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.
The quarterly AICPA Business and Industry Economic Outlook Survey is a leading indicator of U.S. economic growth and contraction based on CPA financial executives’ evaluation of corporate prospects, performance data, and first-hand knowledge of company staffing, spending and financing plans. See our latest release (Sept. 5, 2019).
The American Institute of CPAs (AICPA) has presented Andy Nielsen, CPA, CGFM of Ankeny, Iowa, with its 2019 Outstanding CPA in Government Career Contribution Award!
Journal of Accountancy
Taxpayers may deduct casualty losses in prior years
Oct 14, 2019
The IRS finalized regulations permitting taxpayers to deduct disaster losses in the prior tax year and removed the related temporary regulations that were issued in 2016.
Sustainability assurance’s link to reporting quality
Oct 10, 2019
The steady growth in assurance of sustainability reports suggests that companies increasingly perceive that there are net benefits of having their sustainability reports assured.
IRS clarifies the tax treatment of cryptocurrency ‘hard forks’ and ‘airdrops’
Oct 9, 2019
The IRS ruled that a taxpayer does not have gross income as a result of a hard fork of a cryptocurrency if the taxpayer does not receive units of a new cryptocurrency, but does have gross income as a result of an airdrop of new cryptocurrency after a hard fork if the taxpayer receives units of the new cryptocurrency.
Management accountants serving in diverse roles, organizations and industries share insights about the value of the CGMA designation.