Financial reporting

The American Institute of CPAs said Wednesday that it is expanding the registration and exam options for its specialty credentials, providing CPAs with more flexibility and opportunity to pursue designations that help differentiate them in the market.

Accounting and business consulting firm J.H. Cohn announced revenues of $236 million for the fiscal year ending Jan. 31, 2011.

The International Public Sector Accounting Standards Board has published its 2011 Handbook of International Public Sector Accounting Pronouncements.

The Financial Accounting Standards Board has issued an exposure draft of a proposed Accounting Standards Update that aims to simplify how an entity is supposed to test goodwill for impairment.

The Financial Accounting Standards Board and the International Accounting Standards Board provided a progress report Thursday on the latest timeline for their major convergence projects.

United States District Court Judge J. Michael Seabright sentenced Kauai tax preparer Dennis Nimkie, age 66, to 18 months imprisonment for falsifying information on an income tax return he prepared for another person. Nimkie pled guilty to one of 26 charges but agreed that the conduct on the remaining charges could be considered in determining his sentence and the amount of restitution owed the government.

The American Institute of CPAs has included the latest guidance from the Financial Accounting Standards Board on accounting for mergers and acquisitions in the newest edition of its book Accounting Trends & Techniques.

The International Accounting Education Standards Board proposed changes in its ethics standards to provide for learning and development activities in professional values and ethics for accountants throughout their careers.

Leaders of the Financial Accounting Standards Board and the International Accounting Standards Board said Thursday they have pushed back their work on the handful of “priority” projects they had committed to complete this year.

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The American Institute of CPAs has joined up with the White House on a new initiative aimed at helping veterans and their families who want to start or grow a small business.

Check out the digital edition of the April 2011 issue of Accounting Today.

The Financial Accounting Standards Board has revised its accounting standards to provide greater consistency in the treatment of various types of debt restructuring.

Baseball aficionados know the frustration of their favorite teams promising "wait until next year," at the tail end of yet another season that even the best PR spin could only be described as "rebuilding."

On Dec. 6, 2010, Securities and Exchange Commission Chair Mary Schapiro spoke to several thousand assembled accountants at the annual SEC/Public Company Accounting Oversight Board/American Institute of CPAs conference in Washington, D.C. By tradition, the chair's annual remarks are usually not very newsworthy because they mainly assure the profession that the chair understands that accountants and accounting issues are important to securities regulation.

The American Institute of CPAs has introduced a new course of study leading to a Certificate of Educational Achievement in International Financial Reporting Standards, demonstrating IFRS competency to employers, firms and clients.

The American Institute of CPAs’ Financial Reporting Executive Committee has published a working draft version of a revised practice aid for valuing equity securities issued as compensation for executives at private companies.

More than three-quarters of oil and gas finance executives said transfer pricing was the most important tax issue they are facing, according to a survey by Ernst & Young.

BDO, the fifth largest network of independent public accounting firms, has added a new member firm in Brazil, which formerly belonged to the Crowe Horwath network, while BDO’s former member firm in Brazil is jumping over to KPMG’s network.