Sitemap - News - 2012 - Mar

• Sitemap
• Journal of Accountancy news
• 2012
• March 2012 - Journal of Accountancy

• Some tax-exempt organizations are receiving erroneous penalty notices; relief available
• Court upholds IRS’s denial of college insurance fund’s application for tax exemption
• Audit rotation debated in House subcommittee hearing
• IRS and OECD separately address transfer pricing issues
• Auditor’s reporting model proposal scheduled for third quarter
• TIGTA calls for improvements to IRS volunteer tax prep program database
• Global economic survey, pension accounting discussion coming this week
• Roth IRAs cannot be S corporation shareholders, Ninth Circuit holds
• Repurchase agreements added to FASB’s agenda
• PCAOB panelists say mandatory firm rotation could be harmful, helpful
• Review of FIN 48 isn’t necessary, FASB decides
• Debate continues over auditor independence and audit firm rotation
• IRS suspends repair/capitalization exams pending accounting method changes
• GASB proposes M&A standards for government
• New online search tool makes it easier to find information about exempt organizations
• Proposed regs. would require taxpayers that received EINs to update information
• CPAs prioritize security, unsure how to best leverage new technologies
• FinREC asks FASB, IASB to continue work on revenue proposal
• FBAR and Foreign Financial Reporting Resources
• Private company reporting decision could come in May, FASB chairman says
• Tax Court disallows cost segregation of apartment building components
• IRS issues foreign-targeted bond guidance
• Much-anticipated guidance issued on accounting method changes for repair regs.
• Accounting and finance hiring expected to be flat in Q2
• Finance executives’ outlook on U.S. economy improving, survey shows
• IRS expands “Fresh Start” initiative, provides penalty relief for unemployed
• PCAOB reopens comment period on audit firm rotation concept release
• The look ahead: FASB priorities, IASB investment company standards, and consumer confidence
• FASB adds project to define “nonpublic entity,” as FAF private company decision looms
• Tax Court says limitation on deductible mortgage interest applies to unmarried co-owners
• CEO of FASB’s parent foundation says Senate bill would undermine standard setting
• 2012 automobile depreciation limits released
• COSO explores common judgment traps, lays out five-step decision-making process