Audit & Accounting

The Securities and Exchange Commission staff released its work plan Thursday for how International Financial Reporting Standards might be incorporated into the U.S. financial reporting system.

The Securities and Exchange Commission voted to adopt rules to establish a whistleblower program that rewards individuals who provide the agency with high-quality tips that lead to successful enforcement actions.

Securities and Exchange Commission chair Mary Schapiro told an accounting group that “investors are not as confident as they could be” in accountants, and she plans to make some changes.

The American Institute of CPAs held its annual ritual this week of visiting lawmakers’ offices on Capitol Hill to press the case for tax simplification, a ban on tax patent strategies, changes in tax-filing due dates, and other legislative priorities.

The American Institute of CPAs gave John W. Dean, a partner at the accounting firm Heard, McElroy & Vestal, LLP, in Shreveport, La., its Public Service Award at its Spring Meeting of Council.

American Institute of CPAs president and CEO Barry Melancon derided the recent efforts of the Financial Accounting Standards Board to preserve its authority over private company accounting standards, saying, “Sometimes dynasties need to be broken.”

The American Institute of CPAs has given its Distinguished Achievement in Accounting Education Award to Dale Flesher, a professor at the University of Mississippi.

The AICPA Council voted Monday to approve a joint venture with the Chartered Institute of Management Accountants to create a new credential for management accountants internationally.

You can follow Accounting Today’s and Accounting Tomorrow’s coverage of the American Institute of CPAs Spring Meeting of Council conference in Washington, D.C. on our Twitter pages: @Accounting Today, @ATomorrow and @WebCPAtweets, with tweeting by editors Danielle Lee and Michael Cohn.

The American Institute of CPAs kicked off its 2011 Spring Meeting of Council on Sunday with a discussion of the Institute’s legislative priorities.