Young accountants entering the profession and small firms may both be missing a huge opportunity, according to leading consultant Darren Root.

Accounting Today is now accepting submissions for its annual Managing Partner Elite list of top firm leaders.

Registration for CCH's User Conference 2014 is filling up fast; industry studies by BDO and the AICPA are out, office closures and relocations...

The International Accounting Standards Board has released a new document describing some of its most recent tentative decisions from the first half of the year on the standards for lease accounting, including what appears to be an about-face on how leases should be categorized, opening up a new gulf between it and the Financial Accounting Standards Board.

Hans Hoogervorst, chairman of the International Accounting Standards Board, reportedly told an audience in Singapore last week that full convergence is no longer an achievable project.

In addition to overseeing the daily operation of their business, small business owners rely on accountants to provide guidance on how to comply with changing rules, regulations and laws on the state and federal level.

XBRL US, a nonprofit organization that helps develop Extensible Business Reporting Language data tags in the U.S., is offering free data quality tools to help companies improve their XBRL financial filings with the Securities and Exchange Commission and avoid "Dear CFO" letters.

'For the benefit of' or 'to the benefit of' -- what's the difference?

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

Delivering services that clients will really appreciate

A roundup of recent news from around the profession

Associations and alliances are expanding the conversations they offer firm members

Here's a fascinating fact: No one knows how many CPAs there are

It's time for us to start doing better for one another

LAWS AND LAWSUITS

A roundup of recent audit & attest news

A number of groups testified or submitted statements recently at a hearing of the House Committee on Small Business Subcommittee on Economic Growth, Tax and Capital Access titled “Cash Accounting: a Simpler Method for Small Firms?”

The Securities and Exchange Commission announced charges against the CEO and former CFO of a Florida-based computer equipment company for misrepresenting to external auditors and the investing public the state of its internal controls over financial reporting.

A bill requiring government agencies to disclose how much companies would be able to claim in tax credits and other benefits when they reach settlements with enforcement agencies has passed a key committee.

PrimeGlobal and HLB International add to their network and more…