Audit & Accounting

The Public Company Accounting Oversight Board approved a 2014 budget of $258.4 million, and a 2013-2017 strategic plan that includes a greater focus on accounting firms' burgeoning consulting practices.

Miller & Bahnson reprise a column on the redefinition of comparability

The Financial Accounting Foundation has appointed investor and asset manager Ann Spruill to its Board of Trustees, effective Jan. 1, 2014.

A student team from the University of Portland was named champions of the American Institute of CPAs’ 2013 Accounting Competition, winning the $10,000 award to be split among them.

Full-service Minnesota financial firm Apple Valley Accounting & Tax has acquired Gilbertson CPA, with office locations in New Prague and Burnsville.

Office relocations, record high revenues and more...

The Financial Accounting Standards Board and the Private Company Council have issued the final version of their Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies to help FASB and the PCC determine whether and when to provide alternative recognition, measurement, disclosure, display, effective date or transition guidance for private companies reporting under U.S. GAAP.

The Securities and Exchange Commission has voted to propose rules aimed at increasing access to capital for smaller companies.

The accounting profession's expectations for economic growth remained positive for the third month in a row, according to the December edition of the Accounting Today’s monthly Accountants Confidence Index.

Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders, and is looking for more top-notch accounting firms to consider.