Financial reporting

The Financial Accounting Standards Board issued guidance Thursday to make it easier for private companies to report on consolidation of variable interest entities.

The Financial Accounting Standards Board and the International Accounting Standards Board remain at odds over crucial elements of their lease accounting standards after joint meetings this week, but said they are still committed to reducing the distinctions.

The American Institute of CPAs has begun offering a forensic accounting mentorship program. The Certified in Financial Forensics Mentor Program is designed for AICPA members who want to develop their skills and business practices in forensic accounting with the help of more experienced forensic professionals.

Last November, the Financial Accounting Standards Board endorsed simplifying the accounting standards that private companies use in measuring and reporting goodwill, and FASB is currently looking into the possibility of changing the standards for public companies too.

Accounting Today is looking for speakers for its upcoming annual Growth & Profitability Summit.

NCCPAP sets up a Shiva for Shelley Kronowitz …

The New York State Society of CPAs is asking the Financial Accounting Standards Board to expand a proposal that would standardize the treatment of foreclosed properties when they are backed by a loan from the U.S. Department of Housing and Urban Development beyond the residential developments that were the focus of the original draft proposal.

The members of the American Board of Forensic Accounting, the advisory board behind the American College of Forensic Examiners Institute’s Certified Forensic Accountant credential, have unanimously resigned amid questions about the legitimacy of the credential and the organization behind it.

The International Financial Reporting Standards Foundation and the International Accounting Standards Board are reaching out to Islamic countries to elicit their support for IFRS, with a working group dedicated to making sure the standards don’t conflict with Sharia law.

The Governmental Accounting Standards Board has released a new online pension implementation toolkit to help preparers, auditors, and users of state and local government financial reports understand and apply the revised pension accounting and financial reporting standards

The firms with the highest 2013 revenue growth in our Top 100 Firms/Regional Leaders list

Some key trends spotted in Accounting Today's annual ranking of the Top 100 Firms and Regional Leaders.

The Financial Accounting Standards Board has responded to a post-implementation review of its accounting standard for fair value measurement, saying it doesn’t plan to make any comprehensive changes.

The 100 largest accounting firms in the United States reported average revenue growth of 7.81 percent for 2013, according to Accounting Today’s new Top 100 Firms list.

MCM featured on World’s Greatest TV show, BerryDunn takes on 24 hour skiing challenge, and more…

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

The IFRS Foundation and the International Valuation Standards Council have signed a joint statement of protocols for cooperating on International Financial Reporting Standards and International Valuation Standards in the area of fair value measurement.

The Financial Accounting Standards Board has issued a draft version of its long-awaited Disclosure Framework, aimed at improving its process for evaluating existing and future disclosure requirements in the notes to financial statements.

The Institute of Management Accountants released the results of a survey Monday showing that in every region the global accounting association surveyed, professionals holding its Certified Management Accountant credential had greater earning power than non-CMAs.

The International Federation of Accountants has launched the Global Knowledge Gateway, a service that brings together news, views, resources and thought leadership articles for the accounting profession worldwide.