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Advocacy update: Testifying on the ERISA audit process

| Journal Of Accountancy | No Comments

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…

Final rules permit truncated TINs on W-2s

| Journal Of Accountancy | No Comments

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…

GASB proposes changes to Sec. 457 plan reporting

| Journal Of Accountancy | No Comments
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

| Journal Of Accountancy | No Comments

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.