Financial reporting

Income per equity partner at the nation’s CPA firms jumped 5.5 percent in 2012, climbing to $386,000, according to the recently released 2013 Rosenberg MAP Survey.

Income per equity partner at the nation’s CPA firms jumped 5.5 percent in 2012, climbing to $386,000, according to the recently released 2013 Rosenberg MAP Survey.

Bernard Madoff’s former accountant pleaded not guilty on Thursday to charges he helped the convicted con man carry out a Ponzi scheme.

Top 100 Firm The Bonadio Group is merging with Gaines Kriner Elliott LLP. The merger is expected to be finalized on November 1, and the two firms will operate under the Bonadio name.

Big Four firm PricewaterhouseCoopers LLP has been hired by BlackBerry Ltd. to evaluate the struggling Canadian smartphone maker for potential buyers, according to two people with knowledge of the move.

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Kashoo has released version 3.0 of its cloud accounting software app for the iPad, which boasts a new design and productivity-increasing enhancements.

Accountants don’t think their small-business clients are prepared for the Affordable Care Act, according to a recent survey.

The accounting profession’s expectations for economic growth dropped somewhat this month, according to the September edition of Accounting Today’s monthly Accountants Confidence Index.

Top 30 CPA firm Carr, Riggs & Ingram has merged Gainer Donnelly, expanding their geographic reach with the local Houston CPA firm, which was one of Accounting Today’s 2013 Regional Leaders for the southwest.

A former Commerzbank AG and Societe Generale SA banker admitted in a U.S. court to aiding Olympus Corp.’s $1.7 billion accounting fraud.

The International Organization of Securities Commissions and the IFRS Foundation said Wednesday that they have agreed on a set of protocols under which the two organizations will deepen their cooperation to develop International Financial Reporting Standards and apply it consistently across the globe.

The Financial Accounting Standards Advisory Council, the main advisory group for the Financial Accounting Standards Board, has released the results of a recent survey soliciting views about FASB’s future agenda, revealing pent-up demand for addressing issues such as financial disclosures, hedging and simplification of FASB’s Codification of U.S. GAAP.

Accounting Today has chosen its list of the Best Firms to Work For in 2013.

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Financial Accounting Standards Board chairman Russell Golden marked FASB’s 40th anniversary in his first major speech since taking over the chairmanship in July, outlining the changes he plans for the standard-setting board.

The Financial Accounting Standards Board voted Wednesday to issue an exposure draft with proposals to improve financial reporting about public and private development-stage entities., easing the requirements for revenue recognition and measurement and other areas

Computer system developer System76 Inc. has launched BeansBooks, a new cloud accounting platform designed for small businesses which focuses on clean interfaces, practical processes and concise reports.

Accounting firms need to offer their clients more higher-level advisory services, according to technology consultant Gary Boomer.

The struggle to attract and retain talent, and interest in leveraging the cloud, are among the most important trends that accounting firms need to adapt to, according to Boomer Consulting’s Jim Boomer and Sandra Wiley.