Financial reporting

The American Institute of CPAs has stepped up its campaign to dislodge control of private accounting standard-setting from the Financial Accounting Standards Board.

The Financial Accounting Standards Board has released a new Accounting Standards Update aimed at improving employer disclosures for multiple-employer pension plans.

The International Federation of Accountants has begun an executive search for a CEO to succeed incumbent Ian Ball, whose contract expires in February 2013 and who is not seeking another term.

Financial Accounting Standards Board chair Leslie Seidman said that many of the priority projects slated for convergence with the International Accounting Standards Board probably will not be settled until next year at the earliest.

Financial Accounting Standards Board chair Leslie Seidman argued Tuesday that the board has been increasing its outreach to private company accountants as FASB awaits a report from the trustees of its parent organization on whether oversight of private company accounting standards should be handed to a separate board.

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

IMGCAP(1)]This year the SSAE 16 assessment standard will replace the SAS 70 audit standard.

A trustee working group at the Financial Accounting Foundation plans to release its proposals in the next few weeks for changing the structure and process of the Financial Accounting Standards Board’s oversight of standards for private companies and nonprofits.

As part of our Top 100 Most Influential People in Accounting report, we asked the candidates how likely they thought it would be that we will see separate accounting standards for private and public companies in the U.S. in the near future, and if they thought it likely, what form they thought it would take.

As part of our Top 100 Most Influential People in Accounting report, we asked the candidates: "What is the most important issue currently facing the accounting profession?"

IMGCAP(1)]Our annual list of the thought leaders and change-makers who are shaping the future of the profession.

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

Accounting Today released its inaugural Accountants Confidence Index today, revealing that the accounting profession has serious concerns about the state of the economy.

An international committee has unveiled a draft framework for combining financial reporting with other aspects of an organization’s performance, including the environmental and social context.

Accounting Today and business outsourcing solutions giant ADP have formed a strategic partnership with the introduction of the Executive Research Council, whose members will be surveyed each month to create the new Accountants Confidence Index.

Close to 2,500 letters have been written to the Financial Accounting Foundation supporting the creation of a separate standards board for private company accounting, according to the American Institute of CPAs.

CFOs are predicting an increase in hiring in the fourth quarter of this year, according to a survey by staffing company Robert Half International.

The Financial Accounting Standards Board has added a new project to its crowded agenda: the impairment of intangible assets with indefinite lives.

The CFA Institute told the Securities and Exchange Commission that its long anticipated decision on whether or not to incorporate International Financial Reporting Standards into the U.S. financial reporting system should wait until the SEC completes its work plan for incorporating IFRS.