CPA Never under estimate the value
A letter from the Employee Benefit Plan Audit Quality Center addresses nondisclosure agreements and recommends actions that auditors can take to avoid running afoul of legal, regulatory, or professional standards.
Source: JOA News
Read More here – Warning for EBP audit firms: Service agreements creating headaches
The AICPA and the National Association of State Boards of Accountancy expanded international testing availability of the U.S. CPA Exam to the Philippines with three testing centers.
Source: JOA News
Read More here – CPA Exam to be offered in the Philippines
The new section is related to the measurement of items recognized in financial statements. It completes the board’s framework.
Source: JOA News
Read More here – FASB issues new chapter of Conceptual Framework
Grant Thornton’s Q2 2024 CFO survey found that 58% of CFOs are optimistic about the U.S. economy — the highest level of optimism since the third quarter of 2021. Plus, a rising percentage of CFOs expect profits to grow in the next 12 months.
Source: JOA News
Read More here – Survey: CFO optimism reaches highest level in 3 years, new survey shows
The IRS is collecting on tax liabilities that were not “even in dispute,” Commissioner Danny Werfel said, but the IRS did not previously have the resources to pursue payment.
Source: JOA News
Read More here – IRS collects billion from high-income people who owed back taxes
Practitioners who once contemplated changing professions share strategies that changed their lives for the better — at the office and away from it.
Source: JOA News
Read More here – Taxed at work? 4 keys to staying healthy, happy, and productive
The number of financial restatements filed with the SEC dropped by more than 50% from 2013 to 2022, according to a Center for Audit Quality study.
Source: JOA News
Read More here – Financial restatements drop, a good sign for reporting quality
Incorporating the case-study method provides a way to improve accounting and finance student engagement.
Source: JOA News
Read More here – Using case studies to boost student participation and performance
The proposed regulations apply to overpayments of interest on erroneous refunds of COVID-19 credits paid on or after July 2.
Source: JOA News
Read More here – Proposed regs. address interest recapture on excess COVID-19 credits
A survey by the AICPA shows that almost two-thirds of tax professionals say it takes over 90 days to get a substantive response from the IRS to correspondence.
Source: JOA News
Read More here – Tax pros: IRS improving, but getting the right answer takes too long
