Financial 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.

The Mironov Group LLC recently opened a new office in Blue Bell, Pennsylvania and placed Charles Diegel as partner in charge.

The American Institute of CPAs appears to be making progress on a Financial Reporting Framework for Small and Medium-sized Entities that it has been developing in the wake of the Financial Accounting Foundation’s decision to set up a Private Company Council, and plans to expose the framework by the end of the month.

The staff of the Governmental Accounting Standards Board has created a fact sheet to clear up some of the misconceptions about the recent changes in public pension accounting standards.

Meyers, Harrison & Pia, LLC has agreed to acquire Fannon Valuation Group of Portland, Maine.

Federal securities class action filings through Sept. 30, 2012 have been slower when compared to the same time period in 2011, according to the annual PricewaterhouseCoopers Securities Litigation Update.

The American Institute of CPAs has issued Technical Practice Aids with information to help insurance entities with their accounting.

An accounting construct known as permanently reinvested earnings is helping U.S.-based multinational corporations keep tens of billions of dollars in profits overseas, according to a new study.

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