Washington DC news

A&A

Update from the Center for Audit Quality, AICPA Governing Council 2011

Kicking off the annual Spring AICPA Council meeting in Washington, D.C., Center for Audit Quality Executive Director Cindy Fornelli gave an update on Center for Audit Quality activities Sunday to a packed house, taking place just a block away from CAQ headquarters.
Tax

Tax amnesty program surprisingly successful in Washington State

Hundreds of businesses that somehow eluded detection by state tax authorities helped boost Washington’s haul from a tax amnesty program that was far more successful than envisioned.
Tax

IRS wants comments on employer provisions of Affordable Care Act

The Treasury Department and IRS have requested public comment on issues relating to the shared responsibility provisions included in the Affordable Care Act.

Ohio accounting students meet fraud expert

The old cliché, "If you want to build a better hen house, ask a fox," rang loud and clear today at The Ohio State University Fisher College of Business.
A&A

SEC announces IFRS roundtable

The Securities and Exchange Commission has announced that it will sponsor a roundtable in July to discuss benefits or challenges in potentially incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. issuers.
Tax

One sixth of Americans will contribute to tax gap for 2010 tax year

On Monday, April 18, at 11:50 pm EDT, the U.S. tax filing deadline passed and estimates show that over 16 percent of Americans will have failed to file their 2010 federal tax returns, report their full income, or pay their full 2010 tax liability.
Tax

IRS commissioner proposes changes to the tax preparation process

Internal Revenue Service Commissioner Douglas Shulman says "looking back" has been the business model of the IRS since its inception in 1862, but dealing with taxpayer issues up-front is where the tax agency should be headed.
A&A

April is Financial Literacy Month; financial fitness programs abound

The end of busy season, when a client's financial position is in clear focus, is the best time to talk about ways to improve their personal and business financial management and results.
Education & Careers

From cell phone expenses to retirement: High school students test their knowledge

It is the rare high school student who can get interested in planning for retirement, but managing cell phone expenses? Now you're talking.
A&A

James Doty: New PCAOB chairman works to increase audit enforcement initiatives

To say that James Doty has had a lot on his plate during his first six weeks as chairman of the Public Company Accounting Oversight Board (PCAOB) would be an understatement.
Community News

Students and professionals join to make a difference in Deloitte's Alternative Spring Break program

Students with a passion for community service, who really want to give back, will experience a different kind of spring break when they join Deloitte professionals as volunteers in underserved communities.
Community News

Company announcements: Week of February 28

Following is the latest roundup of accounting community news for the week of February 28, 2011.
Education & Careers

A new way to attract accounting talent? E&Y might be onto something big

This year, Big Four firm Ernst & Young is taking an unconventional approach to reaching the top talent. That is, it is meeting the students where they "live," online.
A&A

AICPA's Melancon receives Executive of the Year award

Barry Melancon, president and CEO of the American Institute of Certified Public Accountants, this week received the 2011 Association TRENDS Association Executive of the Year award.
Tax

Obama plan would ease state debts through payroll taxes

An Obama administration proposal would ease the debts of states struggling to pay unemployment benefits by increasing the amount of payroll taxes collected from businesses.
Practice

Small business employment index indicates job growth in January

Small business employment continued to show encouraging growth in January, with hours worked showing a strong increase as wages grew slightly, according to a recent survey.
Community News

UT-Austin sweeps annual professors survey; PwC takes top ranking of firms

Public Accounting Report, CCH's independent newsletter of the accounting profession, has published results of its annual survey of accounting professors. UT-Austin swept the college rankings, while PwC took first place in the firm rankings.
Education & Careers

College students compete in PwC xTREME Games

Business students from the University of Illinois last week won the national round of the PwC xACT division for the third consecutive year. The xACT and the xTAX divisions are part of PwC US's xTREME Games, now in its ninth year.
A&A

James Doty to chair SEC accounting oversight board

James Doty, a partner at Washington, D.C.-based law firm Baker Botts LLP who served as general counsel for the SEC in the early 1990s, recently was appointed by SEC chairman Mary Schapiro to lead the agency’s Public Company Accounting Oversight Board.
Tax

Spirited debate ahead for corporate tax reform

As the tax reform debate on Capitol Hill begins, a gulf exists between U.S. companies and the Obama administration on how to overhaul corporate taxes. The White House is reaching out to businesses to work with the administration on rewriting what all agree is an extremely complex tax code.

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