Monthly Archives: July 2018

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FASB issues standard devoted to minor codification improvements

FASB made clarifying changes and corrected unintended application of guidance in a standard that updates its Accounting Standards Codification.
Source: JOA News
Read More here – FASB issues standard devoted to minor codification improvements


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FASB memos shed light on private company revenue recognition issues

Two FASB staff memos issued last month provide insight to private company financial statement preparers on how to overcome implementation challenges that some have encountered with the new revenue recognition standard.
Source: JOA News
Read More here – FASB memos shed light on private company revenue recognition issues


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AICPA: 2019 Form W-4 needs to be simplified

The AICPA’s Tax Executive Committee sent a letter to the IRS, urging the Service to simplify the proposed draft 2019 Form W-4, Employee’s Withholding Allowance Certificate.
Source: Tax News
Read More here – AICPA: 2019 Form W-4 needs to be simplified


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AICPA: 2019 Form W-4 needs to be simplified

The AICPA’s Tax Executive Committee sent a letter to the IRS, urging the Service to simplify the proposed draft 2019 Form W-4, Employee’s Withholding Allowance Certificate.
Source: JOA News
Read More here – AICPA: 2019 Form W-4 needs to be simplified


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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


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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


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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


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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