News

The Financial Accounting Standards Board (FASB) today issued FASB Staff Position (FSP) FIN 48-2, Effective Date of FASB Interpretation No. 48 for Certain Nonpublic Enterprises. The final FSP incorporates changes made to the original Exposure Draft, and defers the effective date of FASB Interpretation 48, Accounting for Uncertainty in Income Taxes, for certain nonpublic enterprises-including nonpublic not-for-profit organizations-to the annual financial statements for fiscal years beginning after December 15, 2007.

The Financial Accounting Standards Board (FASB) today issued FASB Statements No. 141 (revised 2007), Business Combinations, and No. 160, Noncontrolling Interests in Consolidated Financial Statements. Effective for fiscal years beginning after December 15, 2008, the standards will improve, simplify, and converge internationally the accounting for business combinations and the reporting of noncontrolling interests in consolidated financial statements.

AGH recently announced the appointment of Kenneth Breaux, CPA, as director of the firm’s Department of Assurance Services.

July 2, 2007 - ATLANTA – Leading Atlanta accounting firm Aarons, Grant & Habif, LLC (AGH), was recently awarded Firm of the Year by Enterprise Network Worldwide, an alliance of independent accounting firms around the globe. The consortium is comprised of top independent firms specializing in Assurance, Taxation and Financial Services in a variety of industries, with the mission of ‘challenging firms to think about their future, and to help them adopt strategies to enhance profits, owner value and professional satisfaction.’

June 8, 2007 - ATLANTA – Accounting firm Aarons, Grant & Habif, LLC (AGH) recently announced that Principal and COO Randy Gold, was awarded the Abe Schwartz Young Leadership Award from the Jewish Federation of Greater Atlanta at its annual meeting on June 7, 2007. The award recognizes outstanding leadership in the Jewish community, community agencies, institutions, synagogues and Jewish organizations among individuals under the age of 40.