-employment benefits, such as retiree health insurance.

Doeren Mayhew spins off its investment banking practice into a new investment bank, P&N Tech forms a new partnership, and more…

The average accounting firm is spending less on its marketing than it should, according to a recent survey.

The CPA brand remains “incredibly strong,” according to American Institute of CPAs president and CEO Barry Melancon, but the profession still faces challenges.

The Financial Accounting Standards Board has released a new accounting standard to address some of the problems with financial reporting on repurchase agreements, such as those that contributed to the demise of MF Global.