Financial reporting

Top 100 CPA and business advisory firm Cherry Bekaert & Holland has divested its Mobile, Ala.-based office to local accounting firm Wilkins Miller Hieronymus LLC for undisclosed terms.

The Financial Accounting Standards Board said Wednesday that it would consider postponing the effective date of certain provisions of a recently issued standard on the presentation of comprehensive income.

A new report from a task force led by the International Federation of Accountants urges greater acceptance of globally accepted high-quality international standards for financial reporting, auditing, valuation and actuarial services and other regulations, to restore the proper functioning of the financial markets.

The New Jersey Society of CPAs said Friday that a number of candidates for the CPA Exam in New Jersey have had their applications rejected by CPA Examination Services because of confusion over whether they had met the necessary education requirements.

In his first speech in the U.S. as chairman of the International Accounting Standards Board, Hans Hoogervorst made the case for why the U.S. should adopt International Financial Reporting Standards.

IMGCAP(1)]Check out the digital edition of the October 2011 issue of Accounting Today.

PricewaterhouseCoopers took back the lead in global revenues from Deloitte Touche Tohmatsu, posting $29.2 billion in annual revenue worldwide.

The Financial Accounting Standards Board’s Not-for-Profit Advisory Committee has recommended a set of fundamental changes in the accounting rules for nonprofit organizations that would require them to explain their finances to donors and other interested parties in greater detail.

The Financial Accounting Foundation’s board of trustees released a proposed plan Tuesday calling for the establishment of a new council that would be able to identify, propose and vote on improvements to U.S. accounting standards specifically for private companies, but the changes would still be subject to ratification by the Financial Accounting Standards Board.

Crowe Horwath LLP plans to merge in Perry-Smith LLP on Nov. 1, expanding the Chicago-based firm’s footprint to San Francisco and Sacramento.

As last month's one-two punch of Hurricane Irene and Tropical Storm Lee devastated the East Coast with massive flooding, widespread power outages and as-yet-uncalculated billions in damages, many of that region's accounting firms were forced to implement disaster recovery programs before business slowly returned to normal.

The Financial Accounting Foundation is poised to release the proposals of its trustee working group for changing the structure and process of the Financial Accounting Standards Board's oversight of standards for private companies and nonprofits.

The Financial Accounting Standards Board has finalized a new standard aimed at simplifying how organizations test goodwill for impairment.

The concept of quality governance practices within nonprofit organizations is not revolutionary. Historically, however, the role of those charged with the governance of nonprofit organizations - the board of directors - has not always been clearly defined.

PRIVATE MATTERS

Accounting Today has released its annual list of the Best Accounting Firms to Work For, which identifies and honors the best places of employment in the accounting industry.

In a union that would create one of the largest CPA and business advisory firms in California, Top 100 Firm Burr Pilger Mayer is merging with Windes & McClaughry Accountancy Corp., effective Jan. 1, 2012.

H&R Block announced Thursday it will discontinue service under its ExpressTax brand, which primarily served early filers who wanted quick refunds and currently has 269 franchise offices.

While Southeast accounting firm Elliott Davis scored first in four categories of university and employer ranking Web site Vault.com’s Accounting Quality of Life Rankings for 2012, accounting firms shared the wealth in the other 11 categories.