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The Financial Accounting Standards Board and the International Accounting Standards Board said they intend to prioritize the major convergence projects ahead of them as they try to reach the goal of melding U.S. and international accounting standards, with some projects pushed back further next year.
June 2 -
Small business owners' confidence increased for the second straight month in May, rising to its highest level in seven months, according to a new survey.
June 2 -
The American Institute of Certified Public Accountants has told the Internal Revenue Service it should withdraw its proposed rule that would require companies with more than $10 million in total assets to disclose uncertain tax positions on a new schedule.
June 2 -
Financial Accounting Standards Board Chairman Robert Herz is now saying that FASB and the International Accounting Standards Board will probably miss their goal of converging U.S. and international standards by June 30, 2011.
June 2
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Commercial open-source accounting, enterprise resource planning and customer relationship management software provider xTuple has introduced the xTuple Web Portal, which enables users Web sites to work directly with customers, suppliers and other business partners.
June 2 -
Thomson Reuters has named Grant Thornton LLP the first Certified Implementer of its corporate tax software.
June 2 -
The Supreme Court has agreed to hear a case next term that would decide whether medical residents should be considered students or employees when collecting Social Security taxes.
June 2 -
ATM and voting machine maker Diebold and three of its former financial executives have been charged by the Securities and Exchange Commission with engaging in a fraudulent scheme to inflate the companys earnings.
June 2 -
The American Institute of CPAs Peer Review Board has released an exposure draft containing proposed revisions to the guidance for the standards governing CPA firm peer reviews.
June 2 -
Organizations worldwide lose an estimated 5 percent of their annual revenues to fraud, potentially amounting to over $2.9 trillion, according to a new study.
June 2