The Big Four accounting firms saw solid revenue growth last year following strong performance in 2010 and 2011 after a severe revenue decline in 2009, according to a newly published analysis.

Private company stakeholders have never been in a better position to have their concerns addressed in the standard-setting process, according to Billy Atkinson, the chair of the new Private Company Council: “We have the wind in our sails.”

For accounting professionals and consultants alike, the past year has been filled with talk of the cloud, mobile and compliance and I daresay we're in for more of the same, but with a few additions to our regular vocabulary.

Audit committees are confronting another challenging year, with continued economic uncertainty, globalization, digitization, and increased government regulation and enforcement reshaping the business and risk environment, according to a report from KPMG.

The need to cut the federal budget deficit should be the government’s top economic priority, according to a survey of CPAs.

The Governmental Accounting Standards Board has approved a new standard intended to improve accounting and financial reporting for state and local governments’ combinations and disposals of government operations.

The U.S. Small Business Administration highlighted some of the main tax incentives for small businesses that were extended as part of last week’s fiscal cliff legislation.

The Financial Accounting Standards Board has issued a proposed clarification to a fair value disclosure exemption affecting private companies and nonpublic not-for-profit organizations.

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

An executive summary of our monthly ACI for January 2013

Office relocation, fiscal cliff tax briefing and Hurricane Sandy relief efforts…

Commerce, billing and compensation product maker MetraTech Corp. has partnered with platform-as-a-service accounting product provider VerticaLive to enable customer enrollment, billing and payment management for ISVs and application developers using the VerticaLive Business Framework and for VerticaLive's new SMB-focused cloud accounting product.

Sikich LLP has merged with Achieve Consulting, a supply chain consulting firm based in Warrenville, Ill.

Top 100 Firm, Kahn, Litwin, Renza & Co. Ltd., has agreed to merge with Fay & Associates.

Top 100 Firm, CliftonLarsonAllen LLP has merged with the Racine, Wis.-based CPA firm Jenkins & Vojtisek SC.

Global tax services firm Ryan LLC has acquired the Property Tax Services business from Thomson Reuters for an undisclosed amount.

CBIZ, Inc. has acquired “certain” assets of Diversified Industries, Inc. for an undisclosed amount.

Brad Lusk has been named as the new managing partner at Sisterson & Co. LLP. He succeeds William Troup, who has served as managing partner since 1997.

We have come to realize that it's long past time to question using LIFO to allocate costs first to the cost of goods sold and then inventory.

Regional Leader BeachFleischman PC and Phoenix-based CPA firm Taylor, Duffy & Associates PC have merged, effective January 1.