Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
September 3, 2014
Jim Dolinar to Head AICPA Financial Reporting Executive Committee
Dolinar, 55, is managing partner of the Assurance Professional Practice, national office of Crowe Horwath LLP, Chicago, Ill. As chairman, he will head one of the Institute’s most important volunteer bodies. It serves as the AICPA’s official voice on financial reporting matters and develops industry-specific accounting guidance. The committee’s membership includes representation from business and…
September 2, 2014
FASB Commended for Update to Financial Guidance Reporting of Going Concern Entities
"“The CAQ commends FASB for its efforts in developing a standard that provides guidance regarding a preparer’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern, and, where required, to provide footnote disclosures about going concern uncertainties each reporting period," said executive director Cindy Fornelli.
August 27, 2014
New Tool Helps Auditors Avoid Judgment Tendencies, Traps, and Biases
The Center for Audit Quality (CAQ) has released the Professional Judgment Resource, a guide designed to provide auditors with an example of a decision-making process to facilitate important auditing and accounting judgments in a professionally skeptical manner.
August 26, 2014
Accounting Firm Case Study Looks at Challenge of Over-Auditing
A new accounting firm case study examines the challenge of "over-auditing," and the effects it can have on efficiency.
August 20, 2014
Review Assesses Implementation of GASB Capital Asset Impairment Standard
An accounting standard for state and local governments that addresses the impairment of capital assets and insurance recoveries provides important information to users of financial statements and resolves some but not all of the issues underlying its purpose.
August 11, 2014
AICPA Recognizes Michigan Gov. Snyder with Impact Award
Michigan Governor Rick Snyder, a credentialed Certified Public Accountant, has received the American Institute of CPA's 2014 Outstanding CPA in Government Impact Award: State Level.
August 8, 2014
Professionals on the Move – August 8, 2014
A weekly roundup of professionals in the tax and accounting profession that have changed jobs and/or been promoted.
August 8, 2014
AICPA Looks for Ways to Enhance Audit Quality
Building on CPAs’ long-standing commitment to provide high-quality services that protect the public, the American Institute of CPAs (AICPA) has issued a discussion paper for all stakeholders in the audit process of private entities. The discussion paper summarizes the Institute’s multi-faceted effort that is designed to help auditors excel in a fast changing and complex…
August 4, 2014
Tax Scams Are a Major Concern for Taxpayers
A majority of U.S. taxpayers view tax scams as a major issue for them, with 78 percent of Americans believing they are vulnerable and could become a victim.
July 31, 2014
PwC Report Examines Cyber Risks for Companies
A new report from PwC US and the Investor Responsibility Research Center Institute (IRRCi) indicates that while companies must disclose significant cyber risks, those disclosures rarely provide differentiated or actionable information. The report examines key cybersecurity threats to corporations and provides information to investors struggling to evaluate investment risk, business mitigation strategies and the quality…
July 30, 2014
Confirmation.com Acquires U.K. Electronic Audit Confirmation Firm
The acquisition reinforces Confirmation.com’s position as the global provider of secure online audit confirmation services and brings in ProConfirm’s local expertise of the UK and European markets.
July 30, 2014
AICPA Amends Standards on Comfort Letters
The changes, which take effect December 15, 2014, are meant to address unintended changes to previous practice as a result of its Clarity Project.