Audit & Accounting

Deloitte has formed an International Financial Reporting Standards University Consortium to help bring IFRS into more college classrooms.

The Internal Revenue Service has published the 2009 inflation-adjusted deduction limits for health savings accounts.

The Securities and Exchange Commission voted at an open meeting to propose that companies begin filing financial statements in an interactive tagged format as early as next year.

Nearly 75 percent of CFOs and senior comptrollers have no experience using International Financial Reporting Standards, while 55 percent are unfamiliar with the Extensible Business Reporting Language, according to a new survey by Grant Thornton.

With so many accounting standards, it can be hard to keep up with them all.

With convergence to a single set of global accounting rules an inevitability as opposed to a possibility, it’s up to standards setters and regulators to put forth guidelines that are not only the best that can be written, but also ones that shed unnecessary complexity.

The American Institute of CPAs has appointed Jay Hanson as chairman-elect of its Accounting Standards Executive Committee.

The Securities and Exchange Commission is expected to announced a proposed rule Wednesday mandating the filing of SEC reports in Extensible Business Reporting Language format.

Accounting firm Moss Adams has named Rebecca Pomering CEO of its wealth management division.

A group promoting pastors’ First Amendment rights has announced an initiative to challenge the ban on endorsements of political candidates by tax-exempt organizations.