Robert Herz, the former chairman of the Financial Accounting Standards Board, discusses his new book, "Accounting Changes," including the lessons learned from the financial crisis, the reasons behind his sudden retirement from FASB, the many roles he has been filling since he left FASB, along his accomplishments (and a few regrets) from his time at FASB.

The American Institute of CPAs has introduced a new certificate program for accounting firms expanding their financial forensics practice.

The Public Company Accounting Oversight Board released a report Tuesday on its 2012 inspection of Deloitte & Touche LLP, indicating that it found problems in 12 of the 51 audits performed by the firm that it inspected and in one other audit in which the firm was involved.

Former Financial Accounting Standards Board chairman Robert Herz discusses his new book, "Accounting Changes," along with where he sees FASB and the IASB's convergence effort going, his experience at Coopers & Lybrand with structuring transactions, and how "Bad Bob" went from being a "poacher" to a "gamekeeper" to a standard-setter.

Scholarships, office relocations and more...

Don't worry if you haven't been paying much attention to news in our space this week, there really wasn't much beyond Intuit finally making(or appearing to make) plans to reach more global customers and is reorganizing to do so.

The Public Company Accounting Oversight Board said Friday that it has entered into a memorandum of understanding on enforcement cooperation with the China Securities Regulatory Commission and the Ministry of Finance, in a breakthrough on a long-running priority for the PCAOB that also stops short of inspections.

The Public Company Accounting Oversight Board has made public previously confidential quality control criticisms from its 2009 inspection of Ernst & Young LLP after finding that the firm failed to address them to the board’s satisfaction.

A post-implementation review of the Financial Accounting Standards Board’s business combinations standard found lingering questions in the minds of some investors, particularly about fair value, despite improvements in the usefulness of the information.

Serenic Corp. has released Serenic Navigator 2013, which applies recent updates from Microsoft Dynamics NAV 2013 technology and functionality.

Intuit Inc. is reorganizing several of its executive staff around what it deems to be its global connected services strategy, mainly focused around serving U.S. and Canadian tax needs as well as expanding product offerings to small businesses around the world.

Significant differences remain between U.S. GAAP and International Financial Reporting Standards, but cooperation and progress continues on some remaining joint projects, according to a new report from Fitch Ratings.

The Securities and Exchange Commission has adopted that latest update to the U.S. GAAP Financial Reporting Taxonomy for filing financial statements using Extensible Business Reporting Language, or XBRL.

In a report to the Spring Meeting of its Governing Council, the American Institute of CPAs gave a review of its 2013 forecast and its proposed 2014 budget that indicated that the institute was in healthy financial condition.

In a wide-ranging keynote address at the Spring Meeting of the Governing Council of the American Institute of CPAs, president and CEO Barry Melancon described an accounting profession in the midst of a variety of transformations.

In a vote at its Spring Meeting, the Governing Council of the American Institute of CPAs authorized the board to offer the institute’s credentials overseas.

The American Institute of CPAs voted to allow changes in the definition of “attest” during its Spring Meeting of Council on Sunday in an effort to fend off competition from non-CPA firms and unlicensed CPAs who offer attest services using AICPA standards.

Fraud fighters today face many of the same challenges as they did at the start of the last century, a leading investigator told accountants, academics and attorneys at the Fraud & Forensic Accounting Education Conference May 16 in Atlanta.

Best places to work for recent graduates, office relocations and more...

The Tax & Accounting business of Thomson Reuters launched its sixth annual series of Partner Summits this week with a two-day event in Houston.