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GWSCPA's FISC comments on March 2017 Exposure Draft

In March 2017, the GWSCPA's Federal Issues and Standards Committee provided comments on the Federal Accounting Standards Advisory Board's (FASAB) Exposure Draft (ED) on Budget and Accrual Reconciliation . You can read the response, and other...

Private Company Council Seeks Nominations

Today the Financial Accounting Foundation (FAF) Board of Trustees issued a request for nominations for the Private Company Council (PCC). The Trustees are seeking candidates for three upcoming member vacancies on the PCC: One CPA practitioner,...

2017 Board Nominations

In over ninety years as the premier membership organization serving the CPA profession in the Washington area, we have seen a great number of outstanding and influential leaders at the GWSCPA. Now, it could be your turn... The GWSCPA Nominations...

CliftonLarsonAllen Announces Career Achievements in Arlington

The National Association of State Boards of Accountancy has released for the first time in history an official CPA population statistic representing the total number of individual, U.S.-licensed CPAs. As of April 22, 2016, there are 664,532...

2016 W2W Press Release

The National Association of State Boards of Accountancy has released for the first time in history an official CPA population statistic representing the total number of individual, U.S.-licensed CPAs. As of April 22, 2016, there are 664,532...

New cyberattacks threaten tax professionals

The Internal Revenue Service issued a warning to tax practitioners on Friday about a new wave of cyberattacks. The attacks allow criminals to take control of tax practitioners' computers and file fraudulent returns. Journal of Accountancy online

A steadier outlook for the economy

Optimism about the U.S. economy, which soured in the first quarter, rebounded in the most recent survey of CPA executives in business and industry. Projections for revenue, profit, and expansion plans, down slightly year over year, are higher...

10 Ways to Protect Your Firm Against a Cyber-Invasion

The average length of time between a new computer being hooked up to the Internet and its being targeted by hackers is six minutes, experts warn -- so it’s critical to establish a defense in depth against cyber-invasion. “Set up a...

Massive Asset Transition Offers Big Opportunity for Advisors

As the Baby Boomers move into retirement, their $50 trillion in assets will move with them -- and they’ll need professional help with the transition, according to Roger Ochs, president and CEO of broker-dealer HD Vest Financial Services. n...

Preventing Corporate Inversions May Risk U.S. Economic Health

The U.S. Treasury Department’s continuing attack on inversions claimed its latest victim this week, ending the deal between US based fertilizer maker, CF Industries, and its smaller Dutch counterpart, OCI. The recently announced proposed...