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CPA Outlook Index Declines in Second Quarter as Economic Optimism Wanes, Job Growth Stalls AICPA Survey
According to the latest AICPA Economic Outlook Survey, chief financial officers, controllers and CPAs in executive and senior management accounting roles are far less optimistic now about the direction of the U.S. economy than they were in the first quarter of 2011.
Published on June 02, 2011
AICPA Asks IRS for Guidance on Applying Carryover Basis Rules to Estates of Taxpayers who Died in 2010
The American Institute of Certified Public Accountants has asked the Internal Revenue Service to issue guidance about how to apply carryover basis rules for the assets of taxpayers who died in 2010 in order to settle their estates. Basis is generally the original purchase price of an asset, such as
Published on December 07, 2010
AICPA Urges IRS to Revise Proposed Tax Preparer User Fee Regulations
The user fees would apply to individuals who are required to take the IRS competency examination in order to become Registered Tax Return Preparers and for fingerprinting those individuals who participate in the preparer tax identification number (PTIN), acceptance agent and authorized e-file provider programs.
Published on October 07, 2011
Discount Rates, Risk, and Uncertainty in Economic Damages Calculations Practice Aid
Economic damage calculations require practitioners to analyze risks and uncertainties. In addition, economic damage calculations frequently involve future periods of time. A discount rate is often used to address these considerations. This practice aid is intended to enhance practitioners’ understanding of the development and application of discount rates.
Calculating Intellectual Property Infringement Damages
This practice aid is designed to provide guidance to forensic accounting practitioners with business or litigation experience concerning intellectual property rights and calculating infringement damages. It focuses on the theoretical, legal, economic, and accounting foundations of intellectual property and methodologies commonly employed in the calculation of intellectual property damages.
Calculating Lost Profits – Business Valuation and Forensic & Litigation Services Practice Aid 06-4
Authored by recognized specialists, this Practice Aid discusses roles the CPA may be asked to take in a lost profits damage analysis.