The Securities and Exchange Commission has begun sending letters to public companies that fail to file their financials with all the necessary data using Extensible Business Reporting Language technology.

A subcommittee of the House of Representatives’ Committee on Small Business held a hearing today to discuss the value of using the cash basis of accounting in small businesses, and whether they should be required to use the accrual basis.

The Institute of Management Accountants and the American Accounting Association’s Management Accounting Section have released a new framework intended to broaden the scope of accounting education.

Wholesale adoption in the U.S. of International Financial Reporting Standards seems unlikely to occur in the near future as the Financial Accounting Standards Board and the International Accounting Standards Board continue to move away from full convergence of their standards, according to a Fitch Ratings report.

The Institute of Cost Accountants of India recently celebrated the first anniversary of the founding of the American Center of Cost Accountants of India.

JPMorgan Chase & Co. and Danske Bank A/S funds are among investors exposed to Let’s Gowex SA, the Spanish Internet startup that’s filing for insolvency after saying it falsified accounts for at least four years.

The International Federation of Accountants and the Chartered Institute of Public Finance and Accountancy have developed a new International Framework for Good Governance in the Public Sector to encourage more effective public sector governance.

Water industry outlook, board of director announcements and more…

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

POOP: It's time to bring GAAP into the 21st century

A roundup of recent audit and assurance-related news.

Having more 'chiefs' isn't always a bad thing

What to do with partners who won't change

A roundup of recent accounting firm mergers & acquisitions.

Quarterbacking your clients' advisory team

Or, why your firm should move from scorekeeper to coach

Companies will have assistance to comply with new policies.

Be careful where you and your clients consolidate financial statements

The two youngest generations find common ground.

Technology requires more work than most of us are prepared for