Test your knowledge of recent news with this short quiz.
The IRS should provide a simplified adjustment procedure for partnership audits, the AICPA recommended in a letter to the IRS Chief Counsel’s Office.
A new FASAB proposal is designed to promote consistency in the accounting treatment and reporting for land holdings while considering the information needs of financial statement users.
The working draft of an Accounting and Valuation Guide issued by the AICPA provides guidance on the accounting for and valuation of portfolio company investments of venture capital and private-equity funds and other investment companies.
Just 35% of Americans said they had delayed a major life event for financial reasons, compared with 51% in 2015, according to an AICPA survey.
The IRS issued the inflation-adjusted contribution limits for 2019 for health savings accounts.
The IRS issued updated procedures for automatic accounting method changes. The new rules generally apply to changes on or after May 9, 2018.
Take this five-question quiz to gauge your understanding of how to assess and respond to risk during an engagement.
A new international Code of Ethics for professional accountants contains new guidance on safeguards, cooling-off periods, and other important issues.
FASB superseded outdated accounting guidance related to a Banking Circular that has been rescinded by the Officer of the Comptroller of the Currency.
The IRS urged small businesses to be wary of a growing amount of identity theft attempts aimed at employers and small businesses in general, and partnerships and trusts and estates.
The AICPA FinREC published working drafts addressing revenue recognition issues in the gaming and telecommunications industries.
The IRS announced it will allow taxpayers to treat $6,900 as the 2018 limit for deductible contributions to HSAs for individuals with family coverage.
FASB wants to clarify the interaction between GAAP for collaborative arrangements and the board’s new revenue recognition standard.
Despite recent stock market volatility, the AICPA’s Personal Financial Satisfaction Index (PFSi) reached a record high in the first quarter of 2018.
New Financial Accounting Standards Board rules that took effect this year have ushered in a number of changes to not-for-profit accounting. This quiz tests your knowledge in this specialized area.
Auditors of insured depository institutions need to educate themselves and their staffs about independence rules that apply to these engagements.
Thanks to numerous technological advances, many routine accounting and finance tasks are likely to be automated in the near future.
The changing of a 35-year-old practice involving Treasury regulations was among the news reported on the JofA online recently. Other reports dealt with identity theft and data breaches, innovation and risk management, and changing accounting standards. See how much you know about the news with this short quiz.
Having too large a tax refund, or having to pay too much in taxes, can be a sign that your financial plan needs revising.