CPA Never under estimate the value
The IRS issued final rules on the $1 million executive compensation limits enacted by the law known as the Tax Cuts and Jobs Act, finalizing proposed rules with a few changes in response to comments.
Source: Tax News
Read More here – Executive compensation regulations finalized
The IRS issued final rules on the $1 million executive compensation limits enacted by the law known as the Tax Cuts and Jobs Act, finalizing proposed rules with a few changes in response to comments.
Source: JOA News
Read More here – Executive compensation regulations finalized
The SEC issued new rules requiring disclosure of payments to governments by certain resource extraction companies. Critics say the rules don’t go far enough.
Source: JOA News
Read More here – New SEC rules require extraction companies to disclose payments
With so many organizations financially affected by the COVID-19 pandemic and making an abrupt shift to remote working, there’s a perfect storm for increased fraud in financial statements. Take this quiz to see if you know your responsibilities for auditing fraud risks in your engagements.
Source: JOA News
Read More here – Are you prepared to audit fraud risk during a pandemic?
The IRS announced that it was extending taxpayers’ ability to file a number of forms using electronic signatures due to the pandemic. The limited relief extends the authorization through June 30, 2021.
Source: Tax News
Read More here – Temporary e-signature authorization for IRS forms extended
The IRS announced that it was extending taxpayers’ ability to file a number of forms using electronic signatures due to the pandemic. The limited relief extends the authorization through June 30, 2021.
Source: JOA News
Read More here – Temporary e-signature authorization for IRS forms extended
FASB proposed a standard that is intended to drive consistency in accounting for revenue contracts with customers acquired in a business combination.
Source: JOA News
Read More here – FASB addresses revenue contracts with customers acquired in a business combination
The AICPA staff has posted new FAQ guidance on issues related to System and Organization Controls 2 and 3 (SOC 2 and SOC 3) engagements.
Source: JOA News
Read More here – FAQs on SOC 2 and SOC 3 engagements issued by AICPA staff
With many workers unaware of the implications when remote work crosses state lines, CPAs may face frustration and confusion in clients.
Source: JOA News
Read More here – Some teleworkers could be hit with surprise tax bills
Optimism is higher than in the third quarter, but plenty of obstacles remain, according to the AICPA’s quarterly economic outlook.
Source: JOA News
Read More here – US finance leaders wary as pandemic impacts continue
