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The Institute’s accounting standards staff releases a technical practice aid (TPA) ( ) to clarify financial accounting and reporting issues relating to Statement of Position (SOP) 97-2, Software Revenue Recognition. The TPA uses a question-and-answer format to cover matters such as the commencement of an initial or renewal software license term and an arrangement containing an option to extend a time-based license indefinitely. The TPA is included in the publication, Technical Practice Aids, which is available from the AICPA order department at 888-777-7077.


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.


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.