Audit & Accounting

The American Institute of CPAs has introduced a new course of study leading to a Certificate of Educational Achievement in International Financial Reporting Standards, demonstrating IFRS competency to employers, firms and clients.

The American Institute of CPAs’ Financial Reporting Executive Committee has published a working draft version of a revised practice aid for valuing equity securities issued as compensation for executives at private companies.

Thomson Reuters has introduced a consulting service to help accounting firms comply with new requirements for review engagements.

The Internal Revenue Service increased its audits of high-income taxpayers last year by as much as 75 percent.

More than three-quarters of oil and gas finance executives said transfer pricing was the most important tax issue they are facing, according to a survey by Ernst & Young.

BDO, the fifth largest network of independent public accounting firms, has added a new member firm in Brazil, which formerly belonged to the Crowe Horwath network, while BDO’s former member firm in Brazil is jumping over to KPMG’s network.

The International Federation of Accountants’ Professional Accountants in Business Committee has significantly updated its Sustainability Framework, a document aimed at helping professional accountants and their organizations integrate sustainability into their strategy, operations and reporting.

CBIZ MHM LLC has formed a national specialty practice group focused on forensic services, bankruptcy and valuation.

iShade.com, a free online network for the accounting profession, has secured an undisclosed amount of funding from Computime Equity Ventures.

The finance and accounting outsourcing market is expected to grow 15 to 20 percent this year and top $4 billion in annual contract value.