CPA Never under estimate the value
US CFOs have grown more pessimistic about the economy — thanks to increasing costs of goods and services, increasing energy costs, and supply chain challenges — according to a quarterly survey by Grant Thornton.
Source: JOA News
Read More here – CFO optimism is declining as cost concerns rise
Practical tips could help retirees make the most of their money in a place with a substantially lower cost of living.
Source: JOA News
Read More here – Stretching retirement dollars by living abroad
Accounting professionals discuss the importance of email as a communication tool and the need to think about how their emails — including the closings — reflect on their and their firms’ professionalism. They say the messages should also consider the nature of the relationship they have with the other person.
Source: JOA News
Read More here – CPA email closings: Go pro or add a personal touch?
The FASAB released an exposure draft technical bulletin, Intragovernmental Leasehold Reimbursable Work Agreements, which is intended to further explain and address accounting issues not directly covered under Statement of Federal Financial Accounting Standards 54, Leases, and other relevant statements.
Source: JOA News
Read More here – FASAB seeks comments on proposal related to reimbursable work agreements
The AICPA’s Financial Reporting Executive Committee issued a working draft of the AICPA Accounting and Valuation Guide, Business Combinations, which would provide guidance and illustrations regarding the accounting and valuation considerations for business combination transactions.
Source: JOA News
Read More here – AICPA seeks feedback on accounting and valuation guide
The recently passed legislation ultimately will help with one of the biggest wild cards of retirement — health care planning — but immediate updates to financial plans are likely not needed.
Source: JOA News
Read More here – Financial planning impacts of the Inflation Reduction Act
SEC Chair Gary Gensler says that proposed changes to the Exchange Act Rule of 1975 would “reduce risk across a vital part of our capital markets.”
Source: JOA News
Read More here – SEC proposes new regulations for US Treasury market clearinghouses
The CAQ announced a strategic education initiative intended to expose students to careers in accounting, attract greater diversity and representation within the profession, and address barriers to entry from underrepresented and underserved groups.
Source: JOA News
Read More here – CAQ increases diversity efforts with new initiative
How familiar are you with SAS No. 145, which details an auditor’s responsibility relating to risk assessment in an audit of financial statements? Take this quiz to test what you know and get better prepared.
Source: JOA News
Read More here – Quiz: New and revised risk assessment terms under SAS No. 145
SAS No. 145 revises the definition of significant risk. The revisions alter how you conduct elements of your risk assessments. Get the updated information you need and be ready for your 2023 audits.
Source: JOA News
Read More here – Significant risk revised: Concept changes under SAS No. 145
