An executive summary of our February ACI.

The U.S. regulator that oversees corporate audits could face automatic spending cuts designed to reduce the federal budget deficit even though it receives no taxpayer funding.

The Private Company Council that will help set accounting standards for privately held businesses has decided to tackle three main projects for its agenda.

Top 100 Firm Marcum LLP and its affiliate, Marcum Bernstein Pinchuk LLP, had the most net new Securities and Exchange Commission audit clients in the fourth quarter of 2012 among large firms, with a total of six.

The National Association of State Boards of Accountancy is calling for proposals for its Accounting Education Research Grants Program.

The Financial Accounting Standards Board made available the first in a series of implementation guides Monday to help users of its U.S. GAAP Financial Reporting Taxonomy understand how disclosures are structured with Extensible Business Reporting Language, or XBRL, technology.

Public Company Accounting Oversight Board member Jeanette Franzel said the ability to inspect auditing firms in China remained one of the PCAOB’s greatest challenges, but the PCAOB is making progress on negotiating a memorandum of understanding with the Chinese government.

The Indiana CPA Society has released a white paper on the topic of integrated reporting.

American Institute of CPAs VP Mark Koziel discusses trends from the most recent MAP Survey, including results on partner compensation, billing rates and the profession's emergence from recession.

The International Organization of Securities Commissions (IOSCO) has published a consultation report offering recommendations regarding the protection of client assets, to help regulators improve the supervision of intermediaries holding client assets in the aftermath of scandals at MF Global and Peregrine Financial Group.

A couple of real accounting changes occurred, but world accounting convergence got derailed.

Baker Tilly International's revenue update, FASB updates, network memberships and more...

The Financial Accounting Standards Board has issued an updated financial instruments standard clarifying how some fair value requirements do not apply to private companies and not-for-profit organizations.

The International Accounting Standards Board and the International Integrated Reporting Council have signed an agreement to develop an integrated corporate reporting framework that includes financial, governance, management commentary and sustainability reporting.

The Financial Accounting Standards Board has released an updated accounting standard for reporting amounts reclassified out of accumulated other comprehensive income.

Candidates in Utah and Missouri had the highest average pass rates on the CPA Exam in 2012, according to the National Association of State Boards of Accountancy.

The Financial Accounting Foundation plans to conduct a post-implementation review of the standard governing accounting for income taxes to gauge how well it has performed.

The chief executives and CFOs of companies accused of backdating stock options for their top executives were likely to lose their jobs and have trouble finding another one, according to a new study.

The Public Company Accounting Oversight Board has signed a cooperative agreement with Finland’s audit regulator, allowing officials from the U.S. and Finland to conduct joint inspections of auditing firms and share information about them.