International accounting

While the major international accounting firms no longer do business in Iran, the country’s own accounting firms have been faring well, according to a new report.

Compensation for management accounting and finance professionals rose by an average of 7.1 percent last year, according to a new survey, but some specialties received raises while others saw their salaries remain stagnant.

The Financial Accounting Standards Board and the International Accounting Standards Board are considering some changes to their converged revenue recognition standard that could lead to divergence after hearing feedback from the Joint Transition Resource Group that is examining implementation issues.

An organization of Irish accountants has signed an agreement with a Russian accounting organization, to provide education, training, examination, an online certificate in financial reporting and an array of other areas.

Noble Group Ltd. denied inflating the balance-sheet value of contracts as Asia’s biggest commodities trading house published a rebuttal against allegations by Iceberg Research, an anonymous group that’s questioned the company’s accounting methods. Noble’s shares rose.