Financial reporting

Abraham Briloff passed away recently at the age of 96. Those who love accounting and value truth in corporate annual reports will greatly miss him.

Gem Accounts has released of two new versions -- one designed for small to midsized enterprises and another delivered free of cost for “micro” and small businesses.

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The International Auditing and Assurance Standards Board released an updated and enhanced International Standard on Assurance Engagements.

IFAC released a guide for professional accountants conducting review engagements in compliance with International Standard on Review Engagements.

Thomson Reuters released a report on the IRS’s new regulations impacting taxpayers who acquire, produce or improve tangible property.

Professional management accounting association IMA (Institute of Management Accountants) responded to the International Integrated Reporting Council’s International Integrated Reporting Framework, released Monday, with an outline of several actions.

The IASB published for public comment Wednesday an exposure draft of five proposed amendments to four International Financial Reporting Standards under its annual improvements project.

Top 100 Firm Eide Bailly has launched the Eide Bailly Private Exchange, a private insurance exchange that offers businesses an alternative for health care coverage.

My amazing discovery is not only that happy CPAs exist, but that they are not singularly defined by industry, job title, age or gender. Rather, what sets them apart from the rest of the grouchy crowd is what they do differently.

CPA network and consultancy Thriveal announced a new strategic partnership with accounting software provider Xero Tuesday, along with its division into four areas.

The International Integrated Reporting Framework was released Monday, following a three-month global consultation led by the International Integrated Reporting Council and with more than 350 responses from around the world largely expressing support for the new corporate reporting model.

While the flow of high-quality information is critical to the functioning of capital markets, many are coming to see the independent audits that vouch for that information as irrelevant, according to PCAOB Chairman James Doty.

Sage North America has officially released Sage One Accountant Edition, an accountant-centric version of its online accounting software for small businesses and the first from the publisher designed specifically for accountants..

Audit firms may not be appropriately executing engagement quality review, according to the Public Company Accounting Oversight Board.

Top 100 Firm Marcum LLP’s Lesbian, Gay, Bisexual & Transgender Practice has released a list of top tax planning tips for married same-sex couples to help guide them on what they will need to file taxes since the federal government officially recognized same-sex marriage for tax purposes.

Bookseller Barnes & Noble is the subject of an investigation by the U.S. Securities and Exchange Commission into its restatement of earnings and a former employee’s allegation of improper accounting.

The Center for Audit Quality has issued a request for proposals for independent academic research related to auditing.

The digital edition of the December 2013 issue of Accounting Today is now available.

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