Financial reporting

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.

The American Institute of CPAs voted to allow changes in the definition of “attest” during its Spring Meeting of Council on Sunday in an effort to fend off competition from non-CPA firms and unlicensed CPAs who offer attest services using AICPA standards.

Best places to work for recent graduates, office relocations and more...

The Tax & Accounting business of Thomson Reuters launched its sixth annual series of Partner Summits this week with a two-day event in Houston.

Big Four firm KPMG led the pack among large and national firms in the market for Securities and Exchange Commission audit clients in the first quarter of 2013, with a net of seven new clients.

The Financial Accounting Standards Board is looking for comment on proposed structural changes to the U.S. GAAP Taxonomy.

The Financial Accounting Standards Board and the International Accounting Standards Board have released for comment a revised exposure draft proposing significant changes to the standards for accounting for leases.

Top 100 Firm Kahn, Litwin, Renza & Co. announced the opening of KLR Emerging Business Center. The center will provide co-working office space and accounting services to start-up and emerging companies.

Fifteen of the largest banks in the U.S. have written a letter to the chairmen of the Financial Accounting Standards Board and the International Accounting Standards Board encouraging them to resolve their differences over the standards for credit losses in their financial instruments convergence project.

The American Institute of CPAs has a number of high-profile items on the agenda for its Spring Meeting of Council next week, including re-evaluating its recognition of the International Accounting Standards Board as a standard-setter, changing the definition of attest services and globalizing more of its credentials.

The Financial Accounting Standards Advisory Council, which advises the Financial Accounting Standards Board on its priorities and agenda, is asking for suggestions on what FASB’s future agenda should be.