Financial reporting

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A roundup of major accounting news and events

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Public accountants can look forward to reasonable pay bumps next year, according to the 2013 Salary Guide for Financial and Accounting from staffing and placement company Robert Half.

The International Accounting Standards Board has decided to re-expose the latest version of its ongoing project aimed at revising the accounting standards for insurance contracts and is seeking feedback.

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Edward Reitmeyer has joined the Philadelphia office of CBIZ MHM, LLC where he will serve as managing director and head the Real Estate Advisory Services Group.

Sir David Tweedie, the former chairman of the International Accounting Standards Board, has been appointed chairman of the Board of Trustees of the International Valuation Standards Council.

(Bloomberg) Camera and medical equipment maker Olympus Corp.’s former chairman Tsuyoshi Kikukawa pleaded guilty to covering up losses at the Japanese camera maker in an accounting fraud case that sparked criticism of ineffective corporate governance in Japan.

David Burns has joined BDO Capital Advisors LLC, the investment banking unit of BDO USA LLP, as managing director.

Edward Rigby has joined the tax services practice at ParenteBeard LLC as principal. Rigby will work out of the firm’s Clark, N.J. office.

The N.J. firm expands its offerings into a new niche with the acquisition of McGonigle & Co.

Randy Robason has been selected to lead Grant Thornton LLP’s International Tax practice.

A bill requiring federal agencies to place new controls on government charge cards and enforce more stringent penalties for violations by federal employees is on its way to President Obama for his signature, following final passage by Congress over the weekend.

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Todd Boslau was recently promoted to partner at Top 100 Firm ParenteBeard LLC.

The CPA test is one of the most difficult professional credential examinations where the average passing rate is one of the lowest in any professional qualification test.

The Financial Accounting Foundation’s board of trustees appointed former NASBA chairman Billy Atkinson as chairman of the new Private Company Council, and named the other members of the new council, which will be able to recommend and vote on changes to accounting standards for privately held companies.