Representatives at the AICPA fall Council meeting voted to approve changes to the “Council Resolution Concerning the Form of Organization and Name Rule” of the AICPA Code of Professional Conduct that will conform the code to the recently revised definition of attest in the Uniform Accountancy Act (UAA). The Council
Advertisement
The magazines
Management accounting
A well-known framework for risk management is scheduled for another update. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) announced that it is undertaking a project to update its Enterprise Risk Management—Integrated Framework, which debuted in 2004. Organizations use the framework to help them manage uncertainty, consider how
Human resources
As leaders in the accounting profession come to understand the business case for diversity and inclusion, they often have implementation questions. “The next natural question is, ‘So what do I do about it?’ ” said Kenneth Bouyer, CPA, chairman of the AICPA National Commission on Diversity & Inclusion and EY
Government
State and local government financial statements would be required to reflect agreements that state and local governments make to attract businesses to their areas, under new accounting rules GASB proposed. In an effort to stimulate economic development, governments often agree to abate or reduce the taxes of businesses and other
Fraud
With the help of new investigative approaches—and data and analytical tools—the SEC filed a record 755 enforcement actions totaling $4.16 billion in disgorgement and penalties in fiscal year 2014, the securities regulator announced.
Financial reporting
Taking unnecessary cost and complexity out of the U.S. financial reporting system has been a primary objective for Russell Golden since he became FASB’s chairman in July 2013.
2015 pension contribution limits set
The IRS announced 2015 limitations and adjusted gross income (AGI) phaseout ranges for retirement plan contributions.
Financial planning
Data security and regulatory oversight are the top factors contributing to rising investor confidence in U.S. stock exchanges, according to a Center for Audit Quality (CAQ) pulse poll. Seventy percent of investors responding to the CAQ’s 2014 Main Street Investor Survey said they have a great deal, quite a bit,
Expanding your app-titude
Perch provides bird’s-eye view of the competition…Listen to the best articles with Umano
News highlights for January 2015
Effective management accounting practices can improve decision-making in organizations, which need sound fundamentals but also speed when trying to decide which strategic paths to follow. In short, organizations need principles that can be applied to help produce favorable outcomes.
Tax-efficient investing in gold
Whether as bullion, coins, funds, stocks, or derivatives, gold holds an age-old fascination. Smart investing takes into account how gains are taxed.
Achieve elite status
Mark Divine shares lessons and insights from his distinctive viewpoint as a businessman, trainer, and former commander on SEAL Team One.
2014 MAP survey: Firms tech it up a notch
U.S. public accounting firms are making greater use of technologies including cloud-based software and video conferencing, according to the 2014 Management of an Accounting Practice (MAP) Survey from the AICPA Private Companies Practice Section (PCPS) and the Texas Society of CPAs (TSCPA). The biennial study also unveils trends in fees, billing rates, compensation, and types of services and benefits offered.
Build business with “cost-cutting” reviews
Small firms can bolster their client relationships and generate additional revenue through one- or two-hour microengagements.
How to mind your manners in the Middle East
The Middle East offers foreign companies many lucrative business opportunities, but, to gain access, suitors must first be considered culturally acceptable by their Middle Eastern counterparts.
How health care data security rules may affect you
CPAs must properly secure any patient health care data that may come into their possession, to avoid potentially severe civil and criminal penalties.
Key auditor considerations for GASB pension standards’ rollout
Timely communication between pension plans, government employers, and their auditors is essential in implementing the new standards.
IRS proposes scrapping COD nonpayment testing period
The Service says the 36-month period for reporting cancellation-of-debt income is ineffective and prone to confusion.
Effective learning strategies awards highlight innovative curricula
The winners will present their curricula in person at the 2015 American Accounting Association annual meeting.
Sustained Contribution Award recognizes volunteerism
James L. Brown received the Institute’s Sustained Contribution Award, which recognizes members who have contributed measurably to the AICPA and accounting profession with a long and exemplary record of volunteer service.
Features
SPONSORED REPORT
How to find the right CAS clients
The key to success with CAS is selecting the best clients. Tools like ideal client profiles (ICPs), buyer personas, and even artificial intelligence can help identify the businesses that best fit each CAS practice.
From The Tax Adviser
March 31, 2026
Current developments in taxation of individuals: Part 1
March 31, 2026
Current Developments in Taxation of Individuals: Part 1
March 6, 2026
