Audit & Accounting

BDO USA LLP has entered into an agreement to acquire Top 100 Firm UHY Advisor's Texas practice. The deal is expected to close on December 1.

The Financial Accounting Standards Board is doing more rigorous cost/benefit analyses of any new changes in accounting standards, and in some cases that is causing some of the divergence from the International Accounting Standards Board, according to FASB officials.

Jody Padar, CEO and principal of the New Vision CPA Group in the Chicago area, announced “The Radical CPA: New Rules for the Future-Ready Firm,” a new online workshop on "radical transformation of the accounting firm business model," as well as a book by the same name.

Troy K. Lewis, chair of the AICPA's Tax Executive Committee, is set to testify on Tuesday, November 18, at the Tax Relief after a Disaster: How Individuals, Small Businesses, and Communities Recover hearing, which will be held by the Senate Finance Subcommittee on Taxation and IRS Oversight.

The California Society of CPAs plans to move its headquarters from San Mateo to Burlingame.

A group of Russian lawmakers has introduced legislation that would prohibit foreign accounting firms from auditing Russian companies in which the government owns more than a 50 percent interest.

Accounting organization leaders are meeting at the World Congress of Accountants in Rome this week to discuss issues such as the future of accounting, problems with government accounting and outsourced workforces, and the state of accounting research.

Two top officials with the International Accounting Standards Board and its parent organization, the IFRS Foundation, gave speeches this week in which they expressed the hope that the Securities and Exchange Commission will ultimately sanction the use of International Financial Reporting Standards by U.S. companies.

At just 17 years of age, Belicia Cespedes of Canyon Country, CA has earned her CPA license, in addition to earning her bachelor's degree and completing two years of part-time work experience under a licensed CPA, according to The Santa Clarita Valley Signal.

Check out the digital edition of the November 2014 issue of Accounting Today.