The Accountant-Client Privilege Does It Exist
Conversations between you and your clients may be shielded from disclose to third parties, if the accountant-client privilege applies.
Published on January 28, 2011
CPAs and Privileged Communications
Even though the privilege has been traditionally reserved for attorneys, as the world has became more complex, the courts have expanded privilege beyond attorneys to include accountants in certain situations.
Published on September 30, 2013
CPAs and Comfort Letters The New Chocolate
For years, CPAs have been asked by third parties for verification, confirmation, certification, corroboration, authentication, or substantiation of their clients’ financial information. Negative connotations have often been associated with these requests.
Published on June 30, 2013
Do We Really Have Privilege
This item discusses the limits of the privilege for communications between a tax practitioner and client under Sec. 7525.
Published on October 05, 2010
Memo Addresses Treatment of Fraudulently Altered Returns
The Office of Chief Counsel advised on a number of issues regarding returns where a preparer, after issuing the taxpayers refund anticipation loans, increased the amount of the charitable contribution deductions claimed on the returns without the taxpayers’ knowledge or consent to increase the refund received from the IRS.
Published on June 30, 2011
AICPA News Update Vol.12 No.35
Q&A Explains Basics of FASB/IASB Revenue Recognition Project that Will Affect Nearly All Contracts, AICPA White Paper Explains Practitioner ’s Role in Internal Control Services, Technical Practice Aids Issued on Investment Companies, Business Brief Highlights Progress on Integration of ERM Analysis into Corporate Credit Ratings, Free Web
Published on June 24, 2011
Updated Guidance on the Determination of Basis of Stock in Transferred Basis Transactions
Rev. Proc. 2011-35 provides four safe-harbor methodologies that a corporation may use to establish its basis in the stock of another corporation in a type B reorganization or certain other transferred basis transactions.
Published on April 20, 2012
Data Security in the Cloud
James Bourke What CPA firms can lose if they don't address three key issues before migrating to the cloud. Blogging, the embrac
Published on May 02, 2012
AICPA News Update - January 4, 2013
In this issue: "Fiscal Cliff" Legislation Includes Huge Number of Tax Provisions; AICPA Flags Concerns about IFAC’s International Ethics Standards Board’s Exposure Draft on Responding to a Suspected Illegal Act; ASB Issues Omnibus SAS to Amend Two Clarified Auditing Standards; TPA Issued on Effective Date of AU-C Section 905 in
Published on January 10, 2013
Report of Foreign Bank and Financial Accounts Significant Revisions and Severe Penalties
This article discusses new traps for the uninitiated created by these revisions and the new reporting requirements for certain taxpayers who previously may not have been required to file this form.
Published on January 28, 2011