FYI


The board of the International Federation of Accountants in November appointed John Kellas, who is a fellow of the chartered accountants (FCA), chairman of the international auditing and assurance standards board (IAASB) for a three-year term that began January 1. Kellas, a partner in KPMG LLP’s London office and chairman of the firm’s assurance technical committee, has served on the IAASB and its predecessor, the international auditing practices committee, since October 2000.

FASB selects Jennifer Moriarty, an auditor with KPMG LLP’s New York financial services practice, as its first XBRL fellow. FASB created the fellowship to investigate ways in which XBRL and related technologies can improve corporate financial reporting and to develop policy recommendations on XBRL’s role in FASB standard-setting activities.

The Federal Accounting Standards Advisory Board (FASAB) announces a practice fellow program and a government fellow program. The former offers public accountants an opportunity to participate in the federal financial accounting standard-setting process for a two-year term. Candidates chosen for the latter program spend six months to one year with FASAB working with its accounting and auditing policy committee and on research and technical projects. More information is available from Wendy Comes, FASAB’s executive director, at 202-512-7350 or comesw@fasab.gov .

 

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.