The International Accounting Standards Board is updating the conceptual framework underpinning financial reporting under IFRS.
The criminals attempted to hack as many as 200,000 accounts. The IRS is notifying affected taxpayers and has launched a criminal investigation.
Environmental factors play a pivotal role in the motivation of students and professionals to take the CPA exam, according to survey findings presented at the AICPA governing Council meeting.
FASB issued new disclosure requirements for insurance companies that are designed to provide more information about liabilities related to short-duration contracts.
FASB issued a proposal that is intended to simplify accounting for adjustments made to provisional amounts recognized in a business combination.
An accounting standard FASB issued in 2007 to address ownership interests within a company’s subsidiary achieves its purpose but does have areas that might be improved, a review found.
Rules proposed by the SEC are designed to improve the reporting and disclosure of information by investment companies and investment advisers.
In a speech to the AICPA’s spring Council meeting, Rep. Paul Ryan, chair of the House Ways and Means Committee, laid out his goals for tax reform and lower tax rates. He also called for the United States to adopt a territorial tax system.
Newly proposed revisions to continuing professional education standards would allow CPAs to receive credit for instruction in short segments (nano-learning) and blended learning, which combines aspects of face-to-face and online instruction.
The International Accounting Standards Board (IASB) published its proposal to delay by one year the effective date of the new revenue recognition standard.
The U.S. Supreme Court held that Maryland’s personal income tax, which does not permit a credit against Maryland county income tax for taxes paid to other states, violates the dormant Commerce Clause.
The digital sun will never set, which means that digital threats to business and government will only grow in the future, Tom Ridge said Friday.
The AICPA released a six-point plan with recommendations for improving audit quality, which covers several stages in the process of being or becoming an auditor.
Changes to the revenue recognition standard proposed by FASB are designed to clarify guidance related to identifying performance obligations and licensing.
An AICPA comment letter encourages the Financial Accounting Foundation to not lose the momentum it has built in addressing accounting issues for private companies through the Private Company Council process.
The IRS issued proposed regulations to amend various regulation sections to take into account special rules that affect the basis of assets acquired from a decedent who died in 2010 and for which an executor made a Sec. 1022 election.
The IRS issued temporary and proposed regulations amending the treatment of nonperiodic payments made or received under certain notional principal contracts (NPCs).
For the first time since 2004, the IRS has updated the list of private delivery services (PDSs) that qualify under the mailbox rule of Sec. 7502.
The IRS issued revenue rulings on whether two transactions, one involving domestic entities and another involving both domestic and foreign entities, qualified as Section 351 exchanges followed by D reorganizations.
Private companies may have more flexibility to elect private company accounting alternatives as a result of a project the Private Company Council (PCC) is undertaking.