A&A news

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.
A&A

Bramwell’s Lunch Beat: Meet the Treasury’s Inversions Point Man

The menu for August 22 features specials on PCAOB’s struggles with conflicts in audits, settlement forces Bank of America to set aside borrower tax relief, one accountant’s daily routine, and more.
A&A

Study Highlights Corporate Compliance Issues

When it comes to regulatory compliance and other key issues, the vast majority of companies are not operating at their highest financial planning and analysis potential, according to new report.
A&A

FASB Share-Based Payment Rule Gets Mostly Positive Review

However, private company stakeholders told a Financial Accounting Foundation review team that the 2004 accounting standard is sometimes difficult to understand and is costly to apply.
A&A

New SEC Initiative Examines Municipal Advisor Compliance

Launched earlier this week, the examination initiative will enable the SEC Office of Compliance Inspections and Examinations to evaluate whether municipal advisors are complying with new agency rules that went into effect on July 1.
A&A

FASB Gets into the Cloud Game

GAAP addresses accounting principles for cloud service providers, but there is no specific guidance for a customer's accounting of fees paid to the provider. Proposed guidance would change that.
A&A

Bramwell’s Lunch Beat: Quite the Guarantee Offered to Davenport University Accounting Students

The menu for August 21 features specials on ALS Ice Bucket Challenge charitable donations, Bank of America settles, Rep. Paul Ryan backs cut to mortgage tax break, and more.
A&A

PCAOB Seeks Input on Auditing Accounting Estimates, Fair Value Measurements

The US audit regulator on Tuesday issued for public comment a staff consultation paper on possible standard-setting activities related to those areas. Comments are sought by November 3.
A&A

Bramwell’s Lunch Beat: Medical Device Tax Revenue Falls Short

The menu for August 20 features specials on Hertz withdraws full-year forecast due to accounting errors and operational challenges, botched forecast cost Walgreen CFO his job, Alaska oil tax repeal ballot measure losing, and more.
A&A

Bramwell’s Lunch Beat: PCAOB Rule on ID’ing Lead Audit Partner Coming Soon

The menu for August 19 features specials on Treasury prepares inversion options, H&R Block launches small business accounting services, AICPA membership eclipses 400,000 mark, 2014 AICPA Accounting Competition begins, and more.
A&A

Auditing Special Purpose Frameworks: Auditing Accounts Receivable—Part 2

This article will focus on relevant financial statement assertions for accounts receivable and the impact of risk of material misstatement (RMM) on specific auditing procedures.
A&A

PCAOB: Deficiencies Continued in 2013 Broker-Dealer Audits

Seventy-one of 90 broker-dealer audits inspected by the PCAOB in 2013 were found to have audit deficiencies or audit-independence issues, according to a new report released on Monday. Deficiencies were also found in 56 of 60 firms that conducted broker-dealer audits.
A&A

Bramwell’s Lunch Beat: New York Levies Penalties Against PwC

The menu for August 18 features specials on Joe Echevarria is stepping down as Deloitte CEO, state tax revenues declined in Q1 for the first time in four years, holding auditors blameless, and more.
A&A

Bramwell’s Lunch Beat: Mmmm, Craft Beer. Mmmm, Tax Breaks.

The menu for August 15 features specials on Alibaba Pictures delays results on possible accounting errors, Wyden hopes for September bipartisan anti-inversion legislation, Atlanta accountant charged by SEC with insider trading, and more.
A&A

Bramwell’s Lunch Beat: IASB’s Mackintosh Thinks Adopting IFRS is the Only Way to Go

The menu for August 14 features specials on FTC to refund customers of American Tax Relief, Senate Dems push plan to curb inversions, Obama will keep cash from donors who profited from overseas tax deals, and more.
A&A

Auditing Special Purpose Frameworks: Auditing Accounts Receivable

You must know the maximum required procedures for auditing accounts receivable and how to perform only the procedures required for each engagement based on the assessed levels of RMM.
A&A

Bramwell’s Lunch Beat: Canadian Government Sued Over FATCA Deal with US

The menu for August 13 features specials on EY seeks affirmation on Lehman accounting decision, some of Obama’s biggest donors are also behind inversion deals, top issues facing young CPAs, IMA has had a stellar FY 2014, and more.

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