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Faculty at colleges and universities nationwide say U.S. educators should spend more time teaching global accounting standards, if they don't want their students to be at a disadvantage in the global marketplace, according to a new survey by the American Accounting Association and KPMG LLP.

Epicor Software Corp., a provider of retail, manufacturing and hospitality software applications, has acquired Denver-based Spectrum Human Resource Systems Corp. for $16 million.

As more accounting firms expand to China, they could find themselves in an awkward position with their Hong Kong and mainland Chinese operations.

Perhaps it’s because Sage North America has experienced a recent spate of executive turnovers, or the fact that its chief executive never had any intention of staying on for the long term.

CCH has upgraded its IntelliConnect online tax and accounting research service with improvements in its user interface, search features and research tools.

The Bush tax cut and unemployment benefit extension legislation passed a key procedural hurdle in the Senate on Monday, overcoming the 60-vote threshold needed to come up for a vote later in the week.

Mid-market accounting software developer Open Systems Inc. has introduced a new reseller unit focused on developing business within the Americas, which will be headed by newly appointed vice president of channel development Linda Shillingburg.

Regional CPA firm Eide Bailly’s partners have elected Mark Martens of Fargo, N.D., and Ty Inglis of Minneapolis to the firm’s board of directors.

The International Accounting Education Standards Board has released a proposed revision of the standards for continuing professional development for accountants for the first time in six years.

Payroll and HR services provider Paycor has launched Custom Web Reporting, a new product that enables users to develop reports on labor distribution, employee overtime and benefits, reconciliation of health insurance costs, and workers’ compensation, among others.