Financial reporting

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.

BDO USA’s consulting division selected Maryellen Sebold to serve as managing director in its West Coast litigation and fraud investigation practice.

An executive summary of our monthly ACI for October

Recent network memberships, awards, new Web sites and more

New hires, promotions and more

Paul Ryan has moved up the ladder at Hartman Leito & Bolt LLP as tax partner.

The former head of the Polaris accounting association has started a new association of independent accounting, legal and consulting firms known as Abacus Worldwide.

Skoda Minotti has completed the acquisition of the Akron, Ohio-based Lomax, Soful & Foster, Inc. Terms of the deal were undisclosed.

While the outcome of the 2012 presidential election is still up in the air, the nation’s accountants are putting their money behind the candidate they hope will change Washington.

Though Laura Wood leads a busy life as a designated Enrolled Agent and cofounder, with her husband, of Florida-based National Accounting and Management Services, or NAMS, the October Accountant of the Month doesn’t forget to stop and smell the roses. In fact, she makes a point of it, when flying above them in her powered parachute.

Top 100 Firm Carr, Riggs & Ingram added Roberts, Cherry & Co. to its Louisiana practice.

Top 20 Firms J.H. Cohn LLP and Reznick Group PC have officially combined to form CohnReznick LLP, which will have 2,000 employees, 25 offices and more than $450 million in revenue.