Financial reporting

Nearly two-thirds of accountants gave Congress a grade of F in a recent survey.

John Wolfgang, co-founder of UHY International, has stepped down as chairman of the global organization.

In an exclusive interview with Accounting Today, Leslie Seidman chair of the Financial Accounting Standards Board, detailed the current status and likely future timeline for the four main remaining part of the board’s convergence agenda with the International Accounting Standards Board.

UNITED KINGDOM

Financial Accounting Standards Board chair Leslie Seidman is planning for a multilateral way of working with the International Accounting Standards Board in the future, even as her term approaches an end next year.

Jennifer Palmer Farrington has joined WeiserMazars LLP as the new chief marketing officer.

Fruci & Associates has agreed to acquire MartinelliMick PLLC of Spokane, Wash.

The International Federation of Accountants and the International Valuation Standards Council have renewed their memorandum of understanding and plan to strengthen their mutual efforts to improve confidence in business reporting.

Intuit Inc. has made available QuickBooks Online Accountant, which will give accounting professionals Web-based access to tools to perform essential accounting tasks.

BDO USA LLP announced that it is expanding its Philadelphia presence with the addition of Asher & Co. Ltd, for an undisclosed amount.

The trustees of the IFRS Foundation have published their own staff’s analysis of the Securities and Exchange Commission’s final staff report on International Financial Reporting Standards in an effort to address some of the findings and prod the U.S. into embracing IFRS.

The American Institute of CPAs plans to publish its first book for the consumer market early next year.

Recent network memberships, awards, new Web sites and more

New hires, promotions and more

The Financial Accounting Foundation’s recently created Private Company Council plans to host its initial public meeting on December 6.

Dembo, Freedman & Shutt, CPAs, P.C. has agreed to merge with Teal, Becker & Chiaramonte.

HSMC Companies of Lee’s Summit, Missouri and Orizon CPAs of Omaha, Neb., have officially merged.

President and CEO Ken Bishop shares the latest news from the National Association of State Boards of Accountancy.

The International Federation of Accountants and the International Integrated Reporting Council have signed a memorandum of understanding to promote cooperation, coordination and alignment in developing an international framework for Integrated Reporting of sustainable business practices.