2018 - Page 17 of 18 - Journal of Accountancy

The magazines

January 1, 2018

SEC approves PCAOB’s new auditor’s reporting model

It’s the first major change to the standard form in 70 years.

January 1, 2018

Richard Preciado, CPA

Developing deep insight in a specialized area can provide a firm with an important advantage in a competitive marketplace, according to Richard Preciado, CPA, managing partner of Hutchinson and Bloodgood LLP in El Centro, Calif.

January 1, 2018

Line items

IRS does not acquiesce to real estate professional holding … IRS issues procedure granting automatic approval for certain defined benefit plan funding method changes … California wildfire victims have a tax extension

January 1, 2018

Cloud computing: What should organizations move to the cloud?

You probably shouldn’t put everything in the cloud, but moving nothing to the cloud isn’t the right answer either.

January 1, 2018

Documenting virtual currency transactions

Even the simplest uses of this increasingly popular medium of exchange will likely involve a basis calculation for tax purposes.

January 1, 2018

The risks, and potential rewards, of rotating chief audit executives

Organizations should be wary of assigning a chief audit executive to the role for a short, predetermined time.

January 1, 2018

No ‘I’ in team

Teamwork is important in helping protect CPA firms from professional liability risks.

January 1, 2018

Promoting neurodiversity

As companies and firms add neurodiversity to their workforces, they are discovering a pool of talented resources in the autism community.

January 1, 2018

FASAB addresses intragovernmental exchanges and component reporting

Technical bulletins provide guidance for federal agencies.

January 1, 2018

PCAOB identifies most frequent 2016 audit issues

Staff inspection reports revealed 3 areas of greatest concern.

January 1, 2018

AICPA offers advice on public business entity determination

FASB updated the US GAAP definition in 2013.

January 1, 2018

Volunteers recognized for years of service

Twelve AICPA members received the Sustained Contribution Award, which recognizes CPAs who have contributed measurably to the AICPA and the accounting profession through their volunteer service.

January 1, 2018

How data-hosting services affect independence

Taking responsibility for hosting an attest client’s data or records impairs a CPA’s independence, according to a new ethics interpretation.

January 1, 2018

Qualified small employer HRAs get guidance

The IRS answers questions on health reimbursement arrangements, which were reinstated for small employers after PPACA market reform rules generally penalized the popular coverage option.

January 1, 2018

Internet forms: Password-protecting Form 941

How to add password protection to IRS Form 941, Employer’s Quarterly Tax Return.

January 1, 2018

IRS updates special per-diem rates for business travel

New rates are in effect through September 2018.

January 1, 2018

AICPA’s highest award honors outstanding contributions to the profession

George W. Krull Jr. and Bruce Webb received the 2017 Gold Medal Award of Distinction.

January 1, 2018

FinREC releases more revenue recognition working drafts

Broker-dealer and telecommunications issues are addressed.

January 1, 2018

IRS touts progress against taxpayer identity theft

The Security Summit strategy built on 2015 gains, stopping still more fraudulent returns in 2016 and 2017, the Service says.

January 1, 2018

Erroneously claimed single status does not foreclose switching to a joint return

The definition of a ‘separate return’ subject to a Sec. 6013(b) election and its limitations extends only to married-filing-separately status, the Tax Court holds.

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.