Professional Issues


The statement on responsibilities task force of the AICPA consulting service executive committee’s litigation and dispute resolution subcommittee issues Proposed Statement on Responsibilities for Litigation Services no. 1. The exposure draft lists the responsibilities of a practitioner in a litigation service consulting engagement. It also analyzes the scope of such services, provides a comparative analysis of standards and responsibilities and describes the limits of standards and responsibilities for practitioners. Comments are due by January 31. ( www.aicpa.org/members/div/pfp/litsvcs.htm )

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Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.

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What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.