Financial reporting

The International Federation of Accountants has released for comment a proposed strategy for projects it plans over the next four years to address the needs of accountants who work within companies or as advisors to businesses.

Judith Frederiksen has been hired to serve as vice president and controller at CAMICO.

The IRS is now sending letters to preparers who are suspected of filing inaccurate EITC claims.

On the first morning of its annual User Conference, being held now in San Diego, tax and accounting solution and research provider CCH, a Wolters Kluwer business, emphasized the importance of mobility to modern accountants.

Cloud and mobile top the list of emerging technologies transforming the tax and accounting profession, according to the 2012 CCH Technology Survey, an independent nationwide survey of more than 400 accounting professionals.

KPMG LLP has elected P. Scott Ozanus to serve as deputy chairman and chief operating officer of the audit, tax and advisory firm. Ozanus succeeds Henry Keizer, who will retire at the end of 2012.

The Financial Accounting Standards Board is giving more time to people to comment on its proposals for clarifying financial statement disclosures as a result of Hurricane Sandy.

Accountants can -- and should -- help their clients prepare for disaster.

Federal, state and local authorities have issued various forms of tax relief for those affected by Hurricane Sandy last week.

The board of directors of the CFP Board of Standards announced the immediate resignations of its chairman Alan Goldfarb and two members of the Disciplinary and Ethics Commission.

Top 100 Firm The Bonadio Group has agreed to add Richard Zweifel and his team to its central N.Y. roster.

CHINA

In response to the disruptions caused by Hurricane Sandy, the Financial Accounting Standards Board is extending the deadline for comment on a staff paper that outlines an approach for deciding whether and when to modify U.S. GAAP for private companies.

As of 2 p.m. Thursday afternoon, the Web site and e-mail of the New Jersey Society of CPAs were up and running, and the society had begun posting professional updates on its home page.

The American Institute of CPAs has released an exposure draft of its proposed Financial Reporting Framework for Small- and Medium-Sized Entities for comment.

Accounting Today's updated round-up of Hurricane Sandy news, as its aftermath continues to impact the profession. For more updates, follow the #Sandy hashtag on our Twitter accounts @AccountingToday, @TaxProToday and @ATomorrow.

Hancock Askew & Co. LLP has agreed to merge with Stein Accounting CPA. Once the merger is complete Hancock will have 65 employees, which includes eight partners and two principals.

Though Laura Wood leads a busy life as an Enrolled Agent and co-founder, with her husband, of Florida-based National Accounting and Management Services, our newest Accountant of the Month doesn't forget to stop and smell the roses.

The JOBS Act may usher in a new golden age of accounting fraud

"The Millennial Generation will entirely recast the image of youth from downbeat and alienated to upbeat and engaged -- with potentially seismic consequences for America."