PICPA Boards and Blogs

By John D. Rossi III, CPA, CMA, CFM AICPA’s Private Companies Financial Task Force, in a report dated Feb. 28, 2005, called for accounting standards that focus on the information needs of private company constituents. This implies support for separate GAAP standards for private companies. In that vein, the Private Company Financial Reporting ...

By Craig D. Winters, CPA Many employee benefit plans have been adversely affected by recent difficulties. So, to boost returns and provide participants more investment choices, plan fiduciaries have been increasingly accepting assets with greater risk. Many of these investments are complex securities for which it is hard to obtain a good price. ...

By Jay J. Jacobs, CPA A long-awaited overhaul of accounting for business combinations and consolidations was recently completed by the Financial Accounting Standards Board (FASB). FASB issued a revised FAS 141, Business Combinations (FAS 141R) and the new FAS 160, Noncontrolling Interests in Consolidated Financial Statements, which is an ...

By Allison M. Henry The pace of accounting standards convergence is accelerating and is being driven primarily by an investment community that is rapidly embracing International Financial Reporting Standards (IFRS), as promulgated by the International Accounting Standards Board (IASB). At the same time, technological changes, as illustrated by ...