Developed by the AICPA and the CIMA, the management accounting guidance serves as a blueprint for effective analysis that can be universally applied by public and private organizations of all sizes, worldwide.
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.
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.
In an August 7 letter sent to Congress, the AICPA and CPA societies from the US Virgin Islands and Guam sought clarification on the applicability of the net investment income tax to bona fide residents of the US territories.
The AICPA on Thursday released a discussion paper seeking input from CPAs, regulators, financial statement users, and others in the profession on how better audit performance of private entities, such as not-for-profits, can be achieved.
According to "The Work of Leadership," adaptive work is required when “our deeply held beliefs are challenged, when the values that made us successful become less relevant, and when legitimate yet competing perspectives emerge.” All of these are true for CPE.
Accountants who specialize in forensic and valuation services point to electronic data analysis, or big data, as the most pressing issue they’ll face in the coming months, according to results of a new survey released on Tuesday by the AICPA.
The federal lawsuit, filed on Tuesday, said the IRS’s new Annual Filing Season Program is “unlawful” and an attempt to bypass two courts’ rulings that prevent the agency from mandating continuing education and competency testing of unlicensed tax return preparers.
The responsibilities of the CFO and other finance professionals have moved beyond corporate accounting and financial reporting, and now include strategic business planning, IT development, and cybersecurity, among other areas.
The number of CPAs and financial executives who are optimistic about the US economy has surpassed the 50 percent mark for the first time since the recession, according to a new AICPA survey released on Thursday.
In a letter to IRS Commissioner John Koskinen on Wednesday, AICPA officials wrote that the agency's proposed voluntary certification program would cause confusion among the tax administration and tax preparation community.
To more closely align with its mission of “empowering CPAs and businesses for the digital age,” CPA2Biz, the business and technology services subsidiary of the AICPA, has been renamed CPA.com, effective immediately.