Business, Industry & Government
The AICPA provides financial managers and executives practicing in business, industry, and government with tools and resources needed to move organizations forward.
NC State's ERM initiative, in partnership with the American Institute of CPAs, released its 2018 Overview of ERM Practices. Based on survey responses from 474 business executives spanning a number of industries, types, and sizes, the report provides detailed insights about the maturity of their organization's current state of ERM practices. This is the ninth year NC State has conducted similar research in partnership with the AICPA.
New March 2018: This brief describes how ERM has been adopted as a best practice leading to recent revisions to the policy environment around government operations.
Journal of Accountancy
Standard mileage rates, depreciation amounts updated
May 25, 2018
The IRS issued guidance on the standard mileage rates and depreciation limits that were changed by the Tax Cuts and Jobs Act.
IRS warns tax practitioners of new phishing scam
May 25, 2018
The IRS alerted tax practitioners to beware of a phishing scheme in which cybercriminals send out emails posing as state accounting and professional associations.
IRS to clarify rules on payments in lieu of state and local taxes
May 23, 2018
The IRS announced that it intends to issue regulations explaining that legislation attempting to recharacterize state and local taxes as charitable contributions will be subject to interpretation under federal tax law.
Management accountants serving in diverse roles, organizations and industries share insights about the value of the CGMA designation.