FASB Comment Letter Regarding Fair Value Measurement of Perpetual Trusts
AICPA comments on the Not-for-profit entities (NFP) requirement to measure beneficial interests in perpetual trusts at fair value
Published on May 08, 2013
Audits of Federal Funds (Single Audits)
Entities that receive federal funds including states, local governments, and not-for-profit organizations (NPOs), are subject to audit requirements commonly referred to as “single audits” under the Single Audit Act of 1984, as amended in 1996. The Single Audit Act was...
Published on March 28, 2013
AICPA Provides Feedback to GASB on Nonexchange Financial Guarantee Transactions
The CPA Advocate: December, 2012. AICPA asks for clarification of "financial guarantee" and questions theBoard's conclusions regarding the exclusion of exchange transactions from the scope of the standard.
Published on December 20, 2012
AICPA Advocacy Continuing on Proposed Revisions to Single Audit Rules
The CPA Advocate: March 27, 2013. The AICPA invites members to submit comments by April 26, 2013 to be considered as part of AICPA’s comment letter to OMB.
Published on March 27, 2013
AICPA Raises Concerns about Ideas for Potential Revisions to Single Audits
The CPA Advocate: June, 2012. The GAQC comment letter to OMB supports overall goals of potential revisions to single aud requirements but raised concerns about ideas for potential revisions.
Published on June 13, 2012
AICPA Supports Bill to Clarify State Tax Treatment of Nonqualified Deferred Comp
AICPA has endorsed H.R. 4019, which would clarify that retirement income received under certain nonqualified deferred compensation plans for retired partners would not be subject to non-resident state income tax.
Published on January 04, 2006
AICPA Comments on the Fairness, Simplification, and Competitiveness for American Business Act of 2002
In a letter to Rep. Amo Houghton, AICPA shows support for many of the proposed international tax simplification provisions in the proposed legislation, H.R. 4151, Fairness, Simplification and Competitiveness for American Business Act of 2002.
Published on June 21, 2005
AICPA Thanks IRS for Adopting Its Safe Harbor Recommendation on Spousal Waivers for CRTs
The AICPA expresses its appreciation to the IRS for suspending the spousal waiver requirement for charitable remainder trusts under section 664.
Published on March 22, 2006
AICPA Sends Its AICPA Statement on Taxpayer Rights to Ways and Means
In this letter to the House Ways and Means Subcommittee, the AICPA provided comments on five tax administration legislative proposals: (1) an April 30 due date for electronically filed returns; (2) low income tax clinics; (3) penalties and interest; (4) the collection process; and (5) a better means of communicating
Published on March 12, 2012
AICPA Opposes Repeal of Foreign Earned Income Exclusion
AICPA opposes repeal of the foreign earned income exclusion, as proposed in Section 350 of S. 1054, the Jobs and Growth Tax Relief Reconciliation Act of 2003.
Published on June 21, 2005