PCAOB revises proposal on supervision of other auditors

The PCAOB has revised a proposal that would create a more uniform approach to a lead auditor’s supervision of other auditors from other audit firms.

Combining efforts around advocacy for women CPAs

Advocacy for women in the accounting profession continues to progress as the American Woman’s Society of CPAs transfers its name and intellectual property to the American Institute of CPAs.

IRS updates special per-diem rates for business travel

The IRS issued its annual updates of per-diem rates for use in substantiating expenses when traveling away from home on or after Oct. 1.

FASB proposes clarifying land easements guidance in leases standard

FASB issued a proposal that would clarify how its new leases standard should be applied to land easements.

FASAB establishes concepts for federal agencies’ financial reporting

The Federal Accounting Standards Advisory Board issued a new statement that establishes foundational concepts for federal agencies’ financial reporting.

CPAs satisfied as average salary tops six figures

CPAs based in the US are largely content with their salaries and expect to be earning more within the next year, according to a new survey by the Association of International Certified Professional Accountants.

IRS to rule on tax-free stock distributions

The IRS is introducing an 18-month pilot program under which it will once again issue letter rulings concerning the general income tax effects of stock distributions under Sec. 355.

What’s next for FASB

FASB voted to work on developing accounting rules to address areas of distinguishing liabilities and equity, financial performance reporting, and segment reporting.

FASB proposes reorganizing consolidation guidance

Amid concerns that financial reporting guidance for consolidation is difficult to understand and navigate, FASB proposed a reorganization of the rules.

Hurricane Irma victims get IRS reprieve

Acting quickly in the wake of Hurricane Irma, the IRS gave filing and payment extensions to hurricane victims in 16 counties in Florida, all of St. John and St. Thomas in the U.S. Virgin Islands, and four municipalities in Puerto Rico.

Rules would allow truncated taxpayer IDs on Forms W-2

In an effort to reduce identity theft, the IRS issued proposed regulations that would permit employers to use truncated taxpayer identification numbers (TTINs) on Forms W-2, Wage and Tax Statement.

How much do you know about Medicare?

As more of your clients face health care decisions, how much do you know about this program and how it affects your clients’ financial situations?

Proposed omnibus SSARS addresses international reporting issues

A proposed omnibus SSARS proposes new requirements and guidance that address international reporting issues for compilations and reviews.

Quiz: Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our quiz.

10 things to know about Apple’s new iPhone X

Apple unveiled its new iPhone X with a nearly $1,000 price tag. Is the new iPhone a grand improvement? Here’s a look at 10 features you should know about.

IASB proposes changes around accounting policies and estimates

An IASB exposure draft seeks to clarify the distinction between accounting estimates and accounting policies.

Updated COSO ERM framework ties in risk with strategy

The update of the 2004 framework highlights the importance of enterprise-wide risk management in strategic planning.

FASB releases proposed 2018 reporting taxonomies

The proposed 2018 GAAP Financial Reporting Taxonomy and the proposed 2018 Shared Reporting Taxonomy were released for public comment by FASB.

How accounting employers can recruit and keep good people

Here’s what employers need to do to hire and retain good employees, and what candidates need to do to land a position in a competitive talent market.

Proposal would pave the way for a new attestation service

A proposal by the AICPA's ARSC would result in flexibility for practitioners performing and reporting on a procedures and findings service.