Financial reporting

The U.S. Financial Accounting Standards Board is expected to be one of the standard-setters participating in a multilateral group that will be advising the International Accounting Standards Board, but it will be among at least a dozen standard-setters from around the world participating in the group.

PwC US has acquired the IT and program management consulting firm, Ray Group International LLC, for an undisclosed sum. The deal closed on Nov. 6, 2012.

Check out the digital edition of the November 2012 issue of Accounting Today.

Only 22 percent of corporate finance and accounting executives are satisfied with the training options available to their employees, according to a new survey by KPMG.

Recent network memberships, awards, new Web sites and more

Check out all of our post-election coverage and find out what the results mean for accounting and tax professionals:

While the accounting profession's biggest political action committees lost their main bet on Election Day, they can hope to recoup some of their losses from their side bets in the Senate.

The International Federation of Accountants has released for comment a proposed strategy for projects it plans over the next four years to address the needs of accountants who work within companies or as advisors to businesses.

Judith Frederiksen has been hired to serve as vice president and controller at CAMICO.

The IRS is now sending letters to preparers who are suspected of filing inaccurate EITC claims.

On the first morning of its annual User Conference, being held now in San Diego, tax and accounting solution and research provider CCH, a Wolters Kluwer business, emphasized the importance of mobility to modern accountants.

Cloud and mobile top the list of emerging technologies transforming the tax and accounting profession, according to the 2012 CCH Technology Survey, an independent nationwide survey of more than 400 accounting professionals.

KPMG LLP has elected P. Scott Ozanus to serve as deputy chairman and chief operating officer of the audit, tax and advisory firm. Ozanus succeeds Henry Keizer, who will retire at the end of 2012.

The Financial Accounting Standards Board is giving more time to people to comment on its proposals for clarifying financial statement disclosures as a result of Hurricane Sandy.

Accountants can -- and should -- help their clients prepare for disaster.

Federal, state and local authorities have issued various forms of tax relief for those affected by Hurricane Sandy last week.

The board of directors of the CFP Board of Standards announced the immediate resignations of its chairman Alan Goldfarb and two members of the Disciplinary and Ethics Commission.

Top 100 Firm The Bonadio Group has agreed to add Richard Zweifel and his team to its central N.Y. roster.

CHINA

In response to the disruptions caused by Hurricane Sandy, the Financial Accounting Standards Board is extending the deadline for comment on a staff paper that outlines an approach for deciding whether and when to modify U.S. GAAP for private companies.