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 )

SPONSORED REPORT

6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.

PODCAST

How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.