Audit & Accounting

The Private Company Council has voted to finalize an alternative standard for private companies to use when applying variable interest entity guidance to common control leasing arrangements.

Michel Prada, chairman of the IFRS Foundation Board of Trustees, which oversees the International Accounting Standards Board, took countries like the U.S. and Japan to task for taking what he called an “à la carte” approach to accounting standards by not fully embracing International Financial Reporting Standards.

Accounting firms could find value in managing their clients online funding campaigns, according to Xcentric's vice president of marketing Roy Keely.

For the last several years, accounting firms have been merging with or acquiring their peers -- but the shopping spree is bound to come to an end as future leaders head out to create their own practices once the combined firms complete their integration, according to Boomer Consulting shareholder and COO Sandra Wiley.

The Governmental Accounting Standards Board has released a new online toolkit to help preparers and auditors of state and local government pension plans implement new accounting and financial reporting standards.

Accountants face irrelevance if they don't keep up with the continuing changes in technology, according to Jon Baron, managing director of Thomson Reuters' Professional Tax & Accounting.

Ernst & Young has been making a greater effort this Veterans Day and in recent years to increase its outreach to veterans and hire more members of the military to bring their leadership skills to the firm.

Recent calls to get rid of public company audits are way off-base

Habitat for Humanity rehab project, Edge Awards and more...

Check out the digital edition of the November 2013 issue of Accounting Today.