Two new Frequently Asked Questions (FAQs) issued by the AICPA Professional Ethics Division provide nonauthoritative guidance for the effects on independence when senior personnel have been on an attest engagement team for a long period.
Source: JOA News
Read More here – New FAQs address familiarity threats for long-tenured senior engagement personnel
The IRS completed its annual list of the top tax scams for this filing season, with brazen phishing and phone scams still prominent on the list.
Source: Tax News
Read More here – Phone scams and phishing featured in 2018’s Dirty Dozen tax scams
The IRS completed its annual list of the top tax scams for this filing season, with brazen phishing and phone scams still prominent on the list.
Source: JOA News
Read More here – Phone scams and phishing featured in 2018’s Dirty Dozen tax scams
Linking enterprise risk management practices with strategy remains a challenge for companies, who say risk environment continues to grow in complexity.
Source: JOA News
Read More here – Companies see need to manage risks, but they’re slow to act
A Center for Audit Quality tool provides tips for audit committees to consider about non-GAAP measures as they perform their oversight duties.
Source: JOA News
Read More here – How audit committees can evaluate non-GAAP measures
Taxpayers who receive income from fiscal-year passthrough entities need guidance on when to claim the new Sec. 199A deduction for qualified business income.
Source: Tax News
Read More here – The Sec. 199A qualified business income deduction and fiscal years
A new report describes the changes that may be coming and how CPAs can take advantage of new opportunities the technology may provide.
Source: JOA News
Read More here – How blockchain might affect audit and assurance
A proposal issued by the AICPA Professional Ethics Executive Committee would revise independence rules that apply to AICPA members providing nonattest services related to an attest client’s information systems.
Source: JOA News
Read More here – AICPA proposes revising independence rules for information system services
The IRS announced that it is closing the 2014 Offshore Voluntary Disclosure Program (OVDP) on Sept. 28, 2018.
Source: Tax News
Read More here – Offshore Voluntary Disclosure Program to end in September
The extension to March 20 applies to business taxpayers affected by the two recent winter storms, Quinn and Skylar, that primarily hit the Northeast and Mid-Atlantic United States.
Source: Tax News
Read More here – Businesses affected by winter storms get extra time to file for extensions
