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Jeffrey L. Ferro has been named to the new position of president of Top 100 Firm ParenteBeard LLC.

Submissions for Accounting Today's July Accountant of the Month will close at the end of the day

KPMG LLP has allied with Axiom Software Laboratories to address new regulatory requirements facing investment advisors, including Form PF.

The Financial Accounting Standards Board and the International Accounting Standards Board said Wednesday they have agreed on an approach for accounting for lease expenses.

AICPA’s president and CEO Barry Melancon and chair Greg Anton offer an update on professional issues at annual conference

I bet the whole world that we could find exciting, interesting accountants

Public Company Accounting Oversight Board chairman James Doty discusses how firms can recruit new auditors even as new standards get finalized, in an interview with AccountingToday.com editor-in-chief Michael Cohn in the PCAOB offices in Washington, D.C.

The International Auditing and Assurance Standards Board has released a new standard to assure public confidence in reliable emissions reporting.

Rep. Sander Levin, D-Mich., said Wednesday that he plans to introduce a bill to provide tax breaks for small businesses that hire new employees or increase wages as a substitute for a bill being pushed by House Republicans to repeal the medical device tax in the health care law.

While the average reported salary of management accountants declined slightly last year, their average total compensation with bonuses increased, according to a new salary survey from the Institute of Management Accountants.

The Financial Accounting Standards Board intends to issue a discussion paper in the next few weeks to solicit feedback on the disclosure framework it has been preparing, followed by roundtable meetings and workshops later this year to talk with financial statement preparers and users.

A decade since the enactment of the Sarbanes-Oxley Act of 2002, the majority of executives and other professionals agree in a new survey that internal control over financial reporting structure in their organizations has significantly or moderately improved since compliance with the legislation became a requirement.

The Securities and Exchange Commission plans to remove the 2009 U.S. GAAP Taxonomy in July when it upgrades to the latest version of its EDGAR online system of financial filings.

Public Company Accounting Oversight Board chairman James Doty said Monday the board plans to issue a proposed standard on changes in the auditor’s reporting model in the third quarter, with other standards making progress this year as well.

Accounting firm Mayer Hoffman McCann has agreed to pay a $300,000 penalty to the California Board of Accountancy, plus investigation costs of up to $50,000, and be subject to two years’ probation, for its audits of the California city of Bell, where a number of officials have been accused of fraud and public corruption.

International Accounting Standards Board chairman Hans Hoogervorst said the IASB and the U.S. Financial Accounting Standards Board are making progress on an expected loss model for banking assets that will provide a more forward-looking model than the incurred loss model.

Deloitte has begun adjusting salaries to offset the income taxes paid by Deloitte professionals who provide coverage to their domestic partners—both same sex and opposite sex—on their medical or dental plans, effective June 3.

Final statements and certain other pronouncements issued by the Governmental Accounting Standards Board will now be available for downloading at no cost on the GASB Web site.