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
March 2005 Governance Whitepaper
AICPA supports the Senate Finance Committee's objective of ensuring that not-for-profit organizations maintain the full confidence of the public by being accountable and fulfilling their fiduciary responsibilities. This whitepaper was attached to a cover letter submitted in March 2005
Published on November 06, 2012
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 19, 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 12, 2012
AICPA Details Problems with Proposed Legislation on Corporate Inversions
AICPA comments were submitted for the record of the House Ways and Means Committee Select Revenue Measures Subcommittee Hearing on Corporate Inversions. The comments discuss various problems with the proposed legislation on corporate inversions.
Published on April 15, 2010
AICPA Evaluates the International Tax Aspects of the American Competitiveness and Corporate Accountability Act
AICPA writes to the Congress evaluating the international tax aspects of the proposed H.R. 5095, American Competitiveness and Corporate Accountability Act.
Published on April 15, 2010
AICPA Asks IRS to Modify Form 990 Instructions
On March 31, 2006, the AICPA asked the IRS to clarify instructions for line 75c of Form 990, Return of Organization Exempt from Income Tax, believing the language to be too broad, risking unintended consequences. This document poses a number of questions regarding how the instructions apply to various common
Published on July 01, 2013
AICPA Comments on Notice 2005-74 on the Effect of Exchanges on Gain Recognition Agreements
The AICPA recommends that a successor transferor in an asset reorganization be permitted to assume the obligations associated with an original gain recognition agreement (GRA) for the remaining term of that GRA without triggering gain recognition.
Published on April 30, 2010