A&A news July 2012

A&A

Control Inventory before It Controls You

Mary Ellen Biery, research specialist for Sageworks Inc., offers advice you can share with your merchandizing clients.
A&A

FASB and IASB Not Ready to Agree on Impairment

The FASB, the US accounting body, announced in a joint meeting with the IASB on July 17 that it had not voted to release a joint Exposure Draft on accounting for loan losses.
A&A

Internal Auditors Play Greater Role in Business

Internal audit leaders from top organizations share how they've reshaped the internal audit function to meet new risk and compliance needs.
A&A

Personal Financial Plans: Saving for the Future

The 2012 Household Financial Planning Survey shows that those who have prepared a personal financial plan feel more confident and report more success managing their money, savings, and investments than those who haven’t.
A&A

Using Financial Statements to Improve Cash Flow

Managers will enjoy much greater success if their passion for success is governed by sound financial discipline, which stems from an understanding of their financial statements.
A&A

8 Ways CPAs Violate the AICPA's Ethics Requirements

Why do CPAs violate the Code of Professional Conduct? Gary Zeune, CPA, Managing Director, The Pros & The Cons LLC, shares his insight.
A&A

Best Practices for the Account Reconciliation Process

Account reconciliation is an underappreciated yet critical control to help ensure an organization's financial integrity. Weaknesses and inefficiencies in the reconciliation process often lead to inaccuracies.
A&A

Paul Beswick Named SEC Acting Chief Accountant

SEC Chairperson, Mary Schapiro, has named Paul Beswick acting chief accountant. As such, he is the commission's new principal spokesperson in the debate over whether the United States should switch to IFRS.
A&A

FASB Seeks Input on Disclosure Framework

The FASB has issued the Invitation to Comment, Disclosure Framework, to ask for stakeholder input on ways to improve effectiveness of disclosures in notes to financial statements of public, private, and not-for-profit organizations.
A&A

SOX Has Restored Investors' Confidence

Ernst & Young has released a report - "The Sarbanes-Oxley Act at 10" - that considers the legislation, discusses what it was designed to do, and analyzes its impact.
A&A

Health Care Law Decision - Uncertainty for Employers

Now that the U.S. Supreme Court has answered the biggest question related to President Obama's health care law, employers now face the uncertainties of implementing it.
A&A

CPAs Examine Impact of Health Care Decision

The Supreme Court ruled to uphold much of the PPACA, which puts in motion the expansion of the health care system, including the individual mandate requiring all U.S. citizens to maintain minimum health care coverage or pay a penalty.
A&A

NFCC Poll Reveals Top Financial Regrets

The recent National Foundation for Credit Counseling online poll allowed consumers to select their greatest financial regret. Of more than 2,200 respondents, 53 percent indicated that habitually overspending was what they most regret.

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