Using Big Data to inform business decisions can give organizations an edge over their competitors, IBM Vice President Paul Zikopoulos said at the AICPA spring Council meeting.
Advertisement
NEWS
Succession issues likely to fuel urgency around retention of women CPAs
With leaders from the Baby Boomer generation retiring, the CPA profession is looking for new leaders to step forward.
How CPA firms can evolve for continued success
Technology, specialization, succession issues and other factors are combining to change the marketplace for CPA firms.
CPAs helping guide tax administration and affecting tax policy
As it works through a long list of priorities and plans for its “future state,” the IRS should look to CPAs, who based on their experience can provide a unique viewpoint.
Proposed rule addresses finance execs’ risks, rewards
A proposal issued jointly by six federal agencies would prohibit executives and employees of financial institutions from taking inappropriate risks.
Why the power of data is in the analysis
Timely use of data can help organizations improve decision-making. But the human element remains an important part in harnessing the power of data analytics.
Be vigilant about cybersecurity, warns former FBI agent
Chris Tarbell led FBI investigations that resulted in multiple high-profile cybercrime arrests. He shared his tips for cybersecurity during a presentation at the AICPA spring Council meeting.
FASB proposes simplifying goodwill impairment testing
FASB issued a proposal that would simplify goodwill impairment testing. The board proposed removing Step 2 from the goodwill impairment test.
Half of American families with student loan debt delay saving for retirement
Channeling money into a retirement fund in your 20s and 30s can pay big dividends when it’s time to stop working. But a new AICPA poll finds student loan debt is increasingly weighing on adults in the United States.
PCAOB refines auditor’s reporting model proposal
The PCAOB voted to propose revised changes to a standard that would modify the auditor’s reporting model to give investors more information.
SEC approves PCAOB rule for naming engagement partner
Audit firms will be required to disclose the name of the engagement partner and information about other firms participating in audits under a PCAOB rule that was approved by the SEC.
FASB makes additional revenue recognition clarifications
FASB issued a third round of clarifications to its revenue recognition standard on Monday, focusing on narrow-scope changes and practical expedients.
How to find time to study for the CPA exam
Here are some time management tips from accountants who recently passed the exam.
PCAOB considers changing focus of inspections
The PCAOB is considering changes in its inspections program as a result of improvements in audit quality and firms’ systems of quality control, PCAOB board member Jeanette Franzel said Thursday.
Revenue judgments must be well-reasoned, SEC’s Bricker says
Financial statement preparers should make sure their judgments on revenue recognition are well-reasoned as they implement new accounting standards, SEC Deputy Chief Accountant Wesley Bricker said Thursday.
FASB proposes changes to statement of cash flows
FASB issued a proposal that is designed to eliminate diversity in the classification and presentation of changes in restricted cash on the statement of cash flows.
IRS releases 2017 health savings account limits
The IRS issued the inflation-adjusted figures for calendar year 2017 for the annual contribution limits for health savings accounts.
New guidance issued for federal public-private partnership disclosures
Federal agencies will be required to present disclosures about public-private partnerships in their general-purpose financial statements under new guidance issued by the FASAB.
That’s inflation: Kids’ allowances rise 16% in 2016
Kids do about six hours of chores a week to earn their allowances, which average $67.80 a month.
FASB to draft final standard on credit losses
FASB voted to draft a standard that will require an expected-loss approach for reporting of credit losses on loans and other financial assets rather than an incurred-loss approach.
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.
From The Tax Adviser
July 31, 2026
Current developments in S corporations
July 31, 2026
