Audit & Accounting

The Financial Accounting Standards Board has released two proposed accounting standards updates to clarify the criteria for investment company accounting and develop guidance for investment property accounting.

Unlike Texas Governor Rick Perry, I personally do spend time mulling over the immigration status of Mitt Romney's lawn care crew.

CPA2Biz, the American Institute of CPAs’ business unit, will be introducing e-reader publications, a mobile site and mobile apps.

The American Institute of CPAs said the Canadian Institute of Chartered Accountants and CMA Canada are in talks about creating a unique CPA designation in Canada and combining it with their CA and CMA designations.

The American Institute of CPAs passed a resolution Tuesday at its Fall Meeting of Council that would give its board of directors the ability to consider the option of creating a separate committee or board to develop accounting standards for private companies.

CPA2Biz, the marketing arm of the American Institute of CPAs, will offer a CPA-branded email service, CPA.com, for AICPA members this fall, with the goal of offering the profession an alternative to consumer-oriented email services.

The American Institute of CPAs presented the results of a research project forecasting where the accounting profession will be in 2025.

The American Institute of CPAs and the Chartered Institute of Management Accountants intend to officially launch their new Chartered Global Management Accountant credential on January 31.

The American Institute of CPAs has launched a new letter-writing campaign aimed at pressuring the Financial Accounting Foundation to set up a separate standard-setting board for private company accounting.

The Public Company Accounting Oversight Board published previously nonpublic portions of its inspection report from 2008 of Deloitte & Touche LLP after the firm failed to address problems with its audit procedures after a 2007 report.