Accounting

The International Monetary Fund cut its 2014 growth outlook for the U.S. to 2.7%, down from 3% in April, after reversing its assumption that the government would repeal spending cuts enacted in March.… Read More

Technology has become all the rage for businesses, but it can expose them to serious risk. A technology columnist cites the example of Google Glass, which at its launch was already creating controvers… Read More

The Securities and Exchange Commission is employing a predictive accounting quality model they call "RoboCop" that incorporates eXtensible Business Reporting Language, or XBRL, to analyze filing data … Read More

German Chancellor Angela Merkel has indicated that she's sensitive to concerns about Europe's proposed tax on financial transactions, as she recommitted her government to the levy. She agreed the tax … Read More

The AICPA Governing Council has voted to adopt a resolution to make members of certain qualified accounting bodies outside the U.S. eligible to earn AICPA specialized credentials. The AICPA is initial… Read More

The Financial Accounting Standards Board and the International Accounting Standards Board are working on a proposed revenue-recognition standard as part of the effort to create uniform accounting stan… Read More

Over the past 30 years CPAs have expanded the planning advice they provide to individuals and families in connection with personal finances. As both the profession and regulatory landscape rapidly evo… Read More

A study by the French Finance Ministry has identified a loophole in transfer-pricing rules that allows multinationals to shift profit to tax havens with the help of intragroup transfers. The French go… Read More