Audit & Accounting

The Governmental Accounting Standards Board has introduced an online version of its Governmental Accounting Research System, GARS Online, providing online access to accounting standards and related literature for state and local governments.

Fitch Ratings is warning that approval of a Financial Accounting Standards Board proposal on the treatment of credit losses for loans and other financial assets could eventually force U.S. banks to book expected losses early, putting pressure on their reserve levels and reported earnings.

The International Accounting Education Standards Board has issued a set of revised standards for the initial professional development of accountants emphasizing that practical experience plays a key role in developing the competence of fledgling accountants.

In the past four years, the quantity of financial restatements from SEC public registrants has leveled off and their severity has remained low, according to a new report by the research firm Audit Analytics, but restatements have increased from accelerated filers for the third straight year.

Editor-in-chief Dan Hood gives an executive summary of our 2013 Top 100 Firms & Regional Leaders report.

Accounting Today has released its Top 100 Firms and Regional Leaders report for 2013, ranking the largest firms in the U.S. and in regions across the country.

The Financial Accounting Foundation has released an updated print edition of the Financial Accounting Standards Board’s Accounting Standards Codification, and appointed some new members to its advisory committees.

The Group of 20 finance ministers, along with the European Commission, are calling for improved accounting standards in the public sector.

Tax bills, tools and tweaks to products and programs topped this week's tech news, which by the way is now coming to you twice per week.

Check out the digital edition of the March 2013 issue of Accounting Today.