2015 News Archive
 

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GWSCPA News

IASB proposes annual improvements, change to investment property standard

The International Accounting Standards Board (IASB) published two exposure drafts Thursday, proposing a narrow-scope amendment to its investment property standard and amendments to three other standards as part of its annual improvements process....

IRS, States and Tax Prep Companies Launching Security Awareness Campaign for Taxpayers

The Internal Revenue Service is beginning the next round of its battle against tax-related identity theft by debuting a public awareness campaign to persuade more taxpayers to safeguard their personal information, in conjunction with tax...

Women see far more partnership gains with small firms than with large ones

While women now hold the top U.S. jobs at two of the Big Four accounting firms, smaller firms have made the most progress in bringing women into the partnership ranks, a new AICPA survey shows. The AICPA CPA Firm Gender Survey, released Monday,...

It is National Security Month, But Payroll Security Is An Everyday Effort

November is National Security Month and there will be a lot of focus on making sure data of all kinds is secure. Your clients rely on you to keep their payroll data safe and secure all year-long, not just during the month of November. Therefore,...

CFOs Reveal Their Top Issues for 2016

What will CFOs be spending their time on next year? Preserving margins and sustaining or improving earnings performance top the list, says Protiviti. What are finance executives’ top priorities for 2016? Consulting firm Protiviti tries to...

FASB lease standard gets preliminary approval

New requirements that will bring lease assets and liabilities onto company balance sheets are expected to be issued in early 2016 after FASB voted 6–1 Wednesday to send its leases standard for final drafting. The new standard will include...

More than half of clients underestimate their retirement expenses

Underestimating certain key factors in financial planning can leave retirees in difficult circumstances at a time that is supposed to be their golden years. According to an AICPA survey, many people planning for retirement make the mistake of...

Interruptions are top challenge for not-for-profit finance execs

Guiding strategy is one of many duties CFOs often perform as their focus in organizations has expanded far beyond their financial statement responsibilities. In not-for-profit organizations, finding time to concentrate on strategy often is a...

Accounting Linked to Prosperity and Better Living Standards

The accounting profession is strongly linked to national economic growth and improved living standards and is estimated to contribute $575 billion annually to the global economy, according to a new report. The study, conducted by the Centre for...

Expats Worried over Passports Being Revoked for Tax Debts

An advocacy group for U.S. expatriates, American Citizens Abroad, is sounding the alarm about a provision in Congress’s highway funding bill that would revoke the passports of people who owe more than $50,000 in taxes. The House and Senate...