AT Think

The New York State Society of CPAs has sent a trio of new comment letters to the Financial Accounting Standards Board asking for clarification on FASB’s proposed standards for investment company accounting, and supporting its new guidance on principal versus agent analysis and proposals for investment properties.

Do you pin? If not, you should consider it. Pinterest is one of 2012’s fastest growing social startups—reaching 10 million unique visitors faster than any other independent website.

Japanese authorities have arrested seven former Olympus executives and outside advisors as the accounting scandal at the camera and medical equipment maker took a dramatic turn.

Global accounting, taxation and business advisor association BKR International established a worldwide scholarship program to recognize the academic and career achievements of young accountants.

The Texas Society of CPAs recently honored 12 members as Rising Stars, a recognition of CPAs under the age of 40 who have shown innovation and leadership in the profession and community.

The Internal Revenue Service issued guidance last week on how to apply the Section 909 foreign tax credit splitter rules, which were enacted in August 2010 as part of the Education Jobs and Medicaid Assistance Act.

Florida CPA and consulting firm Markham Norton Mosteller Wright & Company recently donated all of the proceeds from an educational series it hosted to the Greater Fort Myers Chamber of Commerce Women in Business.

Seattle-headquartered CPA firm Clark Nuber was named a winner of the 2012 Better Workplace Awards by the Association of Washington Business, recognizing companies that lead the way in workplace safety, job training and advancement, and innovative benefit and compensation programs.

The majority of comments on the Public Company Accounting Oversight Board’s proposal for mandatory rotation of audit firms by publicly traded companies have been negative.

Minnesota CPA firm Abdo, Eick and Meyers received the Small Business of the Year award from the Greater Mankato Area United Way for their volunteering and fundraising efforts for the organization.