Economy

President and CEO Ken Bishop shares the latest news from the National Association of State Boards of Accountancy.

The American Institute of CPAs appears to be making progress on a Financial Reporting Framework for Small and Medium-sized Entities that it has been developing in the wake of the Financial Accounting Foundation’s decision to set up a Private Company Council, and plans to expose the framework by the end of the month.

The American Institute of CPAs has issued Technical Practice Aids with information to help insurance entities with their accounting.

The former head of the Polaris accounting association has started a new association of independent accounting, legal and consulting firms known as Abacus Worldwide.

Sir David Tweedie led the International Accounting Standards Board for a decade until the end of his second term in June of last year, and now he is getting set to make a similar impact on the valuation profession.

Senior finance executives are taking an increasingly dim view of the global economy amid growing concern about regional conditions, according to a new survey by the American Institute of CPAs and the Chartered Institute of Management Accountants.

Members of the CPA Consultants' Alliance, including Angie Grissom of the Rainmaker Companies, Jennifer Wilson of ConvergenceCoaching, Sarah Johnson of Inovatus Consulting and Sandra Wiley of Boomer Consulting, share their thoughts on the first combined AICPA PracTech Conference and AAM Summit.

The New York State Society of CPAs has asked Congress to consider new legislation that would temporarily waive tax penalties for taxpayers who are forced to make early withdrawals from retirement accounts due to financial hardship caused by the economic crisis.

The Association of Chartered Certified Accountants and the Institute of Management Accountants have released a study naming 100 factors that will create uncertainty for accountants in the future.

The Institute of Internal Auditors has announced that a set of revisions will be made to internal auditing standards, taking effect at the beginning of next year.

recent network memberships, awards, new Web sites and more

At the very tail end of August, I went to scenic Rosemont, Ill., to catch the annual Midwest Accounting Jamboree, one of the biggest trade shows on the calendar, and I thought I’d share a few observations.

Recent network memberships, awards, new Web sites and more

The American Institute of CPAs has sent a letter to members of the House Financial Services Committee supporting a bill aimed at narrowing the definition of “municipal advisor,” without weakening investor protections.

The American Institute of CPAs is teaming up with XBRL US to develop a certificate program focused on U.S. GAAP reporting in Extensible Business Reporting Language format.

Financial Executives International has begun scoring members of Congress on how well their votes match FEI’s legislative priorities.

The Institute of Chartered Accountants in England and Wales plans to develop guidance for auditors on providing assurance on interest rate benchmarks in the wake of the outcry over manipulation of the LIBOR, or London Inter-Bank Offered Rate, which cost the jobs of top executives at the British bank Barclays.

What makes a visionary? The question was broached obliquely several times throughout the American Institute of CPAs' 2nd annual E.D.G.E. Conference, held in mid-August in Orlando, Fla.