Financial reporting

Big Four firm leads among national firms with seven net new clients

Audit and attest news from the previous month

The Financial Accounting Standards Board responded to a post-implementation review of its accounting standard for business combinations by saying that it would consider the findings of the report, along with an upcoming post-implementation review of its fair value measurement standards, and may make changes once the International Accounting Standards Board concludes its own post-implementation review of the corresponding International Financial Reporting Standards.

Research series, FASB conducting field study, Best Places to Work and more…

The profession expects no growth in the next few months, according to the May edition of Accounting Today’s monthly Accountants Confidence Index.

The Securities and Exchange Commission is reportedly preparing to turn its attention to accounting fraud cases after being diverted in recent years to Ponzi schemes and subprime mortgage fraud in the wake of the financial crisis.

A new academic study argues that proposed changes in fair value measurement by the Financial Accounting Standards Board would make it harder to assess the financial soundness of banks, and it’s co-authored by a member of the FASB board.

Robert Herz, the former chairman of the Financial Accounting Standards Board, discusses his new book, "Accounting Changes," including the lessons learned from the financial crisis, the reasons behind his sudden retirement from FASB, the many roles he has been filling since he left FASB, along his accomplishments (and a few regrets) from his time at FASB.

The American Institute of CPAs has introduced a new certificate program for accounting firms expanding their financial forensics practice.

Former Financial Accounting Standards Board chairman Robert Herz discusses his new book, "Accounting Changes," along with where he sees FASB and the IASB's convergence effort going, his experience at Coopers & Lybrand with structuring transactions, and how "Bad Bob" went from being a "poacher" to a "gamekeeper" to a standard-setter.

Scholarships, office relocations and more...

Don't worry if you haven't been paying much attention to news in our space this week, there really wasn't much beyond Intuit finally making(or appearing to make) plans to reach more global customers and is reorganizing to do so.

A post-implementation review of the Financial Accounting Standards Board’s business combinations standard found lingering questions in the minds of some investors, particularly about fair value, despite improvements in the usefulness of the information.

Serenic Corp. has released Serenic Navigator 2013, which applies recent updates from Microsoft Dynamics NAV 2013 technology and functionality.

Intuit Inc. is reorganizing several of its executive staff around what it deems to be its global connected services strategy, mainly focused around serving U.S. and Canadian tax needs as well as expanding product offerings to small businesses around the world.

Significant differences remain between U.S. GAAP and International Financial Reporting Standards, but cooperation and progress continues on some remaining joint projects, according to a new report from Fitch Ratings.

The Securities and Exchange Commission has adopted that latest update to the U.S. GAAP Financial Reporting Taxonomy for filing financial statements using Extensible Business Reporting Language, or XBRL.

In a report to the Spring Meeting of its Governing Council, the American Institute of CPAs gave a review of its 2013 forecast and its proposed 2014 budget that indicated that the institute was in healthy financial condition.

In a wide-ranging keynote address at the Spring Meeting of the Governing Council of the American Institute of CPAs, president and CEO Barry Melancon described an accounting profession in the midst of a variety of transformations.

In a vote at its Spring Meeting, the Governing Council of the American Institute of CPAs authorized the board to offer the institute’s credentials overseas.