The news from the second half of February included SEC guidance on robo-advisers for investments and the IRS’s Dirty Dozen tax scams. See how much you know about recent news with this short quiz.
Working drafts exposed by the AICPA Financial Reporting Executive Committee address five new revenue recognition issues.
The FASB issued a new standard that is designed to make employee benefit plan master trust disclosures more useful to users of financial statements.
Publications issued by the SEC provide guidance to investment advisers who operate robo-advisers and investors who use their services.
FASB issued a standard clarifying the scope of its asset derecognition guidance and adding accounting guidance for partial sales of nonfinancial assets.
The AICPA Auditing Standards Board issued a new standard that considers FASB’s new accounting considerations for going concern as well as GASB’s accounting guidance for state and local governments.
The IRS issued its roundup of the 12 biggest tax scams that taxpayers should watch out for this filing season.
The PCAOB provided new information to firms on how to apply Form AP reporting requirements to professional staff in secondment arrangements.
The IRS announced that it will not reject tax returns just because a taxpayer has not indicated on the return whether the taxpayer had health insurance, was exempt, or made a shared-responsibility payment under Sec. 5000A.
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Following a 2015 Supreme Court decision, CPAs serving on state boards of accountancy may be held personally liable for potential antitrust actions taken on behalf of the boards.
Three in four older divorced people need a better understanding of how to manage their personal finances, a new AICPA survey shows.
The IRS announced that as of Sunday it has suspended the e-Services accounts of users who failed to verify their identities in accordance with letters sent out in December.
The IRS announced that it will soon post online the registration information of practitioners who have preparer tax identification numbers, and the information will be available without charge to the public.
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Tax return preparers are discovering that some state income tax returns for 2016 require information from a taxpayer’s driver’s license or state-issued identification card information before the returns can be e-filed.
Working drafts on revenue recognition issues for the insurance and software industries were published by the AICPA, which is seeking comments from interested parties.
The IRS announces new Form 990-EZ with help icons to assist organizations with accurate filing.
U.S. companies holding earnings overseas in cash could be bringing it back in response to tax reform proposed by the new administration in Washington.
Step 2 was eliminated from the goodwill impairment test as the FASB sought to simplify accounting in a new standard issued Thursday.