Audit & Accounting

In preparation for the eventual transition to International Financial Reporting Standards, Big Four firm PricewaterhouseCoopers has launched a suite of educational products and services to help accounting students learn IFRS fundamentals.

The Securities and Exchange Commission’s Advisory Committee on Improvements to Financial Reporting released a draft of its final report.

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

Accounting firm Weaver and Tidwell reported that its net revenues for the 2008 fiscal year ending May 31 reached $51 million, a 28 percent increase over the previous fiscal year.

Accounting firm Reznick Group has partnered with Palladium Pacific on a service to provide help to real estate lenders, investors, builders and developers with their troubled real estate assets.

BDO Seidman has admitted 18 new partners to the firm, effective July 1.

Looking for strong leads to grow your financial planning practice? Try scouring your tax clients.It may seem obvious, but internal marketing within your tax base is the best way to beef up your wealth management clientele, and is often a welcome service offering that can lead to referrals.

In a high-profile consolidation in the not-for-profit software arena, NFP vendor Blackbaud struck a deal to acquire struggling rival Kintera for roughly $46 million in cash, or $1.12 per share.The deal, which Blackbaud plans to finance with cash and its credit facility, was expected to close July 2.

CFOS LACK EXPERIENCE WITH IFRSChicago — Nearly 75 percent of CFOs and senior comptrollers have no experience using International Financial Reporting Standards, while 55 percent are unfamiliar with the Extensible Business Reporting Language, according to a new survey by Grant Thornton.

TOO MANY RAID NEST EGGSRoughly one quarter of adults who are actively planning for their retirement have prematurely withdrawn from their retirement investment products, according to a Wall Street Journal Online/Harris Interactive Personal Finance Poll that surveyed those in the 45-54 age bracket. According to the survey, the most common reasons for such premature withdrawals are a family member losing a job and the cost of a downpayment on a home. However, nearly one third of those who withdrew funds cannot pay them back, and 45 percent either cannot pay back the funds or have not begun to do so.