- Advocacy update: Testifying on the ERISA audit process (7/2/2019)
The audit process can help employee benefit plan administrators fulfill their fiduciary duties, according to testimony by James Haubrock, CPA, chair of the executive committee of the AICPA Employee Benefit Plan Audit Quality Center.
- Final rules permit truncated TINs on W-2s (7/2/2019)
As part of its effort to reduce identity theft, the IRS issued final rules permitting employers to provide truncated taxpayer identification numbers on Forms W-2, Wage and Tax Statement, they provide to employees.
- GASB proposes changes to Sec. 457 plan reporting (6/28/2019)
GASB proposed new guidance that would clarify the accounting and financial reporting of Internal Revenue Code Sec. 457 deferred compensation plans.
- Get private companies ready for the new revenue standard (6/27/2019)
Private companies are entering the final stretch of their preparations to comply with FASB’s new revenue recognition standard. Here’s how auditors can help their clients with the implementation process.
- FASB proposes narrow-scope changes to credit loss standard (6/27/2019)
FASB proposed changes that are designed to address issues that have arisen for stakeholders implementing the board’s new standard for accounting for credit losses.
- Tax law changes join staffing as a top issue for CPA firms (6/21/2019)
Finding qualified staff was once again most CPA firms’ top concern, according to the 2019 PCPS CPA Firm Top Issues Survey.
- Supreme Court holds North Carolina cannot tax trust (6/21/2019)
The U.S. Supreme Court issued a unanimous decision holding that North Carolina’s attempt to tax a trust based solely on the residence of a beneficiary violates the Due Process Clause of the 14th Amendment.
- Quiz: Can you spot the usage and word errors? (6/20/2019)
This quiz gives you practice in identifying errors in standard grammar and usage with screenshots of material posted online. In the answers, we’ve used terms that you might not have heard beyond English grammar and composition classes.
- SEC addresses auditor independence and the Loan Provision (6/20/2019)
The SEC adopted amendments designed to help identify when an auditor’s lending relationship with an audit client is a threat to the auditor’s objectivity and impartiality.
- Audit evidence standard would be updated under proposal (6/20/2019)
The ASB issued a proposal that would update its audit evidence standard to address issues such as emerging technologies and the application of professional skepticism.
- Advocacy update: Testifying on the ERISA audit process
- Final rules permit truncated TINs on W-2s
- GASB proposes changes to Sec. 457 plan reporting
- Get private companies ready for the new revenue standard
- FASB proposes narrow-scope changes to credit loss standard
- Tax law changes join staffing as a top issue for CPA firms
- Supreme Court holds North Carolina cannot tax trust
- Quiz: Can you spot the usage and word errors?
- SEC addresses auditor independence and the Loan Provision
- Audit evidence standard would be updated under proposal
- Virtual currency not FBAR reportable (at least for now)
- Convergence with international standards sought for SSARSs
- W-2 methods proposed for Sec. 199A(g) deduction by agricultural co-ops
- New GASB guide addresses fiduciary activities
- Final HRA rules permit integration with individual health insurance
- Final rules govern GILTI, Subpart F income, and foreign tax credits
- Develop a coaching culture in your organization
- GASB proposes guidance on PPPs and APAs
- NASBA and AICPA seek input on evolving licensure model
- PEEC updates 2 ethics interpretations
- What tax firms need to know now about technology
- SALT deduction cap rules finalized, safe harbor proposed