Audit & Accounting

A student team from the University of Portland was named champions of the American Institute of CPAs’ 2013 Accounting Competition, winning the $10,000 award to be split among them.

Full-service Minnesota financial firm Apple Valley Accounting & Tax has acquired Gilbertson CPA, with office locations in New Prague and Burnsville.

Office relocations, record high revenues and more...

The Financial Accounting Standards Board and the Private Company Council have issued the final version of their Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies to help FASB and the PCC determine whether and when to provide alternative recognition, measurement, disclosure, display, effective date or transition guidance for private companies reporting under U.S. GAAP.

The Securities and Exchange Commission has voted to propose rules aimed at increasing access to capital for smaller companies.

The accounting profession's expectations for economic growth remained positive for the third month in a row, according to the December edition of the Accounting Today’s monthly Accountants Confidence Index.

Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders, and is looking for more top-notch accounting firms to consider.

The Securities and Exchange Commission issued a staff report Friday to Congress on its disclosure rules for U.S. public companies, as part of the SEC’s efforts to modernize the disclosure requirements and reduce compliance costs for emerging growth companies.

The New York State Society of CPAs celebrated its new headquarters in Downtown Manhattan this week, with an open house and an official ribbon-cutting.

U.S. banking industry groups are pressing regulators to clarify accounting for certain securities under the Volcker Rule after lenders complained the Dodd-Frank Act measure may force them to take writedowns.