International


The IASB’s former standing interpretations committee—now the international financial reporting interpretations committee—issues guidance ( www.iasb.org.uk/cmt/0001.asp ) on accounting for Web site costs under international accounting standards (IASs). The interpretation clarifies existing requirements of IAS 38, Intangible Assets, that apply to expenses associated with an entity’s development and operation of an Internet site. If the enterprise applies the new interpretation and recognizes the site as an intangible asset, it must amortize the operating expenses over a brief period unless that site actively serves a market and its operating costs are regularly evaluated.

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

COLUMN

Deflecting clients’ requests for defense and indemnity

Client requests for defense and indemnity by the CPA firm are on the rise. Requests for such clauses are unnecessary and unfair, and, in some cases, are unenforceable.