A&A news

A&A

CMA Holders’ Average Salary Increased Slightly in 2013

Accounting and finance professionals with a CMA credential reported an average annual salary of $115,952 in 2013, up from $115,290 reported in 2012, according to a survey released on Thursday by the Institute of Management Accountants.
A&A

Current Issues Affecting Compilation and Review Engagements

This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
A&A

Bramwell’s Lunch Beat: The Most Annoying Business Buzzwords

The menu for September 5 features specials on DC appeals court to rehear Obamacare tax subsidies case, IRS slow in processing complaints against tax return preparers, Francine McKenna’s take on Andersen brand revival, and more.
A&A

CPA Executives Have a Positive Outlook on Hiring: AICPA Study

According to the AICPA's third quarter 2014 "Business and Industry US Economic Outlook Survey," released on Thursday, hiring is expected to increase by 20 percent in the coming year, up from 17 percent last quarter and 13 percent at the end of 2013.
A&A

Bramwell’s Lunch Beat: Andersen Tax Looks to Rebuild Tainted Brand

The menu for September 4 features specials on proposed lease accounting rules could trip up bank loans, how AstraZeneca turned to Washington to fend off Pfizer’s inversion plan, Hospira/Danone inversion talks on hold, and more.
A&A

ParenteBeard and Baker Tilly Virchow Krause Join Forces

The combined firm, which will keep the Baker Tilly Virchow Krause name, will employ approximately 2,500 professionals across 29 cities in the United States, with total annual revenue of $475 million. The merger becomes effective Oct. 1.
A&A

Bramwell’s Lunch Beat: Free Lunch? The IRS Won’t Put Up With It

The menu for September 3 features specials on PwC’s role at Standard Chartered under microscope, experts say BK deal will definitely reduce burger chain’s taxes, Colorado’s missing pot taxes, and more.
A&A

Revised CPA Exam Is Expected to Launch in 2017

The AICPA is asking the accounting profession for its feedback on potential changes to the exam that are being considered as part of a practice analysis. The comment period began on Tuesday and runs through December 2.
A&A

Auditing Special Purpose Frameworks: Auditing Inventories—Part 2

As RMM increases, more and better evidence is needed to evaluate financial statement assertions. Possible effects of high and low risk are outlined in this article.
A&A

Bramwell’s Lunch Beat: Arthur Andersen Name Is Making a Comeback

The menu for September 2 features specials on Treasury secretary to speak on tax reform and inversions next week, public pension funds stay quiet on inversions, some Swiss banks pull out of US tax program, and more.
A&A

Comment Period Opens for Proposed 2015 GAAP Taxonomy

Interested individuals have until October 31 to provide comments to the FASB about the taxonomy, which is a list of computer-readable financial reporting labels coded in XBRL.
A&A

Bramwell’s Lunch Beat: Could BK Deal Put Buffett and Obama at Odds?

The menu for August 29 features specials on EY audit deficiency rate was 49% in 2013, hedge funds look for clues on Treasury’s inversion crackdown, SEC issues whistleblower award, and more.
A&A

Bramwell’s Lunch Beat: FASB Puts Onus on Management for Going Concern Disclosures

The menu for August 28 features specials on MF Global lawsuit against PwC will go to trial, CAQ releases new judgment tool for auditors, KPMG faces criticism for Espírito Santo audit work, and more.
A&A

Bramwell’s Lunch Beat: Inventory Surfaces as Top Accounting Issue

The menu for August 27 features specials on seven US companies whose effective tax rates are shrinking, CFOs running the numbers on inversion, GOP Senate candidate calls for gas tax reduction, and more.
A&A

Auditing Special Purpose Frameworks: Auditing Inventories

Determining inventory quantities and values is an important management responsibility for the FRF for SMEs. There is, however, a difference from U.S. GAAP in some situations.
A&A

James Schnurr is the New Chief Accountant at the SEC

A former partner and vice chairman with Deloitte LLP, Schnurr, who recently retired from the firm, will head the SEC's Office of the Chief Accountant. He begins his new post in October.
A&A

Bramwell’s Lunch Beat: Burger King’s Whopper of a Deal

The menu for August 26 features specials on two top House Republicans profited from inversion deal, GOP charges IRS with conflict of interest, judge questions shareholder deal in HP/Autonomy accounting fraud case, and more.
A&A

SEC Cracks Down on the Golf Course

Summer is a time for kicking back and playing a few round of golf with friends, for example. But if you're on the green, you'd better be careful: The SEC may be looking over your shoulder.
A&A

Issues Persist With GASB Standard on Impairment of Capital Assets

A review team recently concluded that accounting guidance for governments on capital asset impairments and insurance recoveries does provide pertinent information to financial statement users but does not resolve all issues underlying its purpose.
A&A

Bramwell’s Lunch Beat: Is an Inversion Next on Burger King’s Menu?

The menu for August 25 features specials on the specter of Ronald Reagan’s tax cuts is haunting Republicans, a tax-avoidance strategy not as scrutinized as inversions, now’s the time to open a charitable-gift fund, and more.

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