In this round-table discussion, AICPA staff and task force members describe a financial reporting framework under development that will allow CPAs to prepare financial statements that are tailored to the needs of small business clients and users.
Data analysis techniques can help CPAs detect warning signs of potential fraud, especially in large data sets. How well do you know these techniques and how they can be used to sift through millions of records to uncover evidence of possible malfeasance? Find out in our Fraud IQ quiz.
Taxes on dividends are scheduled to increase from 15% in 2012 to as high as 43.4% in 2013. Also, a new 3.8% Medicare tax on net investment income and an additional 0.9% Medicare tax on wage and self-employment income will apply to higher-income taxpayers. This article contains planning ideas for CPAs to consider when helping their clients cope with these impending large tax increases.
Qualitative or quantitative: Which sort of impairment testing is best for valuation needs? After the release of new Accounting Standards Updates, the options have grown.
The global financial crisis transformed corporate priorities, pushing financial risk management high up the list—a shift that has elevated the profile and broadened the role of the executive who is often responsible for managing that risk: the corporate treasurer.