A&A news

A&A

Scott London’s Golf Buddy, Bryan Shaw, Gets 5 Months in Jail

The Los Angeles-area jeweler, who was sentenced on Monday, received confidential client information and stock tips from London that helped him make at least $1.6 million in illicit profits over a two-year period.
A&A

Bramwell’s Lunch Beat: Big Four in China Talk Settlement with SEC

The menu for June 3 features specials on KPMG standing by Phil Mickelson, rankings of top audit firms in China, IBM avoiding accounting penalty from SEC, new buzz phrase in audit failures, and more.
A&A

Lawmakers Oppose Proposed Changes to Accounting Method

In a letter last week, a bipartisan group of more than 110 House legislators urged Ways and Means Committee Chairman Dave Camp not to repeal the last in, first out inventory accounting measure in his tax reform plan.
A&A

Bramwell’s Lunch Beat: Would KPMG Bail On Phil Mickelson?

The menu for June 2 features specials on how taxes could curb consumption of sugary drinks, tax question looms over Illinois governor’s race, roads – not gas – should be taxed, Donald Sterling’s huge tax bill, and more.
A&A

Deal with Rothstein Kass Makes KPMG US Hedge Fund Leader

KPMG officials said the acquisition, which will be finalized in the coming weeks, will boost the Big Four firm’s presence in the alternative investments industry and capital markets, including hedge funds.
A&A

Bramwell’s Lunch Beat: Bonus Depreciation Gets House Backing

The menu for May 30 features specials on Hong Kong’s concern over auditing ban proposal, California lawmakers pass film and TV tax credit bill, Moss Adams helps Washington mudslide victims, and more.
A&A

FRF for SMEs Series—Statement of Operations, Part 1

This presentation will discuss the presentation of a statement of operations for the FRF for SMEs. This webcast will focus on accounting policies for revenue recognition and certain expenses.
A&A

FASB, IASB to Hold Revenue Recognition Webcast on June 5

The one-hour broadcast will provide an overview of the new accounting rule, as well as information on such topics as recognizing revenue over time, contract costs, disclosures, transition, and effective date.
A&A

Bramwell’s Lunch Beat: CFOs Give Their Take on New Revenue Rule

The menu for May 29 features specials on California lawmakers reject bill tying CEO pay to state’s corporate tax rate, DC Council backs large tax cut, a profile of Xero CEO Rod Drury, and more.
A&A

Improving Retiree Benefits Reporting Focus of New GASB Exposure Drafts

Proposals would significantly improve financial reporting of other postemployment benefits, such as retiree health insurance, as well as establish requirements for pensions and pension plans that are outside the scope of the rules the GASB published in 2012.
A&A

FASB, IASB Unveil Final Standard on Revenue Recognition

The two standard-setting boards announced the release of the converged standard on the recognition of revenue from contracts with customers on Wednesday morning – the culmination of a joint project that has been in the works since 2008.
A&A

Auditing Special Purpose Frameworks: Inquiries

Inquiries are recognized in the auditing standards along with other types of tests and are normally the most cost efficient of all auditing procedures. Responses provide information useful from start to finish.
A&A

Bramwell’s Lunch Beat: Maryland Tax Case Heads to US High Court

The menu for May 28 features specials on House Ways and Means Committee to consider six tax breaks on Thursday, why a carbon tax is needed, harnessing the US tax code to promote college affordability, and more.
A&A

Bramwell’s Lunch Beat: Revenue Recognition Rules Almost Here

The menu for May 27 features specials on Pfizer calls off AstraZeneca deal, IRS bars employers from dumping workers into health exchanges, other Swiss banks eye Credit Suisse deal, and more.
A&A

Bramwell’s Lunch Beat: Lots of Back Taxes Owed on Capitol Hill

The menu for May 23 features specials on IRS to rewrite 501(c)(4) rules, congressional inquiries cost the IRS $14 million last year, EY ordered to hand over audit documents in China, and more.
A&A

Bramwell’s Lunch Beat: Who Better Really to Talk About Ethics Than Scott London?

The menu for May 22 features specials on Senate tax break bill still stalled, watchdog panel thinks private debt collector proposal is a bad idea, Credit Suisse punishment not big enough, and more.
A&A

Thomson Reuters Checkpoint Wins SIIA Software CODiE Award for Best Consumer Mobile Application

Thomson Reuters on May 22 announced that its Checkpoint Pocket Assistant was named Best Consumer Mobile Application at the 2014 SIIA Software CODiE Awards. The SIIA CODiE Awards are the premier award for the software and information industries.
A&A

Advanced Mobile Technology Solution From Wolters Kluwer, CCH Wins Prestigious SIIA CODiE Award

Wolters Kluwer, CCH announced on May 22 that its CCH Mobile app has won the 2014 SIIA Software CODiE Award in the Best Enterprise Mobile Application category. The SIIA CODiE Awards are the premier award for the software and information industries.
A&A

Auditing Special Purpose Frameworks: Walk-Through Procedures

The system's walk-through procedure is often the most cost-efficient, annual risk assessment procedure auditors can use. Familiarize yourself with our checklist.
A&A

Bramwell’s Lunch Beat: Camp Opines About the Tax Code

The menu for May 21 features specials on Madison Square Garden’s sweet property tax deal, inversion legislation misses real problem, Issa subpoenas DOJ on IRS probe, accountant injures a crocodile, and more.

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