2015 News Archive
 

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GWSCPA News

Accounting Salaries Expected to Rise Next Year

Average starting salaries in accounting and finance are expected to rise 4.7 percent next year, according to a new salary guide from the staffing company Robert Half. The 2016 Salary Guide forecasts steady demand for professionals such as...

A principal? Or an agent? FASB proposal aims to clarify.

FASB on Monday proposed changes to the new revenue recognition standard that are meant to clarify how to determine whether an entity is a principal or an agent in a contract. Under the new revenue recognition standard, an entity is required to...

Forensic Accountant Show Heads to Network TV

Coming to the TV schedule later this year is a new series about a fraud investigator who finds out that her fiancé is trying to defraud her, and she is determined to turn the tables on him before he devastates her forensic accounting career. The...

10 Ways to Secure Your Mobile Device

Phone in one hand, coffee in the other you check your Facebook, glance at today’s news on your CNN app, and view email. Maybe you do a quick check on your bank account balance, or take advantage of an online sale from your favorite store....

What Will the CFO Role Look Like in 2020?

As business becomes more global, regulated, competitive, and digital, CFOs can expect their role to continue to evolve. Many of them — particularly those outside high-tech industries — are still struggling to understand how to harness...

IRS Sued for Data Breach

A group of law firms has filed a class-action lawsuit against the Internal Revenue Service on behalf of an estimated 330,000 taxpayers who were affected by a data breach in the IRS’s online Get Transcript application. IRS Commissioner John...

Congress has passed a variety of tax provisions so far in 2015

Before leaving for its August recess, Congress passed a three-month extension of funding for the Highway Trust Fund, funding which was set to expire on July 31, 2015. The legislation includes several tax-related provisions. Congress had also...

Accounting Workers Confident about Finding New Jobs

Sixty-two percent of finance and accounting workers said they are confident about their ability to find a new job, while 78 percent believe it is unlikely they will lose their jobs over the next 12 months, according to a new survey. The online...

IRS Warns Obamacare Tax Credit Recipients

The Internal Revenue Service is sending letters to taxpayers who received advance payments of the premium tax credit in 2014, but who have not yet filed their tax returns. The IRS is warning them they must file a tax return to reconcile any...

How internal audit can help manage 10 top technology risks

Many of the top risks organizations face today are related to technology. As a result, internal auditors are paying close attention to areas such as cybersecurity, data privacy, and social media. These areas—and others related to...