New Faces Enter Fray in Accounting

As the great accounting fight of the past decade moves near to a conclusion that seems likely to satisfy no one, the cast of characters is suddenly changing. The two most important accounting bodies in the world will be under new leadership as they try to move on from bruising battles that have pitted them against banks, bank regulators and politicians.

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Mike Theiler/Reuters

Robert H. Herz stepped down as head of the F.A.S.B. rule-making board this month.

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Leslie F. Seidman is acting chairwoman of the F.A.S.B.

The changes are coming before it is clear just how far the two boards — the Financial Accounting Standards Board, which sets accounting rules in the United States, and the International Accounting Standards Board, whose rules are followed in a growing number of countries — will have to back down in their efforts to force banks to report the current value of their assets.

CPA Exam Offered in Five International Locations Next Year

CPA Exam Offered in Five International Locations Next Year

The Uniform CPA Examination will be offered in Japan, Bahrain, Kuwait, Lebanon and the United Arab Emirates in 2011, marking the first time in the exam’s history that it will be offered outside the 55 U.S. jurisdictions.