College and university accounting programs maintained their historic enrollment pace in 2015–2016, according to a new AICPA survey.
NEWS
Hurricane Harvey victims have more time to file tax returns and pay tax
The relief includes an extension of time to file certain individual and business tax returns and make certain tax payments.
Rulemaking gives auditors a chance to provide more insight
An upcoming Auditing Standards Board proposal is the latest example of a standard setter providing a mechanism for auditors to provide more value.
New FASB standard aims to simplify hedge accounting
Accounting rules for hedging are designed to be better aligned with a company’s risk management activities under a new standard issued by FASB.
SEC conforms staff guidance to new FASB revenue recognition rules
The SEC has issued a staff accounting bulletin to bring its existing guidance into conformity with FASB’s new revenue recognition standard.
PCAOB urges improvement in broker and dealer audits
The PCAOB is urging audit firms to take steps to bring about higher quality in audits of brokers and dealers, according to a report issued Friday.
Quiz: 8 sentences to help you master subject-verb agreement
When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.
FASB proposes changes to grant and contribution accounting
New rules proposed by FASB are designed to make it easier for organizations to decide if a transaction should be accounted for as a contribution or exchange.
Why lease accounting laggards face serious risks
Here’s what organizations need to consider as they implement the new FASB rules—and why it’s smart to start that work promptly.
News quiz: Behind a rise in personal financial well-being
The AICPA’s measure of financial pleasure versus financial pain continued to show that Americans’ well-being was on the rise.
How to comply with the new AICPA ethics standards for M&A
New AICPA ethics standards address independence, confidentiality, and transfer of client files related to mergers and acquisitions.
How well do you know audit documentation requirements?
Noncompliance with the Audit Documentation standard is the most common cause of material nonconformity in audits. Take this quiz to find out how well you understand what is required.
AICPA issues working drafts for 3 revenue recognition issues
The AICPA is seeking comment on issues to be included in its guide for implementation of FASB’s new revenue recognition standard.
Tactics for driving quality in a single audit
Engagement partner expertise and firm specialization are among the factors that correlate with quality performance in a single audit.
Tips from a not-for-profit standard early adopter
Not-for-profits face their most significant financial reporting changes in more than 20 years as they implement FASB’s new standard.
Americans’ financial well-being reaches its highest level in 10 years
The financial standing of the average American reached its highest levels in more than 10 years in the second quarter of 2017, according to the AICPA’s Personal Financial Satisfaction Index (PFSi).
AICPA issues TQAs on use of inappropriate accounting standards
The AICPA issued technical questions and answers that address reporting on financial statements developed using an inappropriate set of standards.
ASB issues standard for auditors involved with exempt offering documents
Auditors involved with exempt offering documents will be subject to new requirements under Statement on Auditing Standards No. 133, which the Auditing Standards Board issued.
IRS moves for stay of PTIN fee injunction
If granted, the stay would allow the IRS to charge the fees while it decides whether to appeal the district court decision that struck down the fees and, if it does appeal, during the appeal itself.
IRS pilots Appeals videoconference service
The IRS Office of Appeals announced that on Aug. 1 it will begin offering taxpayers and their representatives a new web-based virtual conference option for taxpayer conferences.
Features
FROM THIS MONTH'S ISSUE
Right-sizing risk management
Sole practitioner or small firm? Risk management doesn’t have to be “one size fits all.” Learn how to help protect your practice without adding unnecessary admin time.
