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Donny J. WoodsALEXANDRA, Va., Donny J. Woods, a public accountant and enrolled agent based in Nashville, Ark., has been named as president of the National Association of Accountants as the organization elected national, district and state officers at its 65th Annual Meeting in Washington, D.C. He replaces outgoing president Robert L. Cross of Northglenn, Colo.

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Tonelli RudaNEW YORK - Thomson Reuters has named Taneli Ruda, most recently a VP at mobile phone vendor Nokia, as SVP of strategy for the company's Tax & Accounting business, a newly created position. Ruda's appointment comes at a time that the company has been expanding globally with products such as Checkpoint Learning and the OneSource Global Tax Workstation.

 

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Tim LongAccounting doctrine and the accounting profession encroached on the process banks used in making decisions about credit and contributed to the lending crisis, according to Tim Long, senior deputy comptroller for bank supervision policy and chief national bank examiner. In remarks delivered at this week's AICPA National Conference on Banks and Savings Institutions, Long said accounting issues got in the way of judgments that should have been made "by the people best able to speak to the bank's overall credit risk exposure: its senior managers and its credit administration and credit risk professionals, with oversight by its prudential supervisors."

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Intuit logoIntuit is continuing its march on the small business market through alliances with other major vendors this week with the announcement that it and Nokia are developing a mobile and web-based marketing service for small businesses. That follows a late August agreement with Verizon Communications to market website services and marketing tools.
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