The International Accounting Standards Board has issued the final element of its own long-awaited financial instruments accounting standard after failing to reach a consensus with the U.S. Financial Accounting Standards Board on key elements related to credit losses and loan impairments.

Financial restatements declined substantially in the decade after the passage of the Sarbanes-Oxley Act of 2002, according to a new academic study.

On the same day that the Securities and Exchange Commission issued long-awaited rules for money market mutual funds, the Internal Revenue Service has issued its own rules for money market funds and wash sales.

The International Accounting Education Standards Board has begun a new project to improve the relevancy, clarity and consistency of its standards along with their applicability to members and associates of the International Federation of Accountants.

Accounting Today and Accountingfly have announced Advance 2014: The Accounting Career Summit, a week-long event featuring a series of high-profile webinars on recruitment, retention and the accounting job market, culminating in an online job fair.

An Indianapolis CPA firm has settled a lawsuit with Indiana’s Secretary of State for $1.8 million after it served as the accounting firm of a convicted Ponzi schemer.

The Public Company Accounting Oversight Board has entered into a cooperative arrangement with the Danish Business Authority for the oversight of audit firms in both regulators’ jurisdictions.

ACG New York taps CBIZ as accounting firm of the year, a new firm emerges in Jamaica and more…

Lawmakers who are part of a group of current and former CPAs and accountants in Congress are expressing concern about the possibility of the Securities and Exchange Commission allowing U.S. companies a choice of using either U.S. GAAP or International Financial Reporting Standards.

The Financial Accounting Standards Board voted Wednesday to finalize an accounting and financial reporting standard aimed at increasing transparency and consistency of financial reporting about consolidation.

The Financial Accounting Standards Board has proposed a pair of Accounting Standards Updates aimed at simplifying the process of inventory measurement and eliminating the requirements for extraordinary items.

After rebounding sharply in June from months of decline, the Accountants Confidence Index split into two directions this month, with the short-term and mid-term readings heading apart, though both remain positive.

Ernst & Young has agreed to pay $4 million to settle charges brought by the Securities and Exchange Commission accusing the firm of violating auditor independence rules by lobbying congressional staff on behalf of two auditing clients.

UNC to offer its master of accounting program online , AWSCPA taps Clark Nuber among the best firms for women, and more …

A roundup of accounting firm mergers and acquisitions

The majority of attendees at a roundtable discussion Thursday in Washington, D.C., on enhancing the ethics standards for accountants favored changes by the International Ethics Standards Board of Accountants to permit reporting of illegal acts.

The American Institute of CPAs is offering a new, free newsletter called Inclusion Solutions.

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.