A&A news

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.
A&A

Bramwell’s Lunch Beat: GAO Sheds Light on IRS Budget Woes

The menu for April 22 features specials on the IRS denying group’s tax-exempt status, what the airline industry and the IRS have in common (and it’s not good), if sales taxes will doom Amazon, and more.
A&A

Survey: Accounting Jobs Can Take as Long as a Month to Fill

CFOs reported that vacant staff-level accounting or finance jobs take an average of four weeks to fill, while open management-level positions take five weeks on average to fill, according to a new Robert Half poll.
A&A

Bramwell’s Lunch Beat: Lease Accounting Talks Scheduled to Start Back Up Later This Week

The menu for April 21 features specials on PwC looking at corporate clawback policies, SIFMA wanting FATCA delay, property tax collections rising, and more.
A&A

Bramwell’s Lunch Beat: Ex-Accountant Whose Last Name is Bunny Wins Easter Contest

The menu for April 18 features specials on the IRS auditing fewer large business partnerships, SEC being vulnerable to hackers, scary-looking Easter bunnies, and more.
A&A

Bramwell’s Lunch Beat: China Is a Hotbed for Accounting Fraud

The menu for April 17 features specials on a pitch for valued added tax, IRS chief reiterating rewrite of 501(c)(4) guidelines, Starbucks moving European headquarters to London to pay more tax, and more.
A&A

Auditing Special Purpose Frameworks: Risk Assessment

We'll now focus on risk assessment at the financial statement level; a Client Acceptance and Continuance Form can facilitate the risk assessment process.

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