Financial reporting

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.

International Accounting Standards Board chairman Sir David Tweedie made the case Thursday for U.S. businesses and the Securities and Exchange Commission to support International Financial Reporting Standards this year.

Basic changes to the format of financial reports need to be made to keep them relevant and useful, according to a newly released report.

The Financial Accounting Foundation said Monday it would begin live video webcasting of all education sessions hosted by the Financial Accounting Standards Board.

The board of trustees of the Financial Accounting Foundation has formed a trustee working group to address the issue of accounting standard-setting for nonpublic entities.

Transitioning to International Standards on Auditing has become an important issue for many accountants, according to a new survey.

International administration of the Uniform CPA Examination will be offered during the month of August in Japan, Bahrain, Kuwait, Lebanon, and the United Arab Emirates, the American Institute of CPAs, the National Association of State Boards of Accountancy and Prometric announced on Tuesday.

The Securities and Exchange Commission has adopted the 2011 U.S. GAAP Financial Reporting Taxonomy.

Finding the best method of measuring assets and liabilities has been both elusive and controversial.

The International Federation of Accountants has released a revised edition of its Good Practice Guide, “Establishing and Developing a Professional Accountancy Body,” with new material on governance, the public sector, case studies, and practical illustrations.

The trustees of the IFRS Foundation have appointed Takatsugu Ochi to a five-year term on the International Accounting Standards Board, reflecting an effort to include representation from outside Europe and North America.