The award, established in 1923, recognizes outstanding performance across all four sections of the Uniform CPA Examination.
NEWS
Ukraine aid eligible for leave-based donations programs
Employees may exclude from gross income the value of leave donated to their employers funding payments to relieve victims of the Russian invasion of Ukraine.
Tax equity research lacks demographic data, GAO reports
The US Government Accountability Office found disparities in the distribution of some tax items, but notes impediments to knowing taxpayers’ race, ethnicity, and sex.
Resources to get you ready for your next conference
Simple tasks like downloading the conference app, choosing the sessions you want to attend, reviewing the attendee list to locate colleagues, and becoming familiar with vendors in the expo hall will help you get the most out of the event.
House subcommittee queries audit rates, IRS resources
Officials from the IRS and the US Government Accountability Office address legislators’ questions on taxpayer service and enforcement across income levels.
IRS audit rates decreased most for wealthy, GAO finds
In a study, the US Government Accountability Office finds that the IRS’s individual tax audit rates decreased by 72% during 2010–2019, and by a greater percentage for higher-income taxpayers than for lower-income ones.
IRS blames old tech in destruction of information returns
The IRS responds to a report by the Treasury Inspector General for Tax Administration that pointed to the March 2021 incident as one example demonstrating a need for the Service to increase e-filing options.
5 steps to managing client expectations
Great relationships with clients can be achieved and maintained by proactive communication practices.
New quality management standards approved by AICPA Auditing Standards Board
The new standards represent a significant change in how CPA firms will approach audit and assurance quality in the future.
What every CPA should know about disrupted supply chains
Build your supply chain knowledge by networking and tracking the news.
Building a tax-efficient retirement income plan for clients
For retirees, effective tax planning requires taking a long view and spending down assets from a variety of sources each year.
FASAB seeks input on proposed amendments related to leases
The FASAB proposed changes intended to clarify the application of lessee and lessor discounting requirements.
GASB addresses range of practice issues in statement
In an omnibus statement, the GASB issued guidance and clarifications on numerous accounting and financial reporting issues.
How to be a trailblazer for women in the profession
Anna Mok, CPA, shares advice for women in accounting, in preparation for the panel session “AmplifiHER: Inspirational Women Breaking Ceilings and Stereotypes in the Profession” at the upcoming AICPA & CIMA ENGAGE conference.
TQAs provide guidance on auditor reporting of other information included in annual reports
The Technical Questions and Answers address auditor reporting when the entity issues its annual report subsequent to its financial statements.
TIGTA: IRS should work to expand e-filing
The Treasury Inspector General for Tax Administration finds a lack of coordinated effort across the IRS to fulfill opportunities for wider electronic return filing.
US sanctions ban provision of accounting, consulting services to Russia
Sanctions in response to the war in Ukraine include a ban on accounting and management consulting services, according to government statements issued Monday.
SEC extends comment period on climate-related disclosure proposal
The SEC announced an extension in the public comment period for its proposal on climate-related disclosure requirements.
Procedures for Puerto Rico residents to claim a 2021 child tax credit
The IRS provides two simplified filing methods for bona fide residents of Puerto Rico to claim the child tax credit.
Accounting for employee retention credits
Companies that received financial assistance during the pandemic have questions about which standards to apply related to accounting for the ERC.
Features
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