CPA Never under estimate the value
Lease accounting requirements for federal agencies were amended and clarified Thursday when FASAB issued new guidance.
Source: JOA News
Read More here – FASAB amends lease accounting requirements
Forensic accounting and valuation professionals offer advice on how to leverage career and business development at a time of uncertainty.
Source: JOA News
Read More here – Lessons in career and business development during times of disruption
A concurrent resolution with an objective of providing more transparency to Congress about the fiscal state of the US government passed the House by a voice vote. The Senate has yet to vote on the resolution, which has the AICPA’s backing.
Source: JOA News
Read More here – House approves resolution to boost financial transparency
The IRS posted FAQs with sample worksheets and instructions for taxpayers to use when calculating and reporting certain net long-term capital gains from partnership interests held in connection with the performance of services that must be recharacterized as short-term capital gains.
Source: Tax News
Read More here – Carried interest reporting FAQs and guidance posted
The IRS posted FAQs with sample worksheets and instructions for taxpayers to use when calculating and reporting certain net long-term capital gains from partnership interests held in connection with the performance of services that must be recharacterized as short-term capital gains.
Source: JOA News
Read More here – Carried interest reporting FAQs and guidance posted – Journal of Accountancy news
The quality management standard for accounting and review services would achieve consistency, where appropriate, with that proposed for audit services under a proposal issued by the AICPA Accounting and Review Services Committee.
Source: JOA News
Read More here – Quality management: ARSC pursues consistency with proposed ASB standards
Turning down requests isn’t easy, but it’s necessary for protecting your time.
Source: JOA News
Read More here – Say ‘yes’ to saying ‘no’
Practitioners need to understand elder fraud and what to do when they find it.
Source: JOA News
Read More here – When seniors are targeted in schemes
Interim disclosure requirements would be changed and clarified under a proposal issued by the Financial Accounting Standards Board.
Source: JOA News
Read More here – FASB proposal would amend interim disclosure requirements
Both accomplished leaders and young professionals are among the many people working to advance the accounting profession’s diversity, equity, and inclusion efforts for the future. Read insights and experiences from DEI leaders as well as some 40 Under 40 Black CPA Award winners on how to expand Black CPA representation in the profession.
Source: JOA News
Read More here – Building DEI for the future profession
