AICPA Issues Exposure Draft of Proposed SSARS

The AICPA’s Accounting and Review Services Committee issued an exposure draft of a proposed Statement on Standards for Accounting and Review Services (SSARS), Applicability of Statements on Standards for Accounting and Review Services. The exposure draft proposes to amend AR section 100. Under the proposal, SSARSs would not apply when the provisions of AU section 722, Interim Financial Information, apply.


The revisions were drafted based on the comment letters received on the proposed Statement on Auditing Standards (SAS), Interim Financial Information, and the views of the task force working on the proposed auditing standard. The proposed SSARS may have to be further revised based on the final SAS as voted by the Auditing Standards Board.


The ED is available here. The comment period closes Jan. 9.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.