A&A news

A&A

The 2011 Women to Watch awards – recognizing outstanding women in the accounting profession

Outstanding women – those who have made significant contributions to the accounting profession and to the development of women – receive recognition through the Women to Watch program.
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Community News

Results of 2011 Rosenberg MAP Survey released

The Rosenberg Survey team is pleased to announce that results are in for the 2011 MAP Survey. Overall, the survey reveals a trend that many firms are reinvesting in the future.
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A&A

A move toward separate accounting standards for private companies begins

For all those private companies frustrated with being forced to spend $25,000 on a valuation of intangible property or goodwill, or spending hours drafting disclosures that users may not read, or being burdened with a myriad of other financial reporting responsibilities, there may be some relief on the way.
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Practice

Prepare your clients for upcoming 401(k) regulations

A new regulation set forth by the Department of Labor (DOL) states that 401(k) plan vendors will have until April 1, 2012, to disclose fees to plan sponsors, while plan sponsors will have until May 31, 2012, to disclose fees to employees on their quarterly statements.
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A&A

PCAOB to initiate broad discussion of issues relating to auditor independence

The PCAOB is conducting an open meeting at its headquarters in Washington DC to consider a concept release on ways that auditor independence, objectivity, and professional skepticism could be enhanced.
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A&A

NASBA, AICPA announce online mobility tool designed to help CPAs practice across state borders

The NASBA and the AICPA have launched an online tool designed to help CPAs navigate the new practice privilege requirements, commonly referred to as mobility laws, that allow CPAs to practice across state borders.
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Practice Management

Measuring trust in business

Trust is a vital element of business, yet it's difficult to measure and often gets overlooked. Two research groups have devised their own rating systems to determine which companies are most trustworthy.
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A&A

MACPA embraces XBRL in case study for private companies and nonprofits

Historically, the conversation about XBRL has centered on public companies, thanks to its promise of delivering timely, accurate, and transparent financial information to investors. That conversation is beginning to shift.
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A&A

With pension fund dwindling, Central Falls, RI, enters bankruptcy

The smallest city in Rhode Island has landed in bankruptcy court after making retirement benefits promises it was unable to keep, a dilemma facing many municipalities across the country.
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A&A

PCAOB announces disciplinary actions against former E&Y auditors

The Public Company Accounting Oversight Board has announced settled disciplinary orders against a former Ernst & Young partner and senior manager for their roles in providing misleading documents and information to PCAOB inspectors and altering working papers.
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A&A

'Hey there, Bob Pozen' YouTube video addresses complexity in financial reporting

Steven Zelin, aka "The Singing CPA," and Edith Orenstein, AccountingWEB blogger for Financial Executives International (FEI), have teamed up to create a music video celebrating the third anniversary of the SEC's Advisory Committee on Improvements to Financial Reporting.
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A&A

Private companies, auditors pressure Financial Accounting Foundation for separate standards

Auitors, private company executives, and lenders have submitted comment letters to the Financial Accounting Foundation in support of separate standards for private companies.
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Education & Careers

AccountingWEB student scholarship winning essay: Secret agent accountant

Howard G. Telson, AccountingWEB student scholarship winner from The College of New Jersey, shares a clever story about the possible use of smartphone applications.
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A&A

IFRS Roundtable: Small public companies and regulators concerned about cost of adopting IFRS

Executives from small public companies and auditors representing regional firms participated in the second panel during the SEC's recent roundtable in Washington that explored the benefits and challenges of adopting International Financial Reporting Standards (IFRS).
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A&A

IFRS Roundtable on adoption of IFRS: Investor viewpoint

The Securities and Exchange Commission (SEC), which is responsible for accounting standards in the U.S. and for the protection of investors, has said it will decide by the end of this year whether to adopt International Financial Reporting Standards (IFRS) for U.S. public companies.
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A&A

Sage North America announces end of product brand names

"We will be dropping the use of product brand names," said Sage North America CEO Pascal Houillon. Leading Sage brands include Peachtree, Timberline, Accpac and MAS, Simply Accounting, and ACT!.
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A&A

GASB to propose changes to accounting for state pensions

The Government Accounting Standards Board (GASB) will propose changes later this month to the method used by most U.S. state and local governments when they report unfunded pension liabilities on their balance sheets. The proposed changes could result in an increase in the amount of liabilities governments will report.
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A&A

PCAOB moves forward with changes to auditor's reporting model

Citing a goal of investor protection, the PCAOB has issued a concept release to discuss alternatives for changing the auditor's reporting model. The Board is seeking comment on alternatives and other matters presented in the concept release.
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A&A

Forensic accountants are increasingly becoming part of the legal team

In the aftermath of accounting scandals, financial crimes, and business collapses, the rapidly growing specialty of forensic accounting continues to define itself. There is an incredible need within law firms for the specialized skills of FAs.
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Practice Development

Seize the future: AICPA leaders describe changing landscape of profession

AICPA Chairman Paul Stahlin and President and CEO Barry Melancon took time out from their busy schedules this week to address the attendees at this year's annual AICPA Practitioners Symposium and TECH+ conference in Las Vegas.
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Pages

Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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