2017 - Page 6 of 20 - Journal of Accountancy

The magazines

September 1, 2017

FinREC unveils another set of revenue recognition working drafts

The committee seeks feedback on guidance for 4 industries.

September 1, 2017

Filing of incorrect form is considered a valid informal refund claim

The Ninth Circuit reverses the Tax Court and finds that the IRS was sufficiently apprised of an innocent spouse claim.

September 1, 2017

Microsoft Windows: 3 methods for recovering lost administrative passwords

Here are alternatives for recovering or resetting lost Windows 7 administrator passwords that avoid system resets and reinstallations.

September 1, 2017

Line items

IRS online taxpayer accounts expand capabilities … Supreme Court rules church-affiliated organizations’ plans are exempt from ERISA … TIGTA finds improved ID theft casework

September 1, 2017

The importance of audit planning

Often overlooked, the real benefit of audit planning is gained from the process itself.

September 1, 2017

FASB issues proposal for consolidation of VIEs

The objective is to reduce cost and complexity.

September 1, 2017

IRS reissues centralized partnership audit rules; CPAs urge postponement

A presidential regulatory freeze had delayed the proposed regulations’ publication from early in 2017.

September 1, 2017

Federal court strikes down PTIN fees, upholds PTINs

The numbers confer no special benefit to preparers, a district court holds as it orders refunds.

September 1, 2017

What audit committees need to know about PCAOB’s Form AP

The CAQ has published a new tool.

August 1, 2017

5 key issues that merit CPAs’ attention

Presenters at the inaugural AICPA ENGAGE conference discussed some of the most important issues in the accounting profession, in areas including technology and client management.

August 1, 2017

Monster.com founder’s estate wins dispute over VPFC gain recognition

The contracts’ extension was not a sale or exchange, and open-transaction treatment continued, the Tax Court holds.

August 1, 2017

The war on tax ID theft continues: CPAs’ role

The IRS reports progress, but many firms could still improve their practices.

August 1, 2017

Former Marine not entitled to exclude foreign earned income

The Tax Court holds the taxpayer’s election was untimely.

August 1, 2017

AICPA chair receives honorary citation from Maryland governor

Maryland Gov. Larry Hogan issued a citation in recognition of Kimberly Ellison-Taylor’s accomplishments and service on behalf of CPAs.

August 1, 2017

Avoiding website claims that increase malpractice risk

Website language may compromise the defense of a professional liability claim.

August 1, 2017

FinREC issues a dozen revenue recognition working drafts

Asset management, gaming, and software are among the industries addressed.

August 1, 2017

Expanding your app-titude: CrashPlan

A monthly look at apps and websites that can make the CPA’s job and life better. This month: CrashPlan.

August 1, 2017

Building a more effective board

Corporate boards’ scope of responsibilities continues to broaden, and directors’ confidence that they have what it takes to tackle the challenges is lagging.

August 1, 2017

‘Pump and dump’ theft loss allowed despite open arbitration claim

The Federal Circuit holds that abandonment of a claim for reimbursement of a theft loss is not necessary to prove a reasonable certainty that no reimbursement will be received.

August 1, 2017

Microsoft Excel: Modify Excel’s default blank workbook

It is possible to modify Excel’s default blank workbook; you can even modify the default new worksheets that you insert into your existing workbooks.

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.