Audit & Accounting

The American Institute of CPAs took the wraps off its redesigned Web site, AICPA.org, with new multimedia and social networking features.

FASB, IASB ISSUE PROGRESS REPORT ON CONVERGENCE

New York - A blue ribbon panel lookingto improve the accounting standards for private companies wants to find out why so many are not strictly complying with GAAP.

Check out the digital edition of the May 10-23, 2010 issue of Accounting Today by clicking here.

CaseWare IDEA has inked a deal with SymSure Limited to acquire SymSure’s intellectual property and other assets.

Nearly one-third of public companies have no plans to use Extensible Business Reporting Language technology for their financial filings, despite an SEC mandate requiring XBRL use by 2011.

Global business consulting and internal audit firmProtiviti Inc. released a new version of its Governance Portal for InternalAudit, adding a synchronization management engine that allows auditors to workeven when they are disconnected from the network.

New York - The International Auditing and AssuranceStandards Board has proposed a new assurance standard to address the process ofcompiling pro forma financial information included in prospectuses.

President Barack Obama has ordered the establishment of two interagency task forces on federal contracting opportunities for small businesses and for veterans small business development.