2019 - Page 9 of 17 - Journal of Accountancy

The magazines

July 1, 2019

5 missteps to avoid when evaluating internal controls

An understanding of a client’s controls is essential for determining the extent of testing necessary for completion of a successful audit.

July 1, 2019

Polley steps down as head of FAF

High-profile standards were completed during the CEO’s tenure.

July 1, 2019

How to quickly replace ‘misspelled’ words in Excel

Instead of pressing the Change button for each misspelled word in the document, you can correct all of your misspelled cities as larger blocks of corrections.

July 1, 2019

SEC addresses ICFR attestation for smaller companies

Commission also proposes changes for disclosures on acquisitions and disposals.

July 1, 2019

Infographic: Mapping a path forward after Wayfair

CPAs should educate themselves and their clients on the current nexus standard for sales taxes.

July 1, 2019

Q&A discusses ‘direct care’ expenses for collections

A Technical Question and Answer issued by the AICPA discusses the characteristics of expenses that would be considered “direct care of existing collections” under a new FASB standard that updates the definition of “collections.”

July 1, 2019

Succeeding at sponsorship

Following these best practices can help firms create programs that prepare the next generation of leaders and retain the best people.

July 1, 2019

Lease accounting: A private company perspective

As they implement FASB’s new lease accounting rules, private companies and not-for-profits may be surprised by the complexity of the transition and the effects on the financial statements.

July 1, 2019

ASB enhances communication in auditors’ reports

The AICPA Auditing Standards Board issued standards that are designed to improve auditors’ ability to communicate in auditors’ reports and align generally accepted auditing standards with those of other standard-setting bodies.

July 1, 2019

Line items

EIN applicants now limited to holders of SSNs and ITINs … Pro sports trades get safe harbor … More prop. regs. issued on opportunity zone funds

July 1, 2019

Syncing settings and data on multiple Windows 10 PCs

Windows 10 allows you to sync your Windows settings and data files across multiple computers so that changes made on one computer automatically update all your computers.

July 1, 2019

Ask the expert: Cybersecurity

CPAs possess clients’ most sensitive personal and financial details, so it’s no surprise they’ve become prime hacking targets. Dustin Hall, a cybersecurity expert and director of CPACharge, recommends the following security tips to CPAs.

July 1, 2019

A quick tip for breaking links in Excel

This action will remove all links from your workbook but leave your formulas intact so your recipients can still edit the data to produce “what-if ” scenarios for deeper analysis.

July 1, 2019

FASB proposes simplifying accounting for income taxes

The changes would remove various exceptions to general principles.

July 1, 2019

S corp. expenses not personally deductible by shareholder as a sole proprietor

A district court denies a taxpayer’s refund claim.

July 1, 2019

Sheryl Madden, CPA, CGMA

Sheryl Madden, CPA, CGMA, the deputy CFO and controller at The Kresge Foundation in Troy, Mich., says that effective leaders focus on serving others and encouraging them to set goals that bring about positive change.

July 1, 2019

Tax Court denies microcaptive insurance arrangement

Entities were not insurance companies and did not provide insurance in the commonly accepted sense, the court holds.

July 1, 2019

Why patience is important with AI

In Part 2 of our annual accounting technology roundtable, our experts explore aspects of artificial intelligence, including what CPAs can realistically expect from initial AI implementations.

July 1, 2019

Highlights of internal audit research

Academic research reveals perceptions of the internal auditing function, ways to reduce audit delays, how small businesses use continuous auditing technology, and more.

July 1, 2019

Broadened definition of Sec. 152 dependents

The Tax Cuts and Jobs Act of 2017 greatly increased the availability of the child tax credit. Find out the definition of dependent for those purposes and for taking advantage of “surviving spouse” status.