Financial reporting

Two top officials with the International Accounting Standards Board and its parent organization, the IFRS Foundation, gave speeches this week in which they expressed the hope that the Securities and Exchange Commission will ultimately sanction the use of International Financial Reporting Standards by U.S. companies.

At just 17 years of age, Belicia Cespedes of Canyon Country, CA has earned her CPA license, in addition to earning her bachelor's degree and completing two years of part-time work experience under a licensed CPA, according to The Santa Clarita Valley Signal.

Check out the digital edition of the November 2014 issue of Accounting Today.

Sageworks has struck a marketing partnership with the American Institute of CPAs, which will offer members of the AICPA’s Forensic & Valuation Services Section a discount on Sageworks Valuation Solution.

The American Institute of CPAs said Monday that it is working to secure a new .cpa domain extension on the Internet that could be used by CPAs as “a globally recognized calling card for CPAs in the digital world.”

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As record numbers of seasonal hires are expected this year in the U.S., fraud experts warn that the need to quickly add staff should not get in the way of properly screening employees.

The Sustainability Accounting Standards Board announced PwC will make a $1 million contribution and provide $1.4 million in pro bono services and loaned employee support.

The new chief accountant of the Securities and Exchange Commission told attendees at a conference Thursday that he hopes to make a recommendation in the next few months on whether the SEC should move toward switching U.S. companies to IFRS, according to The Wall Street Journal.

Olivia Kirtley has been elected president of the International Federation of Accountants, becoming the first woman and the first representative from business and industry to serve in the position.

On Wednesday, the Public Company Accounting Oversight Board announced the agenda for the Nov. 20-21, 2014, meeting of the Standing Advisory Group in Arlington, Va.

Thomson Reuters named the winners of its first-ever Customer Superstar Awards.

Two new members have joined the CPA Consultants’ Alliance: Gary Adamson and Bonnie Buol Ruszczyk.

Accountants are at risk of not keeping up with the new breed of more digital, demanding and design-conscious consumers, warned technology leader Jon Baron of Thomson Reuters.

The International Federation of Accountants has launched its annual survey of small and midsized accounting practices around the world to gain insights into the issues facing the global profession.

BDO USA’s recent addition of SS&G staff and partners, which bolstered its presence in the Midwest, came with a healthy serving of SS&G’s restaurant practice. “This deal is huge for us,” Wayne Berson, CEO of BDO USA, said during an interview with Accounting Today.

CPAs are expanding the range of specialties and advisory services they are offering clients, according to Carl Peterson, vice president of small firm interests at the American Institute of CPAs.

The accountants' broader role in society

The International Ethics Standards Board for Accountants has released a new paper proposing to restructure the code of ethics for accountants.