Financial reporting

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Congress, not the Internal Revenue Service, is to blame for the recently announced postponement of the beginning of next year’s tax season, according to the National Association of CPA Practitioners -- and it called on the legislative branch to take quick action to prevent further delays.

The American Institute of CPAs’ Accounting and Review Services Committee has issued an exposure draft proposing three new and revised standards that would make significant changes in how accountants perform compilation engagements.

The American Institute of CPAs has faced a hectic year dealing with problems like the last-minute fiscal cliff deal that delayed tax season, along with the after-effects of Superstorm Sandy and the impact of changes at the Internal Revenue Service that made life difficult for many tax practitioners.

Accounting Today named the Best Firms to Work For 2013 during its annual Growth & Profitability Summit on Monday.

Accounting Today began its annual three-day Growth & Profitability Summit in Orlando, Fla., on Sunday with a pair of insightful keynote speeches by Krista McMasters, CEO of McMasters Consulting and former CEO of top-ranked CPA firm Clifton Gunderson, and Jay Nisberg, president of the consulting firm Jay Nisberg & Associates, with both speakers highlighting the changing dynamics of managing an accounting firm and CPA practice.

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The International Federation of Accountants has issued a policy paper that stresses the importance of reporting on broad-based information beyond what is traditionally included in financial reporting.

There was lots of vendor and consultant news over the past week, but overall we want to know what’s up with all the funding going into cloud accounting software, and where exactly does Intuit factor in?

The career outlook for women in finance and accounting has improved in the last 10 years, according to a new survey of CFOs by the staffing company Robert Half.

The American Institute of CPAs’ Financial Reporting Executive Committee has submitted a comment letter to the Financial Accounting Standards Board and the International Accounting Standards Board suggesting changes in the latest proposals for lease accounting standards.

Deloitte has launched US GAAP Plus, a new Web site that provides news, publications and project updates about U.S. and international accounting standard setting.

The Institute of Management Accountants has opened a new Competency Crisis microsite and community designed to give a variety of accounting and finance stakeholders, including professionals, students, employers and academics, a forum to discuss the issue of the talent gap in the accounting profession and come up with potential solutions.

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The Financial Accounting Standards Board and the International Accounting Standards Board are revealing further details about their long-stalled plans for creating a Disclosure Framework to help accountants decide on which notes to include with financial statements.

The Securities and Exchange Commission has appointed Mark Kronforst as chief accountant of its Division of Corporation Finance.

The accounting profession and employers should work more actively to get accountants ready for finance leadership roles such as CFOs, according to a new study.

The Governmental Accounting Standards Board said Tuesday that it will provide live video webcasting of its in-person public meetings, beginning on October 30 and 31.

The IFRS Foundation Education Initiative said Monday it is publishing free downloadable teaching materials in all the languages of the United Nations, including Arabic, Chinese, English, French, Portuguese, Russian and Spanish.