Lawmakers Seek to Protect Accounting Method
More than half the House is pushing for lawmakers to preserve an accounting method currently used by many small businesses, according to a report in The Hill, a publication that covers Congress.
Published on September 16, 2014
Crazy for Cash The profession speaks out in favor of cash accounting
Accounting Today: Recent legislative proposals have accountants stepping up to make clear which accounting method they prefer -- and it's cash, by a long shot.
Published on September 05, 2014
AICPA Solicits Feedback on Next Version of CPA Exam
Stakeholders are invited to comment on the proposals in AICPA's Invitation to Comment, all of which address AICPA’s initial research finding, by the deadline of December 2nd.
Published on September 02, 2014
US Investors Renew Call for Audit Partner Disclosure
The Accountant, a UK publication, reported on the Council of Institutional Investors’ (CII) request that the Public Company Accounting Oversight Board (PCAOB) include an engagement partner disclosure requirement in the scope of the PCAOB's policy standards agenda.
Published on August 28, 2014
C-SPAN Covers AICPA National Governmental Accounting and Auditing Update Conference
C-SPAN on Aug. 11 broadcast live from the AICPA’s Governmental Accounting and Auditing Update Conference presentations.
Published on August 19, 2014
Employee Plan Audits Among Focus Areas Of AICPA Quality Enhancement Initiative
Employee benefit plan audits are one of the focus areas of a push by the American Institute of CPAs to find ways to improve private entity audit quality, BNA’s Pension & Benefits Daily reported
Published on August 15, 2014
Senators Object to Raising Cash from Small Business for Tax Reform
In a letter to the Senate Finance Committee they said that small businesses shouldn’t be forced to change their accounting methods to raise revenue for broader tax reform.
Published on August 12, 2014
Accountants group sues to block IRS tax preparer program
Reuters reported that the AICPA has sued the Internal Revenue Service, challenging its new voluntary program for educating and testing tax return preparers. "The IRS's new rule regulating tax return preparers is an unlawful exercise of government power,"
Published on July 16, 2014
IRS Announces Program to Certify Tax Preparers
The Associated Press reported that the Internal Revenue Service (IRS) announced a voluntary program to certify paid tax preparers who complete annual training and pass a test. The AP’s Stephen Ohlemacher wrote that the IRS tried to make training and testi
Published on June 28, 2014
Role of Finance Teams Expanding as Business Complexity Increases
Taking note of a recent CGMA survey, The New York Times reports that the role of finance teams continues to expand beyond traditional accounting and financial reporting.
Published on June 27, 2014
AICPA Survey Economic Optimism Among CPAs Climbs Upward
Accountingweb.com reported that the number of CPAs and financial executives who are optimistic about the US economy has surpassed the 50 percent mark for the first time since the recession.
Published on June 11, 2014
AICPA Financial Literacy Expert Featured on Today Show Website
Kelley Long, a CPA/PFS and member of the AICPA National CPA Financial Literacy Commission, offers consumers advice on how to save money as a wedding guest including sharing a hotel room with other guests and using reward points for rooms, as well as flying, to save money.
Published on May 28, 2014
AICPA Opposes IRS Voluntary Program to Regulate Preparers
WebCPA.com reported on the American Institute of CPAs’ (AICPA) opposition to IRS plans for a voluntary program to regulate the nation’s tax preparers.
Published on May 22, 2014
Congress Passes DATA Act
The U.S. House of Representatives has unanimously passed the Digital Accountability and Transparency Act, also known as the DATA Act, following Senate passage earlier this month and sending the legislation to President Obama’s desk for his signature. Acc
Published on April 29, 2014
New Accounting Framework Useful Tool for Lenders
ABA Banking Journal looks at AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs)
Published on April 17, 2014