Financial reporting

The Financial Accounting Standards Board has released a new implementation guide for the Extensible Business Reporting Language. This guide, the fifth in a series, focuses on modeling other comprehensive income transactions in XBRL.

CPA firms may be struggling to properly assess risk and document IT risk assessments, according to information compiled by the American Institute of CPAs from recent peer reviews.

A new Canadian accounting and business organization, Chartered Professional Accountants of Canada, officially became operational Monday.

We are republishing some classic Spirit of Accounting columns while we're extra-busy with a new major project. We selected this one because (alas!) several of its points are just as valid today as they were when it was printed in October 2002

Accounting firm REDW, one of the Top 10 Regional Leaders in the Southwest, has joined forces with Phoenix-based RCG Plan Administration LLC, a third-party administrator and record-keeper for small and midsized business and native American retirement plans.

The Ministry of Finance of Singapore announced its approval of a plan to phase out the Certified Public Accountant of Singapore designation in favor of the new “Charted Accountant of Singapore,” starting in July of this year.

Accounting software maker Cougar Mountain Software has added three new business accounting packages based on their Denali product that are designed to work with various stages of a business’ growth.

At Deloitte, diversity is so yesterday. Not because the Big Four has abandoned multiculturalism, but because the conversations have grown more complex.

A holistic journey to an improved professional lifestyle

While firms today often have little choice but to engage in international business, the savvy ones have already made that big decision.

Tax pros can expect more and more clients to face a host of international issues

Frank Ross, director of Howard University's Center for Accounting Education and a longtime proponent of increasing diversity in the profession, thinks that it's time for a new approach to the issue.

August Aquila and Angie Grissom discuss the debate over the role of the managing partner

Major new requirements and obligations under the Affordable Care Act go into effect in 2014. Many individuals and employers are only vaguely aware of them; fewer still appear to be aware of how to react.

A roundup of accounting firm mergers from the previous month

I recently had the interesting task of facilitating a group discussion on the topic of mentoring programs among representatives of CPA firms throughout the U.S.

How one wealth manager is industrializing his approach to partnering with CPAs

There are several ways to serve your clients in the financial planning world. No model is wrong or right -- but there are some that may work better than others depending upon the makeup of your firm.

A roundup of accounting news from the previous month

After years of languishing as a peripheral accounting service, payroll has become one of the hottest trends adopted by CPA firms.