June 2017

June 14, 2017

Association, CPA.com launch ‘Shark Tank’ for startups

The Association and CPA.com Startup Accelerator will provide funding and other support to as many as five early-stage companies that emerge from a competition.

June 13, 2017

Why CPAs need to get a grip on blockchain

The decentralized ledger system may seem confusing, but it also adds up to new opportunities for savvy financial professionals.

June 13, 2017

Furious rush of digital disruption creates opportunities for CPAs to help clients

The demand is increasing for CPA firms to understand how new technologies are affecting clients.

June 13, 2017

Centralized partnership audit rules are reissued in proposed form

The IRS reissued proposed regulations governing the centralized audit rules, which assess and collect tax at the partnership level.

June 12, 2017

How to improve audit planning effectiveness and efficiency

Attention to the right details during planning can save time and enhance audit quality.

June 12, 2017

Cognitive impairment does not necessarily have to derail your clients’ planning

Clients in the early stages of Alzheimer’s disease or dementia may still be able to take part in financial planning. Learn what precautions CPAs need to take when working with these clients.

June 12, 2017

Companies spending more time on SOX compliance

US public companies spent more time in 2016 than in the previous year complying with Sarbanes-Oxley Act regulations, according to a new survey report.

June 12, 2017

Stop behavioral biases from sabotaging your clients’ long-term objectives

Here are some ways CPAs can help prevent their clients from making emotionally driven investing mistakes.

June 9, 2017

IRS provides simplified method to request an extension of time to make a portability election

In a taxpayer-friendly development, the IRS issued guidance permitting certain estates to make a late portability election if they did not make a timely election.

June 8, 2017

News quiz: Keeping workers on the job

See how much you know about recent accounting and tax news.

June 7, 2017

Finance staff general accounting duties level off

After two years of decline, the percentage of company financial staff devoted to general accounting leveled off in 2017.

June 7, 2017

Hedging may get easier under new FASB accounting standard

Accounting obstacles that prevented some organizations from using hedging to manage risks may be eliminated by a standard that received preliminary approval from FASB.

June 7, 2017

IASB interpretation addresses uncertainty in accounting for income taxes

A new interpretation issued by the IASB specifies requirements for how organizations should reflect uncertainty in their accounting for income taxes.

June 5, 2017

Federal court strikes down PTIN fees, upholds PTINs

The D.C. District Court held that the IRS has the authority to require preparers to use preparer tax identification numbers (PTINs) but that it cannot charge fees for issuing PTINs.

June 1, 2017

PCAOB expands auditors’ reporting duties

Auditor’s reports will provide more information to financial statement users under new rules.

June 1, 2017

FinREC issues a dozen revenue recognition working drafts

The AICPA’s FinREC issued 12 working drafts of industry-specific accounting issues.

June 1, 2017

CPAs are positive but keeping an eye on training, wage pressure

The outlook for U.S. finance decision-makers’ businesses remains positive, according to a quarterly survey, which shows some concern about employee costs and availability of workers.

FROM THIS MONTH'S ISSUE

What small firm CPAs need to know

In a new JofA column, the AICPA’s small firm advocate answers questions about making A&A services and peer review more manageable, dealing with frequent tax law changes, and planning for retirement.