The Latest

The Tennessee State Board of Accountancy has adopted a resolution officially recognizing the American Institute of CPAs’ recently issued Financial Reporting Framework for Small and Medium-sized Entities, apparently the first state board to do so.

Your client has a successful closely held business. Perhaps your client has already indicated that, at some indeterminate point in the future, the business will be sold. Even if your client has not given such an indication, you are well advised to at least broach the topic as a matter of long-term contingency planning.

Accounting firms and other businesses are getting paid more slowly for their goods and services, according to a new report.

The Public Company Accounting Oversight Board posted an updated list of firms Monday that have registered with the PCAOB, but have not yet been inspected, even though four or more years have passed since they issued an audit report while registered.

The former manager of an H&R Block outlet has been sentenced to 12 months and one day in federal prison for using the identities of his former tax preparation clients to file false returns with the Internal Revenue Service seeking fraudulent income tax refunds.

Top Sage North America partner Net@Work has hired former Sage channel partner head Tom Miller to lead its own Partner Alliance Program, four months after he officially retired.

The International Accounting Standards Board has published for public comment a discussion paper exploring possible changes to the IASB’s Conceptual Framework for Financial Reporting.

Sixty-nine percent of U.S. business executives who are involved with business development and corporate strategy anticipate their companies will invest in geographic expansion, particularly in high-growth and emerging markets, according to a new survey by KPMG LLP.

A continued focus on customer experience, cloud and mobile initiatives and payments -- along with staying the branding and product course laid out over the past two years -- was the primary tone of this year’s Sage Summit user and partner event.

The hottest trends and topics today are practice management, workflow, process, technology and the cloud—all mechanisms by which firms deliver services. But that’s only the “What” of what we do.