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PCAOB Tries Again to Change Audit Report Format

The Public Company Accounting Oversight Board is taking another stab at overhauling the auditor’s reporting model. The PCAOB first proposed changes in audit reports in 2013 and heard extensive feedback on the proposals. On Wednesday the...

Filing Deadline Approaches for Tax-Exempts

Many tax-exempt organizations have a filing deadline for Form 990-series information returns on May 16 -- and the IRS cautioned these groups not to include Social Security numbers or other unneeded personal information in their filings....

How to find time to study for the CPA exam

Ryne Olson knows what it’s like to be busy.¬† She works at Feniks & Co. LLC in Fairbanks, Alaska. When she’s not there, she’s running her own dog-racing team, Ryno Sled Dog Kennel. And earlier this year, her team competed in the...

Half of American families with student loan debt delay saving for retirement

Channeling money into a retirement fund in your 20s and 30s can pay big dividends when it’s time to stop working. But a new AICPA poll finds student loan debt is increasingly weighing on adults in the United States. Half of Americans who...

Trump Won't Release Tax Returns Before Election

If you’re waiting for Donald Trump to release his income tax returns to the public, don’t hold your breath. It likely won’t be happening until after the election. The presumptive Republican nominee for the presidency has...

Is Your Firm Using An Outdated Business Model?

Accounting thought leaders often cite "relevancy” as a major issue facing the CPA profession. The business graveyard is littered with major industries that went into decline because they failed to adapt to change, thinking “if it...

Advancements in Technology Are Driving Risk of Tax Controversy

As tax authorities at the state and federal level pay greater attention to digital business models, and those authorities themselves adopt advanced technologies, controversy and enforcement now top all tax risk for 2016. That's according to a new...

FASB Tweaks Revenue Recognition Standard

The Financial Accounting Standards Board has released a new accounting standards update providing “narrow-scope improvements and practical expedients” for the revenue recognition standard that it converged with the International...

PCAOB considers changing focus of inspections

Enhancements in audit quality and audit firms’ quality-control procedures have the PCAOB considering changes in the focus of its inspection program, PCAOB member Jeanette Franzel said Thursday. “In light of significant improvements...

The Management Accounting Profession Will Double by 2024 - Are We Prepared?

As a management accountant and a CEO, I know first-hand the field continues to grow and expand. I was happy to learn that the Bureau of Labor Statistics expects management accountants and auditors to experience double-digit growth through 2024....