Source: http://feedproxy.google.com/~r/AICPA_TV/~3/EOr6zU8vMoc/PCFRTimeforChangeIsNow.aspx
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Saturday, May 23, 2015
Private Company Financial Reporting: The Time for Change Is Now
Hear the latest on the initiative to bring historic change to private company financial reporting, and why it must be done now. Featuring AICPA President and CEO, Barry Melancon, CPA.
GAQC Alert No. 276
Register for June 10th Compliance Supplement and Single Audit Update Web Event
Source: http://feedproxy.google.com/~r/AICPA_GovernmentalAuditQuality/~3/KO2Qpp7BriM/GAQCAlertNo276.aspx
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Take Action for Change to Private Company Financial Reporting
During his presentation at the spring 2011 AICPA governing Council meeting, AICPA President and CEO Barry Melancon, CPA urges members to write letters to the Financial Accounting Foundation calling for differential standards and a separate standing-setting body for private companies.
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PFP Tax News
The AICPA PFP Division works with the AICPA Congressional Affairs Team to ensure that issues impacting CPA financial planners are monitored and acted upon as needed.
Source: http://www.aicpa.org/InterestAreas/PersonalFinancialPlanning/NewsAndPublications/Pages/Tax.aspx
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Guest Speaker U.S. Representative Erik Paulsen
U.S. Representative�Erik Paulsen (R-Minnesota) speaks about his experience as member of the U.S. House Committee on Ways and Means at the 2011 AICPA Spring Council Meeting.
Source: http://feedproxy.google.com/~r/AICPA_TV/~3/FpeUKNnK9WI/GuestSpeakerUSRepresentativeErikPaulsen.aspx
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AICPA.org: Site Tutorial "Paying Dues"
Watch this program to learn each step of the "paying dues" process on the new AICPA.org.
Source: http://feedproxy.google.com/~r/AICPA_TV/~3/f1Sb3Fg3QaA/AICPAorgSiteTutorialPayingDues.aspx
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IRS Modifies Rules for Filing Accounting Method Changes and Procedures for Taxpayers Under Examination
This item highlights the significant developments in rules for filing accounting�method changes and procedures for taxpayers under examination.
Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/1uFUZTdzJC0/Tax_Clinic_10.aspx
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Friday, May 22, 2015
2015 Peer Review Conference
Register for the 2015 Peer Review Conference to be held in New Orleans, Louisiana at the InterContinental New Orleans from August 3-4, 2015 with optional sessions on August 2nd. The room rate will be $129 plus occupancy and tax. The hotel is located near the
Source: http://feedproxy.google.com/~r/AICPA_PeerReview/~3/Z8XgFLpmJo4/2015PeerReviewConference.aspx
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Check Your Clients' Forms 1099-B: Reporting Changes May Create Basis Errors
Issue Spotlight for May Tax Section newsletter regarding 1099-B
Source: http://feedproxy.google.com/~r/AICPA_Tax/~3/bEBQe02Y3A4/05222015_IssueSpotlight.aspx
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Reddit Flaps Gums at Harassers
Reddit has announced a new policy prohibiting personal attacks. "We are updating how we apply existing policies to address new types of harassment on Reddit," said company spokesperson Heather Wilson. However, Reddit did not indicate what action it would take against harassers. Instead, it promised a thorough investigation by the company and a response based on the nature of the harassment.
Source: http://www.technewsworld.com/story/82063.html?rss=1
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Tax Impacts of Decanting
The webcast will cover some of those more difficult issues regarding decanting, including when it might be useful as well as the impact on income, gift, GST and estate taxes.
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FCM audit ? what you need to know
CFTC rules now require audits of futures commission merchants. Find out what you need to know.
Source: http://feedproxy.google.com/~r/AICPA_FinancialReportingCenter/~3/ue6lRrzLvDA/FCMAudit.aspx
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Bill.com Fundamentals Training
Whether you are a brand new user of Bill.com or you are interested in learning more about the program, this class is for you. During this 1 hour class, we will walk you through getting started with logging in, familiarizing yourself with the documentation designed by Bill.com to assist you with selling to and educating your clients. Topics include accountant console navigation, console and client setup and more.
Course Objectives:
- Log-in walk through and navigation of accountant console
- Staff Setup
- Basic Client Setup
- Partner Selling and Training Tools
Who should attend?
This class should be attended by those who are new to Bill.com or are interested in learning more about Bill.com.
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2:00 PM - 3:00 PM ET
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partner:
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May-19-2015
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Registration Form URL 1:
http://info.cpa.com/acton/form/9446/0181:d-0002/0/index.htm
Source: http://www.cpa.com/webinars/billcom-fundamentals-training-0
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The Prince's Accounting for Sustainability Project
The�American Institute of Certified Public Accountants�is a member of the Accounting Bodies Network, established by The Prince?s Accounting for Sustainability Project (A4S) to bring together the largest accounting bodies from across the globe, to help minimize the
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Podcast: Social Security - Will It Last?
Discussion�on Social Security and how several factors�will impact the sustainability of funds.
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Thursday, May 21, 2015
Ransomware Rears Its Ugly Head!
This IT article discusses ransomware. It discusses what ransomware is, steps to protect your firm and what to do if infected.
Source: http://feedproxy.google.com/~r/AICPA_PrivateCompanyPracticeSection/~3/6A6gTT1YoRw/ransomware.aspx
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5 stories you should read this May
In this month?s edition: Creative ways to ensure students will actually read your syllabus; the college experiences that determine a student?s success after graduation; tips for teaching large lecture sections; and graduate students organizing for better pay.
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2016 Inflation Adjustments for HSAs Released
The IRS issued the inflation-adjusted figures for calendar-year 2016 for the annual contribution limits for HSAs and the minimum deductible amounts and maximum out-of-pocket expense amounts for high-deductible health plans.
Source: http://feedproxy.google.com/~r/AICPA_Tax/~3/V9jWvVLVZT0/20150505.aspx
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Meeting Agenda and Materials for August 19-21, 2014 ARSC Meeting
Agenda
Agenda Item #1 - Discussion Memorandum with respect to the proposed SSARSs Statements on Standards for Accounting and Review Services:� Clarification and Recodification as a final clarified SSARS
Agenda Item #1A - Draft of the proposed SSARS Statements on
Agenda Item #1 - Discussion Memorandum with respect to the proposed SSARSs Statements on Standards for Accounting and Review Services:� Clarification and Recodification as a final clarified SSARS
Agenda Item #1A - Draft of the proposed SSARS Statements on
Source: http://feedproxy.google.com/~r/AICPA_Standards/~3/OZILhbFaxOc/ARSCMtg-Agenda-Materials201408.aspx
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Peer Review Update
Access Peer Review top news in the Peer Review Update.
Source: http://feedproxy.google.com/~r/AICPA_PeerReview/~3/PW0cUpfs4Cw/PeerReviewUpdate.aspx
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Wednesday, May 20, 2015
Take Action for Change to Private Company Financial Reporting
During his presentation at the spring 2011 AICPA governing Council meeting, AICPA President and CEO Barry Melancon, CPA urges members to write letters to the Financial Accounting Foundation calling for differential standards and a separate standing-setting body for private companies.
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2010-11 AICPA Accountemps Scholarship Recipients
Roster of the 2010-11 AICPA/Accountemps Student Scholarship recipients
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Peer Review Alert
Access Peer Review top news in the Peer Review Alerts.
Source: http://feedproxy.google.com/~r/AICPA_PeerReview/~3/rr1_hIaw7sM/PeerReviewAlert.aspx
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AICPA's FinREC Comments on FASB Exposure Draft on Disclosure Requirements for Investment Companies
The CPA Advocate:�March, 2015.� The letter expresses concern regarding operability and auditability of the proposed disclosure and presentation requirements and recommends that FASB and AICPA representatives discuss audit challenges related to the proposed presentation requirements before
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Meeting Agenda and Materials for August 20-23, 2013 ARSC Meeting
Agenda
Agenda Item #1 - Discussion Memorandum with respect to the Proposed SSARS Compilation Engagements
Agenda Item #1A - Draft of the proposed SSARS Compilation Engagements are discussed at the May 28, 2013 ARSC conference Call meeting
Agenda Item #1 - Discussion Memorandum with respect to the Proposed SSARS Compilation Engagements
Agenda Item #1A - Draft of the proposed SSARS Compilation Engagements are discussed at the May 28, 2013 ARSC conference Call meeting
Source: http://feedproxy.google.com/~r/AICPA_Standards/~3/b8U38IzAsN8/ARSCMtgAgenda-Materials201308.aspx
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Report from the President and CEO
AICPA President & CEO Barry C. Melancon, CPA provides a broad overview of the Institute's key initiatives and the global and professional landscape impacting the accounting profession today.
Source: http://feedproxy.google.com/~r/AICPA_TV/~3/qMzSMOe_740/ReportfromthePresidentandCEO.aspx
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Lily Camera Gilds the Selfie
Lily is taking the selfie up a notch. The startup on Tuesday began taking preorders for a drone camera that will shoot video and stills as it flies above you. While drone cameras have been on the market for some time, the Lily offering combines the popularity of first-person video cameras, like the wildly successful GoPro line of products, with the emerging consumer flying drone market.
Source: http://www.technewsworld.com/story/82045.html?rss=1
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Chair's Letter - May 2010
Robert Harris' May 2010 column discusses the AICPA's international strategy, CPA licensure and credentialing, and the work of the Blue Ribbon Panel.
Source: http://feedproxy.google.com/~r/AICPA_Newsroom/~3/sjUN7TnD4Yk/ChairsLetterMay2010.aspx
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Tuesday, May 19, 2015
ASB Meeting Agenda and Materials May 2015
Meeting Date: May 12-15, 2015
Baltimore, MD
Hilton Baltimore
401 W. Pratt Street
Baltimore, MD� 21201
Please visit the hotel website for more information regarding this hotel, such as amenities, restaurants, directions, etc. You can make reservations online or you can call the
Baltimore, MD
Hilton Baltimore
401 W. Pratt Street
Baltimore, MD� 21201
Please visit the hotel website for more information regarding this hotel, such as amenities, restaurants, directions, etc. You can make reservations online or you can call the
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Stay Connected with the AICPA
A brief description�of the AICPA's social media platforms. Consider participating in one or more of these social media communities�to make it easier and more convenient for you to stay connected with us, with each other, and with your clients.
Source: http://feedproxy.google.com/~r/AICPA_Newsroom/~3/OPl4qti0OSk/SocialMedia.aspx
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AICPA Recommends IRS Adopt a Deferred Revenue Safe Harbor for Buyers and Sellers
The CPA Advocate: May, 2015.� The proposed elective safe harbor would apply to the tax treatment of deferred revenue in taxable asset acquisitions.� Agreement by buyers and sellers to treat the deferred revenue liability consistently would reduce controversy between taxpayers and the IRS.
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2013 Peer Review Conference Materials
Download pdf files of the presentations and conference materials from the 2013 Peer Review Conference.
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GAQC Archived WebEvents
GAQC member only events are held periodically, at no cost to members, and feature topics to assist you in ensuring governmental audit quality. As a public service to improve all governmental audit quality, some GAQC member only Web events are available to the public.
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AICPA Council Votes to Approve the Development of Two Fair Value Measurement Credentials
The governing Council of the American Institute of CPAs today voted to approve a resolution authorizing the development of two new specialty credentials in the area of fair value measurement.
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Monday, May 18, 2015
EBPAQC Alert No. 333
Register for the Mandatory EBPAQC Designated Partners 2015 Audit Planning Webinar Rebroadcasts
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Aerospace and Defense Revenue Recognition Task Force
The Aerospace and Defense Revenue Recognition Task Force has been created to address issues which may arise due to FASB's new revenue recognition standard. Here you will find the issues identified and further discussion.
Source: http://feedproxy.google.com/~r/AICPA_FinancialReportingCenter/~3/tw--aSgOwVU/RRTF-Aerospace.aspx
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GAQC Alert No. 273
Register for April 28th Required 2015 GAQC Annual Update Webcast
Source: http://feedproxy.google.com/~r/AICPA_GovernmentalAuditQuality/~3/1RM9wdGb7Is/GAQCAlertNo273.aspx
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Considering Alternatives to Liquidation
Shareholders might want to liquidate a corporation for several reasons, but in some cases, a plan of action other than liquidation might better meet their objectives.
Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/zLIK0G8_xLc/Case_Study_May2015.aspx
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2015 Tax Advocacy Comment Letters
Recent comment letters submitted by the AICPA Tax Division.
Source: http://feedproxy.google.com/~r/AICPA_Advocacy/~3/c-0O2E_Owk0/TaxAdvocacyCommentLetters.aspx
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New Era For Financial Preparation Services Driven By Major Standard Change
The recently released SSARS21 Standard creates a bright line between preparing and reporting services, and is potentially the most significant non audit standard change of the past 30 years. This new standard will dramatically change how firms provide Client Accounting and BPO services, and is something many in the profession have been requesting for years.
In this webcast we review how firms can advance their client accounting services based on this new standard. Firms will need to change how they describe and market their client accounting services, engage with clients, as well as deliver these services.
Speakers
Erik Asgeirsson, President and Chief Executive Officer, CPA.com
Michael P. Glynn, CPA, CGMA, Senior Technical Manager in the AICPA Audit and Attest Standards Team
Alan W. Anderson, President, ACCOUNT-ability Plus
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January-30-2015
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Source: http://www.cpa.com/webinars/new-era-financial-preparation-services-driven-major-standard-change
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AICPA Ethics Codification Implementation Tools
To assist with implementing the revised AICPA Code several documents are available including a mapping document. In addition, the AICPA Professional Ethics Division is developing a toolkit that will focus on how to apply the conceptual frameworks.
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CCA Affects Taxpayer?s Ability to Qualify as a Real Estate Professional
Based on recent Chief Counsel Advice, some taxpayers may need to reevaluate whether they will meet the definition of real estate professional. The results of this analysis may have a significant impact on a taxpayer's treatment of the income from rental real estate activities under Secs. 469 and
Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/FHGNOlKFKAI/Tax_Clinic_05.aspx
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Sunday, May 17, 2015
EBPAQC Alert No. 329
Center Website Enhancements and User Survey; SEC/PCAOB Independence Rules on Financial Statement Preparation; EBP Committee Volunteer Changes
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The Average Americans' Monetary Situation Improved in 2015, According to AICPA Personal Financial Satisfaction Index
"The increase in the PFSi signifies that the average Americans' financial situation should be in better shape now than it was prior to the start of the year,? said Susan Tillery, CPA/PFS and member of the AICPA?s PFP Executive Committee. ?As inflation has decreased and more people are finding full
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Examples of Existing Courses
Following are strategies for integrating fraud education into three existing accounting courses: (1) governmental accounting and auditing; (2) managerial accounting; and (3) financial accounting.
Integrating Fraud Education Into the Financial Accounting Course
The following
Integrating Fraud Education Into the Financial Accounting Course
The following
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Voyager-X Will Take You on a New Xfce Journey
Voyager-X 10.14.4, released in March, is based on Xubuntu/Ubuntu 12.04 LTS. This new Voyager-X is one of the first distros to use the new Xfce 4.12 desktop, more than one year in the making. Ubuntu has yet to implement it, and few other Linux distros have put the new update into play. Thus, the latest Xfce desktop is considered "experimental." However, it is a fully functional upgrade.
Source: http://www.technewsworld.com/story/82024.html?rss=1
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Audit Standards Board Members' Biographies
The 19 members of the ASB includes 5 members from local, regional and other non big four national firms; 5 members nominated by NASBA; 4 members from the big four firms; and 5 users and public members.
Source: http://feedproxy.google.com/~r/AICPA_Standards/~3/4T2nFbpvtgU/ASBbiography.aspx
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ASB Meeting Agenda and Materials July 2014
Meeting Date: July 22-24, 2014
Montreal, QC, Canada
Hotel Omni Mont-Royal
1050 Sherbrooke Street West
Montreal, QC, Canada
Please visit the hotel website for more information regarding this hotel, such as amenities, restaurants, directions, etc. You can also call the hotel to make
Montreal, QC, Canada
Hotel Omni Mont-Royal
1050 Sherbrooke Street West
Montreal, QC, Canada
Please visit the hotel website for more information regarding this hotel, such as amenities, restaurants, directions, etc. You can also call the hotel to make
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The Average Americans' Monetary Situation Improved in 2015, According to AICPA Personal Financial Satisfaction Index
"The increase in the PFSi signifies that the average Americans' financial situation should be in better shape now than it was prior to the start of the year,? said Susan Tillery, CPA/PFS and member of the AICPA?s PFP Executive Committee. ?As inflation has decreased and more people are finding full
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May 2015 Team Captain Checklists
May 2015 Team Captain Checklists
Click here for an important update on the Launch of the Manual to the Online Professional Library.
In performing peer reviews, review teams must complete all relevant programs and checklists issued by the AICPA Peer Review Board in a
Click here for an important update on the Launch of the Manual to the Online Professional Library.
In performing peer reviews, review teams must complete all relevant programs and checklists issued by the AICPA Peer Review Board in a
Source: http://feedproxy.google.com/~r/AICPA_PeerReview/~3/wKU_Q6O4vOg/May2015TeamCaptainChecklists.aspx
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Saturday, May 16, 2015
Why the CPA/PFS Credential?
Learn what having the CPA/PFS credential tells your clients.
Source: http://www.aicpa.org/InterestAreas/PersonalFinancialPlanning/Membership/Pages/Why-CPA-PFS.aspx
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AICPA Thought Leadership Video Series
A video thought leadership series with leaders in the CPA profession discussing the topics of "Valuation vs Value" and "Templosion."
Source: http://feedproxy.google.com/~r/AICPA_Newsroom/~3/J49tWKrbJjg/Thought-Leadership-Video-Series.aspx
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CAQ Publications
Gain access to recent CAQ publications on topics�including�public company auditing, financial reporting fraud deterrence and�detection, IFRS and the CAQ's Year in Review.
Source: http://feedproxy.google.com/~r/AICPA_CenterForAuditQuality/~3/_OFE6PHG3To/CAQPublications.aspx
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AICPA - Archived Member Web Events - Other Governmental, Not-for-Profit, and For-Profit Topics
View archived GAQC member only Web events and conference calls on Other Governmental Related Topics.
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AICPA Conflict Minerals Resources
As the issue of Conflict Minerals gains more importance, the AICPA has begun its involvement in this crucial area. Find information and important links here.
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Meeting Agenda and Materials for May 28, 2013 ARSC Conference Call Meeting
Meeting Date: May 28, 2013
Place: Via Conference Call
Time: 3:00pm (Eastern Time Zone)
Dial in information will be sent to registrants
�
Agenda Item #1 -Discussion memorandum with respect to the Proposed SSARS Compilation Engagements
Agenda Item #1A - Draft of the
Place: Via Conference Call
Time: 3:00pm (Eastern Time Zone)
Dial in information will be sent to registrants
�
Agenda Item #1 -Discussion memorandum with respect to the Proposed SSARS Compilation Engagements
Agenda Item #1A - Draft of the
Source: http://feedproxy.google.com/~r/AICPA_Standards/~3/Ogiw0Ul_nNA/ARSCMtgAgenda-Materials20130528.aspx
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EBPAQC Alert No. 343
Member Forum Contest; 2015 EBP Audit Guide/Risk Alert Now Available; New EBP Peer Review Checklist; ESOP Chapter Exposed for Public Comment
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Friday, May 15, 2015
Twitter's Timid Anti-Trolling Tweaks
Twitter recently amended its rules in yet another attempt to crack down on the abuses perpetuated by online trolls, but the changes may do little to protect victims. Its latest move was an extension of its ban on threats of violence against others or the promotion of violence against others. The company decided to let its support team lock down abusive accounts for specific periods of time.
Source: http://www.technewsworld.com/story/82021.html?rss=1
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Supreme Court Holds Challenge to Colorado Reporting Requirements Can Go Forward
Reversing the Tenth Circuit, the Supreme Court held that the Tax Injunction Act did not bar a suit that sought to enjoin the state of Colorado from enforcing a law requiring out-of-state sellers to notify Colorado customers of their use tax liability for purchases and report tax-related information
Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/frP03RaOzHM/Tax_Trends_02.aspx
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2014 Peer Review Board Open Session Meeting Materials and Highlights
Download materials and meeting highlights from the 2014 Peer Review Board open session meetings.
Source: http://feedproxy.google.com/~r/AICPA_PeerReview/~3/3beTvOHTGpo/open2014.aspx
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Additional Activity Around FASB ASU 2009-14
On May 12, 2015, the FASB released a proposed accounting standards update to FASB ASC 606, Revenue from Contracts with Customers, providing additional clarification related to identifying performance obligations and licensing.
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Basis Rules for Estates of 2010 Decedents Proposed
Proposed regulations would apply to decedents who died in 2010 and whose executors elected under Sec. 1022 to not have the retroactively reinstated estate tax apply to the decedents? estates.
Source: http://feedproxy.google.com/~r/AICPA_Tax/~3/83_M907r--E/20150508.aspx
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Comment Letters for September 10, 2013 Exposure Draft
Following are the comment letters received on the September 10, 2013 Exposure Draft in which the Ethics Division proposed a definition for ?Those Charged With Governance.?
1. NYSSCPA
2. GAO
3. Grant Thornton
1. NYSSCPA
2. GAO
3. Grant Thornton
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Peer Review Administering Entity Oversight Visit Results
There are 41 state CPA societies or group of state societies, hereafter referred to as "administering entities," (AE) approved by the AICPA Peer Review Board (PRB) to administer the AICPA Peer Review Program (Program) for 55 licensing jurisdictions. As part of the PRB?s oversight of the Program,
Source: http://feedproxy.google.com/~r/AICPA_PeerReview/~3/VrHKJSElRBY/OversightVisitResults.aspx
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Why the CPA/PFS Credential?
Learn what having the CPA/PFS credential tells your clients.
Source: http://www.aicpa.org/InterestAreas/PersonalFinancialPlanning/Membership/Pages/Why-CPA-PFS.aspx
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PEEC Non-Enforcement Policy
The Professional Ethics Executive Committee (PEEC) has agreed that it will not take enforcement action against a member who is a member of a group engagement team in cases where a foreign component auditor involved in the group audit is not in compliance with the AICPA Code of Professional Conduct
Source: http://feedproxy.google.com/~r/AICPA_ProfessionalEthics/~3/LEFYSaH99ME/Non-Enfor.aspx
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Washington Update - Tax Advocacy
Featured Story for April Tax Section Newsletter. Washington Update - Tax Advcocacy article on what's happening in Washington and the Tax Advocacy team efforts.
Source: http://feedproxy.google.com/~r/AICPA_Tax/~3/VjerZXhww0U/04242015FeaturedStory.aspx
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Splatoon: Nintendo Hits You With Its Best Shot
Nintendo has invited players to paint the town red -- and green and blue and a palette of other colors -- in Global Testfire events over the weekend for Splatoon, a new game launching May 29 exclusively on the Wii U. The Testfire events will provide three hour-long windows to try out Splatoon and provide Nintendo with the server stress-testing the game will need for a successful launch.
Source: http://www.technewsworld.com/story/82026.html?rss=1
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