GAAP is dead. Long live IFRS. SEC Proposes Roadmap Toward Global Accounting Standards to Help Investors Compare Financial Information More Easily Play video Washington, D.C., Aug. 27, 2008 (SEC) — The Securities and Exchange Commission today voted to publish for … Continued
We’ve been asking, you’ve been answering. CPA Careers: The Outlook for Hiring Trends and New Job Opportunities — Join the survey; get the results. One of the questions is: In your own words, how do you REALLY feel about business … Continued
For comps and reviews, maybe.
Who really needs or wants an “independent” accountant, anyway?
Leading accounting firms are pushing a revamp of the rules for compilations and reviews that would drop the traditional ‘independence’ requirement and replace it, instead, with a new standard aimed at reliability. The idea has been cooking for a couple years, but it’s only now starting to get some buzz in the profession.
The AICPA’s powerful Accounting and Review Services Committee is now looking at the idea, pushed there by an ad hoc Reliability Task Force of the AICPA PCPS executive committee.
While many finance chiefs complain about the shortage of talent, some are filling the gap by hiring foreign nationals. CFO magazine reports Alliant Credit Union has hired four in four years and Pitney Bowes has 16 foreign nationals on the … Continued
SEC Announces Successor to EDGAR Database – “IDEA” Will Make Company and Fund Information Interactive.
Washington (SEC) – Securities and Exchange Commission Chairman Christopher Cox unveiled the successor to the agency’s 1980s-era EDGAR database, which will give investors far faster and easier access to key financial information about public companies and mutual funds.
The new system is called IDEA, short for Interactive Data Electronic Applications. Based on a completely new architecture being built from the ground up, it will at first supplement and then eventually replace the EDGAR system. READ MORE →