-
The IFRS Foundation and the International Valuation Standards Council have signed a joint statement of protocols for cooperating on International Financial Reporting Standards and International Valuation Standards in the area of fair value measurement.
March 6 -
The Financial Accounting Standards Board has issued a draft version of its long-awaited Disclosure Framework, aimed at improving its process for evaluating existing and future disclosure requirements in the notes to financial statements.
March 4 -
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.
March 4
-
The Institute of Management Accountants released the results of a survey Monday showing that in every region the global accounting association surveyed, professionals holding its Certified Management Accountant credential had greater earning power than non-CMAs.
March 3 -
The International Federation of Accountants has launched the Global Knowledge Gateway, a service that brings together news, views, resources and thought leadership articles for the accounting profession worldwide.
March 3 -
For the first time, private companies will be able to make two accounting elections that will simplify their reporting requirements and still be in compliance with U.S. GAAP.
March 3 -
A roundup of assurance news from the previous month.
March 2 -
-
-
The role of the IT professional is changing with the cloud and the number of vendor relationships that firms must manage. IT in CPA firms has always been complex due to the number of applications and the diversity of the business processes. However, in today's environment, with mobile devices, remote access, workflow tracking, and self-service portals, firms often have anywhere from 10 to 25 vendors that they deal with, and 40-50 applications.
March 2