International


The IASB’s former standing interpretations committee—now the international financial reporting interpretations committee—issues guidance ( www.iasb.org.uk/cmt/0001.asp ) on accounting for Web site costs under international accounting standards (IASs). The interpretation clarifies existing requirements of IAS 38, Intangible Assets, that apply to expenses associated with an entity’s development and operation of an Internet site. If the enterprise applies the new interpretation and recognizes the site as an intangible asset, it must amortize the operating expenses over a brief period unless that site actively serves a market and its operating costs are regularly evaluated.

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Why cybercriminals are targeting CPAs

This free report expands on the most commonly found scams, why education and specialized IT knowledge help to lessen security vulnerabilities, and why every firm should plan carefully for how it would respond to a breach.

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How tax reform — and Excel — are changing the CPA Exam

Mike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.