FASB and the International Accounting Standards Board are retooling financial statements—information the capital markets rely on to understand a business’s financial strength and potential future cash flow. The convergence project is changing what is included in financial statements and how those figures are presented. Take an early look at the recommendations.

As technology-driven companies contribute innovations that become increasingly interwoven with the economy, CPAs, other valuation specialists and company management will be called upon to value technology for financial reporting, legal and tax purposes.

Take a look at four firms that are defying traditional firm management styles by using new business models that recognize the realities of the Intellectual Capital economy, while treating CPAs like the knowledge workers they are.

New IRS regulations respond to the inconsistent depreciation treatment by taxpayers of property involved in like-kind exchanges and involuntary conversions.

Take these simple, important precautions to make it harder for hackers to break into your network and steal your client data and other confidential information.