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  • 2012
  • August 2012
  • Auditing Standards Board issues Statement on Auditing Standards No. 126
  • Four steps to formalize internal audit’s strategic impact
  • Most U.S. small businesses lack disaster-recovery plans
  • FAF reviewing FASB business combinations standard
  • PCAOB gives audit committees guidance on inspections of audit firms
  • TIGTA recommends steps for IRS to reduce fraudulent refunds from identity theft
  • Protect “crown jewels” by integrating risk management into strategy
  • Draft of not-for-profit guide scheduled for Aug. 15 release
  • Guidance provided on health care accounting for ICD-10 implementation costs
  • Guidance examines how to respond to questions about clients’ loan applications
  • Notice permits charitable contributions to single-member LLCs
  • ASB to vote on whether to propose amendments to two clarified auditing standards
  • Fraud convicts cannot argue in Tax Court that payments did not result from fraud
  • Many parents failing to educate children about money
  • TIGTA: IRS encourages employees to ignore ITIN fraud
  • Impairment of financial instruments on FASB meeting agenda
  • SEC considers rules that pit human rights groups against business interests
  • The week ahead: PCAOB considers audit committee communications standard
  • Accountants: What it takes to start your own business
  • AICPA releases draft of proposed not-for-profit guide
  • PwC: Internal audit has to play a more substantial role in information security
  • Removal of two-year limit on innocent spouse claims does not revive taxpayer’s case
  • PCAOB adopts rules on communication between audit committees, external auditors
  • Corporation cannot deduct California business privilege tax in year paid
  • FASB proposes presenting amounts reclassified out of accumulated OCI
  • ASB seeking feedback specific to U.S. auditor’s reports
  • Sense of direction is critical to employee satisfaction
  • Draft Form 706 provides check box to not elect portability
  • IRS announces the end of tiered issues
  • IRS Chief Counsel’s office issues advice on identity theft returns
  • Federal law preempts Alabama statute denying tax deduction for illegal alien employees
  • Proposed amendments clear way for audits of SME Framework financial statements
  • Highly scrutinized SEC conflict mineral regs. include new audit requirement
  • Canadian economic optimism drops based on U.S., European woes
  • AICPA provides guidance on FSA certification letters
  • Comment deadlines extended on proposed professional standard revisions
  • IRS changes stance on application of Sec. 6662 penalty to frozen refundable credits
  • IRS launches redesigned website; temporarily takes down some services
  • FASB takes new path in contentious financial instruments project
  • FASB releases proposed 2013 U.S. GAAP taxonomy for comment
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