Paul Atkins, President Donald Trump’s pick to lead the Securities and Exchange Commission, faced an early political test over his strong ties to Wall Street and digital-asset firms. At his nomination hearing Thursday, the former Republican SEC commissioner and founder of consulting firm Patomak Global Partners met with stiff opposition
The CFA Institute released a paper Wednesday urging the Financial Accounting Standards Board and the International Accounting Standards Board to require more detailed disclosures of intangible assets before companies can recognize them on the balance sheet. The paper from the financial analyst group pointed out that, in terms of GDP,
The Securities and Exchange Commission’s new EDGAR — Electronic Data Gathering, Analysis, and Retrieval — system will go live on March 24. Once live, filers can begin enrolling in “EDGAR Next” by submitting an amended Form ID, the application used to obtain EDGAR access credentials. The SEC provided guidance and
The American Institute of CPAs and the National Association of State Boards of Accountancy are asking for comments on their proposal for an additional pathway to CPA licensure through changes in the Uniform Accountancy Act model legislation used in states. The AICPA and NASBA proposed the alternative pathway to CPA
Former AICPA president and CEO Barry Melancon is joining Baker Tilly U.S. as an advisor Baker Tilly International as a non-executive director and chair-elect, effective Jan. 29. “The accounting profession is at a pivotal moment, and Baker Tilly is positioned to help shape its future in meaningful ways,” Melancon said
The Florida Institute of CPAs gathered over 100 CPAs on an annual CPA Day visit to the state capital in Tallahassee to promote the importance of the CPA profession in the Sunshine State and advocate for 2025 legislative priorities, including more flexibility in obtaining a CPA license. This year, the
The global economy is poised for “reasonable, but not particularly exciting” growth this year, yet uncertainties abound, according to a new report from the Association of Chartered Certified Accountants. The report, released Thursday, is the second edition of the ACCA’s annual economic outlook. “The global economy should continue to grow
How do we expect more people to join the accounting profession if we don’t brand it properly? At its core, this is the root of the pipeline crisis. There are already more than enough pieces of thought leadership and industry voices mentioning something related to the pipeline in every conversation;
Tesla Inc.’s holdings of Bitcoin gave its latest quarterly results a boost, courtesy of new accounting rules for digital assets. Its net income got a $600 million mark-to-market benefit from the digital tokens due to the adoption of the accounting approach, Chief Financial Officer Vaibhav Taneja said on Tesla’s earnings
The Financial Accounting Standards Board released a proposed accounting standards update containing a set of targeted improvements to the FASB Accounting Standards Codification. The amendments in the proposed ASU involve incremental changes to the codification and would affect a wide range of topics. They would apply to all reporting entities