A&A news

A&A

Dodd-Frank update: PCOAB announces adoption of interim inspection program for audits of securities brokers and dealers

The Public Company Accounting Oversight Board (PCAOB) has adopted certain rules to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act related to audits of securities brokers and dealers.
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A&A

AICPA and AAM will team up for 2012 annual conference

The American Institute of Certified Public Accountants (AICPA) has announced that it will co-locate its Practitioners Symposium/TECH+ conferences with the Association for Accounting Marketing's Annual Marketing Summit.
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A&A

CPAs, CFOs pessimistic about economy

According to the latest AICPA Economic Outlook Survey, chief financial officers, controllers, and CPAs in executive and senior management accounting roles are far less optimistic now about the direction of the U.S. economy than they were in the first quarter of 2011.
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A&A

Joe Woodard's QuickBooks conference attendees are "Scaling New Heights"

Reflecting a 30 percent increase in attendance over last year, Joe Woodard's Scaling New Heights conference attracted just over 500 attendees this week at the JW Marriott Resort and Spa in Las Vegas.
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A&A

Update from the Center for Audit Quality, AICPA Governing Council 2011

Kicking off the annual Spring AICPA Council meeting in Washington, D.C., Center for Audit Quality Executive Director Cindy Fornelli gave an update on Center for Audit Quality activities Sunday to a packed house, taking place just a block away from CAQ headquarters.
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A&A

National CFO survey finds optimism up, along with inflation worries

Grant Thornton LLP, in a survey of more than 300 CFOs and senior comptrollers, reported that 48 percent say the economy should improve over the next six months, but 66 percent of the respondents say they will raise prices.
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A&A

Condorsement and the future role of FASB

Looking ahead to the time when IASB and FASB have nearly completed their high priority convergence projects, Paul Beswick, deputy chief accountant at the SEC, introduced the concept of condorsement as a potential approach for global standard setting process.
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AccountingWEB Life

Lots of free goodies available during National Small Business Week

To help acknowledge National Small Busines Week, several companies and federal agencies have produce booklets, materials, and other tools that are helpful to small businesses.
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A&A

Accounting and finance professionals seem glum about the economy

Recent survey results show accounting and finance pros paint a depressing picture of the U.S. economy including 70 percent who lack confidence in the strength of the economy.
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A&A

Irritating co-worker habits that keep us up at night

What drives you up a wall? In a recent CFO survey conducted by Accountemps, 41 percent of respondents said sloppy work and lacking attention to detail is the most annoying co-worker trait. C'mon - is this the best you've got?
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Tax

CFOs speak out on economy, health care, wages, and benefits

In a national biannual survey of U.S. Chief Financial Officers and senior comptrollers conducted by Grant Thornton LLP, 54% of respondents say the best way to reduce the U.S. federal deficit is to reduce spending.
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A&A

Slippage in IFRS adoption timeline and hints of change add to uncertainty for U.S. companies

The FASB and the IASB late last month announced a delay for completion of the remaining priority convergence projects from June 2011 until late 2011.
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A&A

Public unions, the economy, and what's at stake for companies now

It's a story that's playing out across the country – cash-strapped governments are scrambling to balance their budgets while hamstrung by the contracts of current and retired public union workers.
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A&A

Making the most of the law firm mixer

Many accounting firms regularly network with law firms and host or attend events with a group of attorneys for the purpose of growing each firm’s or individual’s respective practice. The challenge is how to make these very nice events deliver the results we want.
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A&A

Challenges, best practices for the first XBRL filing

Thousands of small public companies will submit eXtensible Business Reporting Language (XBRL) financial reports, for the first time, with their regular June 15, 2011 filings with the SEC.
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Practice Management

FASB issues proposed accounting standards update on testing goodwill for impairment

The FASB has issued an exposure draft of a proposed accounting standards update intended to simplify how an entity is required to test goodwill for impairment.
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A&A

FASB and IASB publish progress report on conversion

The IASB and the FASB have published a progress report on their joint work to improve IFRSs and U.S. generally accepted accounting principles and to bring about their convergence.
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A&A

Federal contracts: Cost proposals: Why, how, when

When bidding on or fulfilling a federal contract, chances are you'll be required to submit a cost proposal. What is it, how do you do it, and when is it required? The answers will vary depending upon your contract and situation.
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A&A

SEC announces IFRS roundtable

The Securities and Exchange Commission has announced that it will sponsor a roundtable in July to discuss benefits or challenges in potentially incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. issuers.
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A&A

Pennsylvania's CPA Players bring levity to accounting profession

Darth Vader, CPA? Rick and Ilsa always having Paris and tax write-offs? Hannibal Lecter dining on his CPA with fava beans and Chianti? Memorable scenes from classic movies have all undergone a remake, thanks to the Pennsylvania Institute of Certified Public Accountants.
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Pages

Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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