President signs tax overhaul into law
President Donald Trump signed H.R. 1, the Tax Cuts and Jobs Act legislation, thereby making it law.
2017 news
How closely did you follow accounting news in 2017?
The accounting profession experienced a substantial amount of change in 2017. Did you keep up with the biggest news? Take this quiz and find out.
How tax overhaul would change business taxes
The tax reform bill that Congress is expected to vote on this week contains numerous changes that will affect businesses large and small.
What the tax reform bill means for individuals
The tax reform legislation that Congress will consider this week contains many provisions affecting individuals—and many changes from both the House and Senate bills.
Congress passes tax reform
The House of Representatives reapproved tax reform legislation on Wednesday, sending the bill to President Donald Trump for his signature.
Senate passes tax reform bill; House must revote
The Senate voted early today in favor of the Tax Cuts and Jobs Act, H.R. 1, which the House of Representatives had approved Tuesday.
GASB issues OPEB implementation guide
GASB issued a guide that addresses questions and answers about the new state and local government standard for other postemployment benefits.
Keep pets from chewing a hole in your budget
Seventy-six percent of pet owners would make a financial sacrifice to rescue a pet from a health crisis, an AICPA survey found.
Conference committee approves tax reform legislation
House and Senate conferees agreed to legislative language of a tax reform bill that is expected to be voted on by Congress next week.
New working draft discusses revenue recognition issue for broker-dealers
The AICPA issued a new working draft that discusses helpful considerations for broker-dealers implementing FASB’s new revenue recognition standard.
Proposed federal standard designed to protect classified information
The FASAB issued a proposal that’s designed to protect national security information from being disclosed in publicly issued financial reporting by federal agencies.
IRS issues 2018 standard mileage rates
The IRS issued the standard mileage rates for business, medical and moving expenses incurred in 2018.
A 2017 federal tax deduction for prepaying anticipated 2018 state income taxes? Not likely!
In anticipation of the possible elimination or reduction of the state and local income tax deduction, some are suggesting that taxpayers should prepay their 2018 state taxes in 2017. Here’s why that probably won’t work.
PCAOB gets new chairman, complete new board membership
William Duhnke will chair the Public Company Accounting Oversight Board, and will be joined by board members J. Robert Brown, Kathleen Hamm, James Kaiser, and Duane DesParte.
Using audit data analytics in performing a risk assessment procedure
In this excerpt from the AICPA’s new Guide to Audit Data Analytics, learn how to apply the techniques to a risk assessment procedure.
GASB proposals address capitalization of interest costs, implementation
GASB issued separate proposals on capitalization of interest costs and an upcoming guide to implementing recent pronouncements.
US finance executives strongly positive about 2018
Economic optimism in a quarterly survey has reached new heights. Find out why US finance decision-makers feel good about the coming year.
How firms can continue to improve audit quality
PCAOB member Jeanette Franzel is calling for audit firms to dedicate additional resources to ensure high-quality audits.
Audit committee considerations for the PCAOB’s new audit report
A new Center for Audit Quality tool provides audit committees with important considerations related to the new auditor’s report.
How CPAs can prepare for auditing in the future
Recent leaps in artificial intelligence and machine learning might pale compared to what lies just ahead. Here’s how auditors can embrace the changes.
