Audit & Accounting

Red Wing Software Inc. has released of an Assemblies Module to its CenterPoint Accounting Software series, which will give users the ability to manage a production plan and build assemblies.

BDO USA took the top spot in the league tables for large-firm gains of Securities and Exchange Commission audit clients in the second quarter of 2013. The Chicago-based firm, which ranks No. 8 on Accounting Today’s Top 100 Firms list, added a net nine new firms, far ahead of most other firms for the period.

Russell Golden, the newly appointed chairman of the Financial Accounting Standards Board, will be overseeing a board that will be dealing with a new uncertain environment in which it will be only one of a number of standard-setters from around the world working together in a more multilateral way to decide on future standards for the profession to follow.

David A. Vaudt, the new chairman of the Governmental Accounting Standards Board, plans to closely monitor the impact of GASB’s new pension accounting standards on the finances of state and local governments.

Firms awards scholarships, PwC opens a new office and more…

The Financial Accounting Standards Board and the International Accounting Standards Board said Friday they plan to create a joint group to help companies and their accountants make the transition to the upcoming final converged standard on revenue recognition.

Searer Business Technology (SBT) has released Executive Series Version 6.3 accounting software, which includes 300 enhancements and features across all major modules.

The International Auditing and Assurance Standards Board has released proposals aimed at fundamental transformation of the structure of the future auditor’s report with the goal of communicating better to users such as investors and financial analysts.

The American Institute of CPAs has issued an exposure draft resulting from AICPA’s Attestation Clarity Project in an effort to clarify the professional standards it uses for attestation engagements.

Gaylen Hansen, chairman of the National Association of State Boards of Accountancy, discusses the recent controversy over accounting standards for private companies, NASBA's disagreement with the American Institute of CPAs, and their ongoing relationship, in an interview with Accounting Today editor-in-chief Daniel Hood.