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March 17, 2014

FASB Looks into Simplifying Goodwill Standards for Public Companies

Last November, the Financial Accounting Standards Board endorsed simplifying the accounting standards that private companies use in measuring and reporting goodwill, and FASB is currently looking into the possibility of changing the standards for public companies too.

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Posted by Michael Cohn at 11:52AM | Comments (0)

March 14, 2014

Deloitte Focuses on Recruiting Fresh Talent and Diversity

Deloitte held its board meeting in New York this past week and also took time to meet with some members of the press to discuss its diversity and recruiting efforts.

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Posted by Michael Cohn at 04:32PM | Comments (0)

March 7, 2014

Skimmer Fraud on the Rise

Credit card and bank card skimmer fraud has spread around the world, stealing from consumers and banks at locations ranging from gas stations to ATMs and restaurants, according to a report from ACCA USA, the U.S. arm of the Association of Chartered Certified Accountants, and Pace University in New York.

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Posted by Michael Cohn at 01:10PM | Comments (0)

March 6, 2014

Rothstein Kass and KPMG Merger Chitchat

For the last few weeks the accounting profession’s rumor mill has been buzzing with stories that Rothstein Kass is about to be acquired by KPMG. Is this all just a matter of frantic speculation, or could this rumor actually have some truth to it?

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Posted by Tamika Cody at 02:06PM | Comments (0)

March 4, 2014

Companies Need to Adjust to New COSO Framework

The internal control framework that was unveiled last year by the Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, will take some time to adjust to, but the Securities and Exchange Commission is encouraging companies to transition to it by the end of this year.

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Posted by Michael Cohn at 01:01PM | Comments (1)

February 28, 2014

Camp Tax Reform Proposal Makes Waves

The tax reform proposal issued this week by House Ways and Means Committee chairman Dave Camp, R-Mich., is continuing to generate plenty of discussion.

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Posted by Michael Cohn at 05:05PM | Comments (1)

February 27, 2014

G2 FinTech Helps with Hedge Fund Tax Accounting

G2 FinTech focuses on a technology niche of helping accountants automate the process of tax preparation for financial firms that need to deal with complex transactions such as wash sales and straddles on a regular basis.

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Posted by Michael Cohn at 05:55PM | Comments (0)

February 20, 2014

Bloomberg BNA Releases Book on PCAOB

Bloomberg BNA has published a new book examining the history and workings of the Public Company Accounting Oversight Board.

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Posted by Michael Cohn at 02:59PM | Comments (0)

February 14, 2014

Finance Execs Need to Get More Involved in Sustainability Reporting

Financial executives should become more involved in their company’s sustainability reporting efforts, according to a new report.

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Posted by Michael Cohn at 12:32PM | Comments (2)

February 10, 2014

PwC Supports International Valuation Standards Council

PricewaterhouseCoopers has just joined the rest of the Big Four firms in officially sponsoring the work of the International Valuation Standards Council, which aims to create globally recognized and accepted valuation standards, particularly for financial instruments, and promote quality within the valuation profession.

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Posted by Michael Cohn at 05:44PM | Comments (0)


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