The Latest

The Financial Accounting Standards Board is issuing a new accounting standards update on Monday that defers indefinitely certain disclosures about investments held by nonpublic employee benefit plans in their plan sponsors’ own nonpublic equity securities.

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

The Swiss parliament’s recent rejection of a bill that would have provided a solution to Swiss banks’ stand-off with U.S. tax authorities leaves U.S. taxpayers with a lot of unanswered questions about what will happen next.

The National Association of Professional Employer Organizations has grown in membership, revenue and clout since its inception in 1984 .

A campaign finance scandal has led Bazilio Cobb Associates to spinoff its assurance practice to BCA Watson Rice LLP.

The Swiss government announced a new approach allowing banks to hand over data to U.S. authorities in a bid to solve a dispute over undeclared assets and forestall further indictments by the Department of Justice.

Paul Dunn, chairman of the business giving organization Buy1GIVE1 and founder of Results Accountants' Systems and the Accountants' Boot Camp process, talks with Accounting Today senior editor Danielle Lee at the Practitioners Symposium and Tech+ Conference about how firms can create an inspiring environment that attracts managers, staff and clients to join the business.

The Internal Revenue Service has proposed tax relief for money market fund investors in response to concerns about proposed reforms from the Securities and Exchange Commission in the money market industry that could trigger so-called “wash sale’ tax rules.

Rep. Bill Posey, R-Fla., has written a letter to Treasury Secretary Jack Lew questioning regulations that would require U.S. banks and credit unions to collect and report information on nonresident aliens, urging him to cease enforcement of the Foreign Accounting Tax Compliance Act, or FATCA, and stop negotiating intergovernmental agreements with other countries for FATCA enforcement.

The Government Accountability Office recommended in a new report that the Securities and Exchange Commission should consider requiring public companies where applicable to explicitly disclose whether they obtained an auditor attestation of their internal controls.