The International Organization of Securities Commissions and the IFRS Foundation said Wednesday that they have agreed on a set of protocols under which the two organizations will deepen their cooperation to develop International Financial Reporting Standards and apply it consistently across the globe.

The United Kingdom’s Financial Reporting Council has launched an investigation into whether PricewaterhouseCoopers’ U.K. firm was independent when it conducted an audit of a company on which one of its former partners later joined the board.

The Financial Accounting Standards Advisory Council, the main advisory group for the Financial Accounting Standards Board, has released the results of a recent survey soliciting views about FASB’s future agenda, revealing pent-up demand for addressing issues such as financial disclosures, hedging and simplification of FASB’s Codification of U.S. GAAP.

Accounting Today has chosen its list of the Best Firms to Work For in 2013.

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Financial Accounting Standards Board chairman Russell Golden marked FASB’s 40th anniversary in his first major speech since taking over the chairmanship in July, outlining the changes he plans for the standard-setting board.

The prospects for Chinese companies going public on the U.S. stock markets via reverse mergers appear to improving, despite the worries about accounting fraud that derailed several Chinese stocks in recent years.

The Financial Accounting Standards Board voted Wednesday to issue an exposure draft with proposals to improve financial reporting about public and private development-stage entities., easing the requirements for revenue recognition and measurement and other areas

Computer system developer System76 Inc. has launched BeansBooks, a new cloud accounting platform designed for small businesses which focuses on clean interfaces, practical processes and concise reports.

Accounting firms need to offer their clients more higher-level advisory services, according to technology consultant Gary Boomer.

The struggle to attract and retain talent, and interest in leveraging the cloud, are among the most important trends that accounting firms need to adapt to, according to Boomer Consulting’s Jim Boomer and Sandra Wiley.

Check out the digital edition of the September 2013 issue of Accounting Today.

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The Supreme Court’s recent DOMA decision raised a number of questions regarding its tax implications.

The American Institute of CPAs is asking Congress to provide the Internal Revenue Service with “sufficient” funds to perform its duties.

The Financial Accounting Standards Board announced that registration for a field study on disclosures in notes to financial statements will close Sept. 30, 2013.

With the comment deadline approaching for the latest draft of the lease accounting proposals from the Financial Accounting Standards Board and the International Accounting Standards Board, more groups are weighing in with criticism.

As part of our Top 100 Most Influential People in Accounting report, we asked the candidates: "What is the most important issue currently facing the accounting profession?" Here are their answers.

The 2013 Killer VARs are helping to define the future of the profession

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