The Latest

Russell W. Hinton of Atlanta and Peter Hughes of Orange County, Calif., are the 2010 recipients of the American Institute of CPAs’ Outstanding CPA in Government Award.

A group of Democratic senators has written to the chair of the Securities and Exchange Commission urging the SEC to require more complete and accurate corporate accounting disclosures, especially of off-balance sheet transactions.

Eisner LLP has combined practices with Amper, Politziner & Mattia LLP, creating one of the largest accounting firms in the U.S., with over $250 million in annual revenue.

Did you know that workers at the Internal Revenue Service can accrue four hours of vacation time every two weeks - even when they are on sick leave?

If you're a regular reader of my "Ask Rebecca" feature on the Accounting Tomorrow blog, you may have seen this inquiry I recently received from a concerned partner:

GASB LOOKS TO IMPROVE PENSION STANDARDS

Norwalk, Conn.: The Financial Accounting Standards Board and the International Accounting Standards Board have each recently issued exposure drafts proposing changes in the standards for fair value measurement and disclosure in U.S. GAAP and International Financial Reporting Standards.

As part of their ongoing flood of projects, the Financial Accounting Standards Board and the International Accounting Standards Board have also jointly published a draft standard to improve and align the financial reporting of revenue from contracts with customers and the related costs.

Growth is important to CPAs and their firms because it provides additional capabilities, opportunities, revenue and profit. Growth can be organic or from mergers and acquisitions. Many firms are doing both, but growth requires planning, people and processes. Growth doesn't just happen because the partners in your firm decide they need to grow by 10 percent annually in order to maintain partner income. The focus of this article is on five strategies that will help your firm grow organically. They all require thinking, planning and execution, and accountability. The past two years have been challenging for all firms. The ability to grow will be even more important in the future than it has been in the past.

FINANCIAL REFORM ENACTED