The Financial Accounting Standards Board has issued rules to help nonprofit organizations properly account for mergers and acquisitions involving other not-for-profits.

Americans today are being forced to review their retirement planning goals with greater scrutiny. No one knows that more than Robert Fishbein, vice president and corporate counsel with Prudential Financial, Inc. He has now offered tips on how to get through this economic turmoil.

The Internal Revenue Service commemorated Small Business Week this week by calling attention to some recently enacted tax breaks for small businesses.

Three out of four audit committee members say they have increased their hands-on involvement with management, and are reassessing risk management and oversight as a result of the economic crisis, according to a new survey.

Employment search provider Monster Worldwide agreed to pay the SEC $2.5 million in penalties to settle stock option backdating charges.

XBRL US has published the 2009 edition of the interactive data tags that the Securities and Exchange Commission will accept for coding financial statements in accordance with U.S. generally accepted accounting principles.

Over the last several years, a substantial number of highly complex professional auditing and accounting standards have been issued by numerous standard-setters.

Ten years ago, the Dow Jones Sustainability Index began to track the financial performance of leading sustainability-driven companies around the world.

BRITISH ACCOUNTANTS URGE SEC TO ADOPT IFRS

Over a third of U.S. CPAs said they want to become more familiar with international accounting standards, but most of them don’t know how much the standards will cost their companies to implement.

Five trade groups representing banks, financial service firms and insurance companies sent a joint letter to Congress registering continued displeasure with fair value and mark-to-market accounting and impairment rules, despite recent changes.

BDO Seidman memorialized the passing of former managing partner and FDIC Chairman L. William “Bill” Seidman, a member of the firm’s founding family.

NYSE Euronext CEO Duncan Niederauer thinks accounting firms are charging small companies too much to comply with Sarbanes-Oxley requirements and suggested the SEC may pressure the firms to reduce their fees.

A report by Fitch Ratings calls into question the cost-effectiveness of the improvements in financial statement presentation proposed by FASB and its international counterpart.

The International Public Sector Accounting Standards Board wants to know more about how government accountants in developing countries are using cash-basis reporting.

New accounting standards effective at the beginning of 2009 will impact the accounting for mergers and acquisitions.

Grant Thornton has sent a letter to federal officials proposing that banking regulators adjust capitalization requirements to take into account the broader economic environment.

The International Public Sector Accounting Standards Board has proposed new guidance to deal with the wave of government takeovers of private businesses.

Two thirds of the 500 largest public companies are prepared to begin using interactive data-tagging technology to file their financial statements, according to a new survey.

Norwalk, Conn. - Governments have always found it difficult to properly report fund balances when the uses of various fund amounts were restricted in a number of ways. A dollar that couldn't be spent did not combine well with a dollar that could only be spent for a specific purpose, or a general fund dollar that could be spent without constraint.