AICPA

A&A

AICPA calls on Congress to repeal 1099 reporting requirements

The American Institute of Certified Public Accountants (AICPA) called on Congress this week to repeal what it considers burdensome information reporting requirements placed on businesses and rental property owners by the Patient Protection and Affordable Care Act and the Small Business Jobs Act of 2010.
Education & Careers

AICPA competition to introduce high school students to CPA profession

The American Institute of Certified Public Accountants (AICPA) has launched the Clearly Pretty Awesome Competition for high school students to introduce them to the CPA profession.
A&A

Exclusive: IRS commissioner announces interim relief from tax preparer testing requirement

Speaking at this week's National Tax Conference in Washington, D.C., IRS Commissioner Mark Schulman addressed concerns about the new tax preparer identification guidelines that are about to take effect. Managing Editor Gail Perry reports.
A&A

Exclusive: National Tax Conference kicks off in D.C.

Approximately 600 CPAs are gathered in Washington, D.C., this week to get the latest on tax reforms and the potential impact of the mid-term elections at the 35th annual National Tax Conference sponsored by the AICPA. Managing Editor Gail Perry reports.
Education & Careers

How to earn those last-minute CPE credits

Professionals nearing the end of their reporting period, who still need to accumulate a few CPE credits or fulfill their state’s requirements, should check their state society Web sites for course listings and discounts.
A&A

CPA exam to be administered outside U.S. for first time

In 2011, the Uniform CPA Examination will be offered outside the 55 U.S. jurisdictions for the first time. The American Institute of Certified Public Accountants, National Association of State Boards of Accountancy, and Prometric reached an agreement to administer the exam in international locations.
A&A

PCFRC's O'Dell discusses FASB, concerns of private companies

At its fourth public meeting, earlier this month, the Blue Ribbon Panel, formed by the Financial Accounting Foundation to define the issues faced by private companies with U.S. GAAP, agreed that a new model for private company reporting was required.
A&A

AICPA supports separate standards board for private companies

In a statement issued in advance of a meeting of the Blue Ribbon Panel on private company standards setting, panel member Barry Melancon said he expected the panel to recommend a new model of financial reporting that will generate different standards for private companies.
Tax

IRS gives in to outcry, makes changes to reporting of uncertain tax positions

The Internal Revenue Service recently has released its final version of Schedule UTP, Uncertain Tax Positions Statement. Missing are major reporting requirements contained in the agency's original proposal.
A&A

NYSSCPA's Barry appointed to AICPA Board of Trustees

Joanne S. Barry, CAE, executive director of the New York State Society of Certified Public Accountants, has been appointed as a member to the American Institute of Certified Public Accountants Foundation Board of Trustees.
A&A

Report: Room for improvement in corporate risk oversight worldwide

The worldwide economic crisis has put a spotlight on corporate risk, but a large percentage of companies around the globe do not have strong risk oversight protocols, according to a joint research report.
A&A

Herz to retire as chairman of FASB

Robert Herz, chairman of the Financial Accounting Standards Board (FASB), will retire as of October 1, two years before his current term expires.
A&A

AICPA contracts NACVA to develop course for CPA forensic credential exam

The American Institute of Certified Public Accountants has engaged the National Association of Certified Valuation Analysts to develop a course to help CPAs prepare for the qualifying exam for the Certified in Financial Forensics credential.
Education & Careers

Accounting associations create commission to study higher education in accounting

The American Accounting Association and the American Institute of Certified Public Accountants have formed the Pathways Commission to study possible future paths of higher education for those seeking entry into the accounting profession.
A&A

Tax planning for IFRS adoption might be slowing

A sense of urgency once felt in tax departments to prepare for the potential implications of IFRS might have been replaced in recent months by uncertainty, as regulatory bodies issued statements seeming to indicate a slowing in the pace of movement toward adoption of IFRS.
Tax

AICPA's tax accountants get immersed in tips, new law, and sunshine

Tax practitioners are meeting this week in the heat of southern Florida to learn about the latest tax tips and tools that they can use to improve their practices, as well as getting an update on what is going on in Washington.
Practice Development

AICPA offers white paper to help CPAs, financial pros obtain federal training grants

The American Institute of Certified Public Accountants has published a free white paper to help CPAs and financial professionals understand and locate federal economic stimulus grants for training and specialized certifications.
A&A

AICPA educates CPA firms, professors on forensic accounting

As forensic accounting gains a higher profile, the American Institute of Certified Public Accountants (AICPA) is working to expand the profession’s role in the field by educating CPA firms and college professors about the skills required.
Technology

What CPAs need to know about Cloud security

No computing environment is completely secure. However, some environments are more secure than others.
Community News

WebsterRogers’ King and Sebastian awarded CFF credential by AICPA

James King and Patrice Sebastian of regional accounting firm WebsterRogers’ Columbia, South Carolina office, recently have been awarded the certified in financial forensics (CFF) credential by the American Institute of Certified Public Accountants (AICPA).

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