Author Archives: admin

  • 0

Proposed SSAE would increase flexibility for practitioners in performing attestation engagements

The AICPA Auditing Standards Board issued a proposal that would make numerous changes to the attestation standards, including changing the terminology for what have been known as “review engagements.”
Source: JOA News
Read More here – Proposed SSAE would increase flexibility for practitioners in performing attestation engagements


  • 0

Avoid these common not-for-profit financial statement mistakes

Here are five tips that can help not-for-profits prevent some financial statement errors mistakes.
Source: JOA News
Read More here – Avoid these common not-for-profit financial statement mistakes


  • 0

Tax practitioners are warned to safeguard client data

The IRS warned that it is increasingly difficult for it to recognize fraudulent tax returns as cybercriminals succeed in getting more and more accurate information.
Source: Tax News
Read More here – Tax practitioners are warned to safeguard client data


  • 0

Tax practitioners are warned to safeguard client data

The IRS warned that it is increasingly difficult for it to recognize fraudulent tax returns as cybercriminals succeed in getting more and more accurate information.
Source: JOA News
Read More here – Tax practitioners are warned to safeguard client data


  • 0

With SEC vote, more companies qualify for scaled disclosure

The SEC voted to change the definition of “smaller reporting company” in an effort to expand the number of companies that qualify for scaled disclosure accommodations.
Source: JOA News
Read More here – With SEC vote, more companies qualify for scaled disclosure


  • 0

SEC adopts, proposes several new rules

The U.S. Securities and Exchange Commission voted to adopt and propose several new rules, including changes to the SEC’s whistleblower program and a requirement to use Inline XBRL in certain filings.
Source: JOA News
Read More here – SEC adopts, proposes several new rules


  • 0

IASB seeks clarity between liabilities and equity

The proposal attempts to reduce diversity in practice on the accounting for complex instruments that have features of debt and equity.
Source: JOA News
Read More here – IASB seeks clarity between liabilities and equity


  • 0

Form 1040 to be shorter but with more schedules

The IRS is working on a draft version of the 2018 Form 1040, U.S. Individual Income Tax Return, that reduces the size of the form to two half-pages in length and eliminates more than 50 lines.
Source: Tax News
Read More here – Form 1040 to be shorter but with more schedules


  • 0

Form 1040 to be shorter but with more schedules

The IRS is working on a draft version of the 2018 Form 1040, U.S. Individual Income Tax Return, that reduces the size of the form to two half-pages in length and eliminates more than 50 lines.
Source: JOA News
Read More here – Form 1040 to be shorter but with more schedules


  • 0

FASB proposes update to definition of ‘collections’

The proposal would realign the definitions of “collections” used in GAAP and the American Alliance of Museums’ Code of Ethics for Museums.
Source: JOA News
Read More here – FASB proposes update to definition of ‘collections’