Audit & Accounting

AT LAST, SORT OF

Sixty-one of the top 100 recipients of federal small business contracts for fiscal year 2010 were large companies, according to a new report.

The Financial Accounting Standards Board has launched a new Web portal for nonpublic entities as the board tries to retain its role as the standard-setter for private company accounting.

The American Institute of CPAs has issued new attest guidance that enables CPAs to report on the controls at a service organization, particularly ones that provide outsourced services to other companies via technologies like cloud computing.

Accounting Today is expanding its Facebook community with a new contest that gives readers a chance to win a free iPad.

Accounting Today is issuing a call for nominations for its annual Top 100 Most Influential People in Accounting list.

The Private Company Financial Reporting Committee received an update on the Financial Accounting Standards Board’s efforts to bring U.S. GAAP into line with International Financial Reporting Standards, especially in how that effort would relate to private companies.

The National Society of Accountants has created a new social network for tax preparers.

The Governmental Accounting Standards Board is expected to issue new proposals this week that would require state and local governments to be more open about their pension-funding obligations.

The American Accounting Association reassured its members last week about its legal standing after a professor raised questions about several errors in the series of entities set up by the group of accounting educators and researchers.