CPA Never under estimate the value
A comment letter related to a Financial Accounting Foundation review of the PCC’s effectiveness praises the impact the council makes for private company stakeholders.
Source: JOA News
Read More here – AICPA applauds the Private Company Council’s work with FASB
The proposed changes to several interpretations were identified to keep the AICPA Code of Professional Conduct “fit for purpose.”
Source: JOA News
Read More here – PEEC releases exposure drafts on recruiting and tax services
Speaking at ENGAGE, Erin Collins asks: How does the IRS fight bad tax advice on TikTok when employees are not supposed to access it?
Source: JOA News
Read More here – National taxpayer advocate: TikTok a difficult adversary for IRS
In a unanimous decision, the Supreme Court holds that life insurance proceeds a corporation receives to fund a share redemption agreement increases the corporation’s estate tax value.
Source: JOA News
Read More here – Supreme Court: Insurance proceeds increase corporation’s estate tax value
The percentage of respondents optimistic about the U.S. economy dropped since the first quarter. Own-organization optimism remains for about 50% of CPA decision-makers in a new AICPA & CIMA survey.
Source: JOA News
Read More here – Finance execs waver on economy, remain neutral on their own businesses
Accounting firms named finding qualified staff as their top issue, according to biennial survey results released by the AICPA’s firm practice management section.
Source: JOA News
Read More here – Finding qualified staff tops ranking of CPA firm top issues
A speaker at AICPA & CIMA ENGAGE tells attendees that the IRS is paying higher salaries to attract midcareer workers as the agency increases audits.
Source: JOA News
Read More here – Expert warns: IRS has what it needs to pursue more audits
The practice aid for accounting for and auditing of digital assets has new guidance on auditing the valuation of digital assets along with auditing procedures regarding their existence, rights, and obligations.
Source: JOA News
Read More here – AICPA updates practice aid for digital assets
The National Pipeline Advisory Group has big ideas for growing talent, and a small request related to its efforts could prove invaluable for the profession.
Source: JOA News
Read More here – Pipeline Pledge: How small commitments can make a big difference
Workers who quit their job during the Great Resignation are significantly less satisfied than their colleagues who stayed, according to a new survey by The Conference Board. Their overall job satisfaction is down 5.6 percentage points.
Source: JOA News
Read More here – Great Resignation workers less satisfied than before
