Tax, accounting, auditing news - Journal of Accountancy

August 30, 2017

New scams target accounting job seekers

Scammers are trying to obtain the job seekers’ personal and banking information, and in some cases, a cash payment.

August 30, 2017

What PCAOB inspectors are looking for

PCAOB inspectors will focus on several key areas during 2017, including compliance with new audit transparency rules and preparation for new accounting standards.

August 30, 2017

College accounting enrollment continues at historic pace

College and university accounting programs maintained their historic enrollment pace in 2015–2016, according to a new AICPA survey.

August 29, 2017

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.

August 28, 2017

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.

August 28, 2017

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.

August 23, 2017

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.

August 18, 2017

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.

August 17, 2017

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.

August 3, 2017

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.

August 3, 2017

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.

August 3, 2017

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.

August 2, 2017

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.

August 1, 2017

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.

August 1, 2017

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.

July 31, 2017

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.

July 28, 2017

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.

July 27, 2017

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).

July 26, 2017

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.

July 26, 2017

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.