Monthly Archives: December 2019

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ASB aligns with other US standard setters on materiality

The AICPA Auditing Standards Board has amended its concept of materiality to match the definition used by the U.S. judicial system and other US standard setters.
Source: JOA News
Read More here – ASB aligns with other US standard setters on materiality


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New standard adds flexibility for agreed-upon procedures

The barriers preventing CPAs from performing engagements providing certain agreed-upon procedures were removed when the AICPA Auditing Standards Board issued a standard providing more flexibility to practitioners.
Source: JOA News
Read More here – New standard adds flexibility for agreed-upon procedures


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Economic outlook: Not too hot, not too cold

Finance decision-makers remain positive overall heading into 2020, but they continue to have concerns about hiring.
Source: JOA News
Read More here – Economic outlook: Not too hot, not too cold


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BEAT regs. are finalized, new regs. are proposed

The IRS issued detailed guidance on the Sec. 59A base-erosion and anti-abuse tax (BEAT), which was added to the Code by the law known as the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – BEAT regs. are finalized, new regs. are proposed


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BEAT regs. are finalized, new regs. are proposed

The IRS issued detailed guidance on the Sec. 59A base-erosion and anti-abuse tax (BEAT), which was added to the Code by the law known as the Tax Cuts and Jobs Act.
Source: JOA News
Read More here – BEAT regs. are finalized, new regs. are proposed


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Deadline for health care information statements extended

As it does every year, the IRS extended the due date to furnish certain health care information statements to individual taxpayers to March 2, 2020.
Source: Tax News
Read More here – Deadline for health care information statements extended


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Deadline for health care information statements extended

As it does every year, the IRS extended the due date to furnish certain health care information statements to individual taxpayers to March 2, 2020.
Source: JOA News
Read More here – Deadline for health care information statements extended