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September 2010
Private Company Financial Reporting
FINANCIAL REPORTING

A blue-ribbon panel tasked with providing recommendations on the future of U.S. accounting standards for private companies by the end of this year is focusing on models that are based on current U.S. GAAP rather than IFRS.

Financial Regulatory Reform
REGULATION

The Dodd-Frank Wall Street Reform and Consumer Protection Act, which became law in July, will create new regulations for companies that extend credit to consumers, exempt small public companies from Sarbanes-Oxley section 404(b), make auditors of broker-dealers subject to PCAOB regulation and change registration requirements for investment advisers. Learn how the new law affects you.

BUSINESS & INDUSTRY

Recent data suggest corporate finance organizations tightened their belts during the downturn but staffing levels have remained fairly flat for CPAs.

TAX / PERSONAL FINANCIAL PLANNING

Two recent court victories give charitable formula clauses more power in estate plans.

TAX / BUSINESS & INDUSTRY

Starting this year, the domestic manufacturing deduction increases to 9% of income from eligible activities, making it more attractive even for smaller businesses.

FROM THE AICPA INSIDER GROUP

Managing receivables is difficult in the best of times, and these challenges have been made even more difficult by the current economic environment. But there are several steps your CPA firm can take.

TAX / TECHNOLOGY

In our 2010 tax software survey, more than 12,000 CPAs assessed the tax preparation products they used this past tax season. Here are the full results on what they liked—and disliked—about their software.

TAX / NONPROFITS

Organizations can take their cue from Form 990’s questions, which since the form was revised two years ago now provide more signposts not only to what the IRS expects, but also to policies and practices that can promote integrity within the organization and in its dealings with the public.

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