New guidance aims for clarity, consistency and transparency and will also lay the foundation for a new AICPA credential, Certified in Valuation of Financial Instruments (CVFI).
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FinREC is requesting feedback on four working drafts that provide industry-specific guidance for entities implementing FASB Accounting Standards Update No. 2014-09, Revenue From Contracts With Customers (Topic 606).
GASB issued a statement that is designed to help align the accounting and financial reporting of lease transactions more closely with their economic substance.
Understanding what motivates volunteers is the first step toward helping them have a great experience assisting a not-for-profit.
The Tax Court held that the owners of the Boston Bruins could deduct the full cost of their team’s pregame meals for away games as a de minimis fringe benefit.
Technical corrections proposed by FASB would affect accounting guidance for certain bad debt reserves of savings and loans, and steamship entities.
Whether it means taking external auditors into executive session or getting candid opinions on staff, audit committee members need to provide strong oversight to help the organization thrive and survive.
It’s important to stay up to date with a document that can enable effectiveness and efficiency.
A proposed ASU would give private companies an alternative for financial reporting associated with consolidation of variable-interest entities.
The Senate Republicans’ bill to replace Obamacare would repeal many of the Affordable Care Act’s tax provisions. Here’s a look at the tax changes in the bill.
The pace of standard setting may slow in the coming months, but one key new project is on the horizon.
The spelling checker on your word processing program can do only so much to flag problems. Your best insurance is to learn the troublesome words that trip up writers and use them correctly by the standards of formal, written English.
The system had been down since early June, after a federal court held that the IRS cannot charge a PTIN fee.
Audit committees have new information to consider as a result of a new PCAOB rule requiring the naming of the engagement partner and other firms participating in the audit.
CPAs take immense pride in what they accomplished when they passed the CPA Exam, but the grading of the exam is a mystery to some. A new report provides some clarity on how the exam is scored.
Embracing technology and making changes in your firm now will help your firm succeed in the future as new technologies enable auditors to provide more value to clients.
As entrepreneurial workers increasingly embrace the autonomy and flexibility of performing as independent contractors, they need CPA firms to help them with taxes, accounting services and other business needs.
Rapid advances in technology are causing headaches and creating opportunities for accounting firms.
In a competitive environment, managers can do these five things to motivate and retain their best workers.