The Public Company Accounting Oversight Board approved a 2014 budget of $258.4 million, and a 2013-2017 strategic plan that includes a greater focus on accounting firms' burgeoning consulting practices.

Miller & Bahnson reprise a column on the redefinition of comparability

The Financial Accounting Foundation has appointed investor and asset manager Ann Spruill to its Board of Trustees, effective Jan. 1, 2014.

A student team from the University of Portland was named champions of the American Institute of CPAs’ 2013 Accounting Competition, winning the $10,000 award to be split among them.

Full-service Minnesota financial firm Apple Valley Accounting & Tax has acquired Gilbertson CPA, with office locations in New Prague and Burnsville.

Office relocations, record high revenues and more...

The Financial Accounting Standards Board and the Private Company Council have issued the final version of their Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies to help FASB and the PCC determine whether and when to provide alternative recognition, measurement, disclosure, display, effective date or transition guidance for private companies reporting under U.S. GAAP.

The Securities and Exchange Commission has voted to propose rules aimed at increasing access to capital for smaller companies.

The accounting profession's expectations for economic growth remained positive for the third month in a row, according to the December edition of the Accounting Today’s monthly Accountants Confidence Index.

Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders, and is looking for more top-notch accounting firms to consider.

The Securities and Exchange Commission issued a staff report Friday to Congress on its disclosure rules for U.S. public companies, as part of the SEC’s efforts to modernize the disclosure requirements and reduce compliance costs for emerging growth companies.

The New York State Society of CPAs celebrated its new headquarters in Downtown Manhattan this week, with an open house and an official ribbon-cutting.

U.S. banking industry groups are pressing regulators to clarify accounting for certain securities under the Volcker Rule after lenders complained the Dodd-Frank Act measure may force them to take writedowns.

RoseRyan Holiday cocktails, relocations and more...

The Financial Accounting Standards Board has released the 2014 U.S. GAAP Financial Reporting Taxonomy.

Chattanooga-based Top 100 Firm Decosimo has merged with Larry Hyatt & Associates boosting its state and local tax expertise.

Small business accounting software maker Acclivity has released AccountEdge 2014, its premium product with new departmental accounting, cloud, improved jobs reporting and rerun integration features.

The International Ethics Standards Board for Accountants released for public consultation Tuesday a proposed strategy and work plan for the next five years.

The European Commission reached a provisional agreement Tuesday with the European Parliament and the member states of the European Union on reforming the audit firm market in Europe, requiring public companies in the E.U. to rotate their auditing firms every 10 to 24 years, avoid non-audit services for the same clients, and prohibit Big Four-only clauses.

Accounting educator, author and commentator Abraham J. Briloff died last week at the age of 96.