Financial reporting

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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.

The International Federation of Accountants’ Professional Accountants in Business Committee has significantly updated its Sustainability Framework, a document aimed at helping professional accountants and their organizations integrate sustainability into their strategy, operations and reporting.

CBIZ MHM LLC has formed a national specialty practice group focused on forensic services, bankruptcy and valuation.

iShade.com, a free online network for the accounting profession, has secured an undisclosed amount of funding from Computime Equity Ventures.

The finance and accounting outsourcing market is expected to grow 15 to 20 percent this year and top $4 billion in annual contract value.

The Public Company Accounting Oversight Board has been doing outreach to gauge the views of investors and others on potential changes to the auditor’s reporting model and plans to propose changes as soon as this summer.

Small and midsized accounting firms need to do more to help small businesses cope with the economy in countries around the world, according to international accounting leaders.

The American Institute of CPAs and the Chartered Institute of Management Accountants are teaming in a joint venture that would create an international designation for management accounting.

As the Financial Accounting Standards Board and the International Accounting Standards Board move forward with plans to produce converged standards in areas such as leasing, revenue recognition and financial instruments, companies are expecting the new standards to have a major impact on their businesses, according to a new survey from PwC.

Check out our annual ranking of the Top 100 Firms of 2011.

Check out the digital edition of our March 2011 issue.