BDO USA

The Financial Accounting Standards Board voted Wednesday to propose to delay some of its major accounting standards — including credit losses, leases, hedging and long-duration insurance contracts — for private companies, nonprofits and small reporting companies.

NFPs can fall prey to a cycle where overspending on services leads to a lack of investment in infrastructure and expanding capabilities.

The clarification might lead to problems for some museums.

BDO USA LLP has acquired AC Lordi, a management consulting firm based in Philadelphia, adding 100 professionals to BDO’s offices in the Philly area, effective June 1.

The acquisition brings a number of Fortune 500 clients, and new technology tools.

Online career resource Vault.com named the Big Four firms as the best accounting workplaces committed to female, minority and LGBT diversity for staff members.

The firm is building its presence in the biotech space by buying a consultancy that services life sciences companies.

Tax reform, non-GAAP metrics and sustainability reporting are expected to be among the top shareholder concerns this spring at corporations’ annual general meetings, according to BDO USA.

The American Institute of CPAs has named Angela Newell, a national assurance partner at BDO USA’s Dallas office, as the new chair of the AICPA’s Financial Reporting Executive Committee, succeeding Crowe partner Jim Dolinar.

A deeper look at each of the leading firms from this year's ranking.