2015 News Archive
 

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GWSCPA News

New Equal Pay Law in California May Be Nation's Strictest

California's new Fair Pay Act, which awaits Gov. Jerry Brown's signature, may be the nation's most aggressive attempt yet to close the salary gap between men and women. Supporters said the legislation, passed unanimously by the California Senate...

Millennials Struggle To Manage Credit While Boomers Express Confidence

America's population is in the midst of a major generational shift as Baby Boomers look toward retirement and a younger generation re-shapes the workforce. A national survey released today by loanDepot LLC, America's lender, suggests Americans...

What Accounting Firms Need to Know About Updating Salaries and Giving Raises

Are your accounting staff satisfied with their salaries? You might think so, right up to the moment your most productive team members hand in resignation letters. In a Robert Half survey, chief financial officers agreed inadequate salary and...

Scholarships for Nonprofit Staff to Attend 27th Annual Nonprofit Finance and Accounting Symposium

MEDIA RELEASE  The Greater Washington Society of CPAs FOR IMMEDIATE RELEASE    October 1, 2015 Attn: Ms. Kari Bedell kbedell@gwscpa.org   202-601-0567 www.gwscpa.org  The GWSCPA Educational Foundation is pleased to announce the availability of a...

PCAOB Refocuses Audit Firm Inspections

The Public Company Accounting Oversight Board released a document Thursday describing its main objectives, focus and scope when inspecting audit firms this year. According to the PCAOB staff inspection brief, the inspections staff is taking a...

FASB moves to simplify business combination accounting

FASB issued new guidance Friday designed to simplify accounting for adjustments made to provisional amounts recognized in a business combination. The requirement to retrospectively account for those adjustments is eliminated by the amendments in...

FASB Proposes Tweaks to Revenue Recognition Standard

The Financial Accounting Standards Board has issued a proposed accounting standards update to improve the guidance on collectibility, noncash consideration, and completed contracts at transition in the new revenue recognition standard. The...

Accounting for software at federal agencies addressed in proposal

A recent proposal is designed to address challenges that federal government agencies have experienced in accounting for internal-use software. Software development techniques have changed dramatically since the issuance in 1998 of Statement of...

Liability Risk on the Rise

Time for CPAs to check their malpractice coverage While CPAs may view themselves as innocent victims in a malpractice lawsuit, juries do not. They typically side with plaintiffs in suits brought against accountants. And being a defendant is never...

The Allure of Unclaimed Property

Passion is not a word normally associated with taxes and business compliance responsibilities. But passion is evident when people talk about abandoned and unclaimed property compliance. State government regulators are passionate about returning...