AT Think

A meeting at the AICPA offices earlier today of the Global Accounting Alliance featured some spirited debate over the growing complexity of financial reporting and how it can be made simpler and more useful.

How many seniors does it take tochange a light bulb? It only takes one, but it can be a lot more rewarding ifit takes two – a senior and a youth, a grandparent and a grandchild, an “acorn”and an “oak.”

David Friehling, the CPA who acted as Bernie Madoff's accountant for 17 years, has waived his right to a grand jury, signaling that he is likely to plead guilty soon.

More and more people are tweeting these days and now the North Carolina Young CPAs have currently joined the ranks.

CIT Group is moving nearer a deal to get help from the Treasury and the FDIC as the firm struggles with a cash crunch that threatens to choke off credit to small businesses.

It’s not about the technology, it’s about the relationships. This mantra comes from Tom Hood CPA and president of the Maryland Association of CPAs. Of course, he’s right – when talking about social media.

With only about 11 days to go, about half of New York State CPAs have not yet registered with the state in accordance with a new accounting reform law that Governor David Paterson signed in January.

The AICPA Leadership Academy has come and gone but you can still gain some insight about the event through one blogger who writes about his experiences through the Alabama Society of CPAs.

The International Accounting Standards Board introduced a slimmed down set of International Financial Reporting Standards last week for small and midsized businesses, but many companies in the U.S. are probably not likely to drop GAAP anytime soon.

IMGCAP(1)] Malik, a first-year African-American associate assignedto a major accounting firm’s California office, frets that he has blownhis one chance to make a good first impression: