2018 - Page 10 of 18 - Journal of Accountancy

The magazines

July 1, 2018

Americans’ financial satisfaction hits high mark

Job openings and personal taxes countered volatility.

July 1, 2018

FASB supersedes guidance related to Circular 202

No significant effects on current practices are expected.

July 1, 2018

The CPA’s role in forming benefit corporations

Public benefit corporations aim to create value for all stakeholders. Finance professionals can help in the creation and management of these increasingly common enterprises.

July 1, 2018

Protecting against claims of failure to detect theft

A mismatch between the public’s perception of CPAs’ duties and their actual responsibilities can create professional liability risks.

July 1, 2018

Got too much data for your preferred drive? Here’s what to do

You can create a single drive letter for storing your data files across all of your hard drives as follows.

July 1, 2018

Ethics for CPA firm mergers and acquisitions

All parties in a CPA firm purchase or sale need to follow rules to protect clients’ confidential information and records.

July 1, 2018

FASAB proposes new standards for accounting and reporting of government land

Relevance and comparability are concerns, the chairman said.

July 1, 2018

IRS clarifies identity theft procedures

An affidavit is needed only when an unauthorized return has been filed using the taxpayer’s Social Security number.

July 1, 2018

EBP audits: Don’t let your guard down

A healthy dose of paranoia and specialized expertise can help practitioners overcome challenges in employee benefit plan audits.

July 1, 2018

First Circuit allows DISC dividends paid to Roth IRAs

The IRS suffers its second defeat when the First Circuit, agreeing with the Sixth Circuit, denies application of the substance-over-form doctrine to recharacterize DISC commissions and dividends as excess Roth contributions.

July 1, 2018

Levy on husband-and-wife LLC is upheld

Taxpayers’ claim they were a single-member limited liability company is belied by partnership returns, the Tax Court concludes.

July 1, 2018

The board’s role in promoting an ethical culture

A board of directors can promote ethical behavior throughout an organization by prioritizing corporate culture, watching for red flags, and setting clear expectations.

July 1, 2018

Valuation of portfolio company investments addressed in AICPA working draft

A guide under development will assist with estimates.

June 1, 2018

How formal ERM implementation can help federal agencies

Federal government entities are embracing risk management practices that can help them make better decisions and be more transparent.

June 1, 2018

Paving the way to a new digital world

The JofA’s annual technology roundtable looks into the future as blockchain, big data analytics, artificial intelligence, and robotic process automation fuel transformation in the accounting profession.

June 1, 2018

New FAQs address familiarity threats

Safeguards for long-tenured personnel are suggested.

June 1, 2018

Protect your online privacy with a VPN

The easiest and least expensive way to set up a VPN is to subscribe to a VPN service provider.

June 1, 2018

Line items

IRS to shut down OVDP … Longer carried interest holding period includes S corporations … Coinbase notifies customers of IRS summons compliance

June 1, 2018

4 skills accountants need to succeed in a tech-enabled future

New duties will require plenty of understanding and good communication.

June 1, 2018

New international code clarifies ethics issues

The change includes major revisions to the unifying framework.

FROM THIS MONTH'S ISSUE

Making the right choice when no one is watching

The true test of one’s character is the decision made when no one is looking over your shoulder. Learn how CPAs can uphold ethical standards and take actions that help limit liability risk.