A&A news

A&A

Starting Salary for 2014 Accounting Grads Is $52,900: Report

The average starting salary for students graduating this year with a business major – including accounting – has declined slightly over the last year, according to the latest salary survey from the National Association of Colleges and Employers.
A&A

Bramwell’s Lunch Beat: Highway Fund’s Rocky Road Ahead

The menu for May 5 features specials on BofA shareholder meeting this week could be subdued, IRS challenging Caterpillar overseas parts deals, Swiss to US: treat our banks fairly in tax probe, and more.
A&A

Xero, H&R Block Form New Partnership

The small business online accounting platform from Xero will now be the preferred core software used in H&R Block’s Small Business Program suite of services, the two firms announced last week as part of a new strategic alliance.
A&A

Bramwell’s Lunch Beat: Lack of Accounting Queries Stumps SEC

The menu for May 2 features specials on the tax extenders really ARE tax cuts, AstraZeneca nixes new Pfizer bid, revenue recognition crunch time, PCAOB looking to fill Standing Advisory Group terms, and more.
A&A

AICPA Issues 3 Audit Interpretations on Pension Standards

The interpretive guidance is intended to assist both plan and employer auditors who are auditing state and local government entities that have implemented recent GASB pension accounting standards.
A&A

Bramwell’s Lunch Beat: SASB Adds Heavy Hitters to Its Board

The menu for May 1 features specials on bills rolling out to stop IRS bonuses to delinquent workers, IRS chief addressing US companies’ offshore tax deals, CFOs bracing for new revenue recognition standard, and more.
A&A

Auditing Special Purpose Frameworks: Internal Control Basics

Professional standards require an auditor to obtain an understanding of a client's business and industry, including its internal control.
A&A

Number of Accounting Class Actions Steady Over Last Two Years

According to a new report from economic and financial consulting firm Cornerstone Research, 47 accounting class-action lawsuits were filed against companies in 2013, up slightly from the 46 filed in 2012.
A&A

Bramwell’s Lunch Beat: More on Pfizer’s Tax ‘Inversion’ Deal

The menu for April 30 features specials on SEC updating conflict minerals guidance, criminal charges against two large global banks may be on the horizon, eBay’s $3 billion tax charge, and more.
A&A

DATA Act Awaits Obama’s Signature

The legislation, which was supported by the AICPA, was passed in the Senate earlier this month and in the House yesterday. The bill will make federal government spending data publicly available online.
A&A

Bramwell’s Lunch Beat: BofA Makes ‘Weird’ Capital Blunder

The menu for April 29 features specials on Pfizer looking to save billions in taxes, Lerner lawyer’s letter to GOP, SEC accounting probes underway, the sanctity of a tax break, and more.
A&A

Bramwell’s Lunch Beat: A History Lesson on Double-Entry Accounting

The menu for April 28 features specials on NY Rep. Michael Grimm indicted on tax fraud charges, House contempt vote for Lois Lerner slated for May, US banks taking swaps business overseas, and more.
A&A

Bramwell’s Lunch Beat: CAQ Ready to Pilot Test Set of Audit Quality Indicators

The menu for April 25 features specials on France objecting to Google’s European tax structure, House Ways and Means Committee ready to move next week on tax extenders, and more.
A&A

Former KPMG Partner Scott London Gets 14 Months in Prison

The ex-KPMG senior audit partner was sentenced on Thursday for providing inside information about several of his firm’s clients to a friend, who used it to make at least $1.6 million in illicit profits.
A&A

Earn CPE Credits at 2014 IRS Tax Forums

Enrolled agents and CPAs can earn as much as 18 credits by attending one of five IRS Nationwide Tax Forums this summer. The three-day events feature seminars, workshops, and a two-day expo.
A&A

Bramwell’s Lunch Beat: Lawmakers Weigh In on IRS Bonuses Issue

The menu for April 24 features specials on Russia scrambling on FATCA, arrests in ID theft and fake tax return scheme, could the US implement a tax lottery like Slovakia, and more.
A&A

Auditing Special Purpose Frameworks: the General Ledger

One of the most significant analytical procedures is reading, or scanning, the general ledger account activity. It can have a major effect on audit strategy.
A&A

FRF for SMEs Series—Statement of Financial Position, Part 1

This presentation will review basic concepts of the FRF for SMEs and discuss the presentation of a statement of financial position. This webcast will focus on accounting policies for certain current assets and liabilities in the statement of financial position.
A&A

Bramwell’s Lunch Beat: IRS May Want to Fix Its Bonus Policy

The menu for April 23 features specials on the London Stock Exchange changing audit firms, IRS heading to US Supreme Court, co-signers causing surprise defaults on student loans, and more.
A&A

Revenue Recognition Standard Now Slated for Late May

The FASB had hoped to issue a final standard on revenue recognition during the first quarter of 2014. However, the board confirmed today that the timetable for releasing the standard has been pushed back slightly.

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