Hundreds of CPAs visited with lawmakers and congressional staff this week to advocate on four key issues for the profession. Here are tips on how to schedule a similar visit or get your voice heard from back home.
The board has proposed requiring auditors to provide information on the most challenging, subjective, or complex aspects of an audit.
President Donald Trump’s proposed FY 2018 budget includes a new proposal to give the IRS authority to regulate paid tax return preparers.
The AICPA ASB issued an interpretation that describes conditions for practitioners who wish to perform and report on an attestation engagement in accordance with AICPA attestation standards in addition to another set of attestation standards.
Demand for cybersecurity consulting helped drive the growth, accounting for $7.1 billion in revenue.
The first members of Generation Z are graduating from college and entering the workforce. And it would be a big mistake to expect them to behave like Millennials.
Risk assessment procedures, auditor communication requirements, and revenue recognition are among the many complex areas that auditors need to consider carefully in their planning and throughout the audit.
A new standard issued by the IASB aims to provide transparent reporting about insurers’ financial position and risk.
FASB intends to provide clarity to help financial statement preparers determine the customer of the operation services for transactions.
New rules issued by GASB address accounting for debt extinguishment prior to its maturity when bond proceeds are not used.
Taxpayers received more information about a data breach that affected about 100,000 people and shut down a tool used by parents and students applying for financial aid for college.
FASB is considering changing U.S. GAAP financial reporting taxonomy to improve usability.
FASB hopes to provide clarity by offering guidance on the scope of modification accounting for share-based payment awards.
The IRS released the 2018 annual inflation-adjusted amounts that apply to health savings accounts.
The 2017 appropriations bill passed by Congress includes $11.2 billion for IRS operations and enforcement. But it also includes specific directives prohibiting certain IRS conduct.
The details of a recent data breach affecting 100,000 taxpayers were revealed in testimony before the House of Representatives Oversight and Government Reform Committee in Washington.
Finance departments are under pressure to close the books faster, but efficiency is a stumbling block, two recent surveys show.
In a letter, the Center for Audit Quality and two investor groups opposed a provision of a bill that would decrease the number of companies required to comply with the rules in Sarbanes-Oxley Act Section 404(b).
FinREC has published a working draft for its revenue recognition implementation guide that seeks feedback on an issue for telecommunications entities.
The AICPA has issued new TQAs about controls relevant to the audit and control activities relevant to the audit.