Accounting Today

Accounting Newswire

• Report from Council: CGMA Exam Details Emerge

  May 20, 2013

  In a panel featuring members from industry at the Spring Meeting of Council of the American Institute of CPAs, institute senior vice president Arleen Thomas shared some of the details of the upcoming exam for the Certified Global Management Accountant credential.

• Wolters Kluwer Acquires Brazilian Tax and Accounting Software Developer Prosoft

  May 20, 2013

  Wolters Kluwer has acquired Prosoft Tecnologia, a provider of tax and accounting software based in Sao Paolo, Brazil.

• AICPA Votes to Allow Revised Definition of Attest Services

  May 20, 2013

  The American Institute of CPAs voted to allow changes in the definition of “attest” during its Spring Meeting of Council on Sunday in an effort to fend off competition from non-CPA firms and unlicensed CPAs who offer attest services using AICPA standards.

• IRS Debuts Discovery Tool for International Taxpayers

  May 17, 2013

  The Internal Revenue Service’s Large Business & International division and its Wage and Investment division have teamed up to create a discovery tool for taxpayers with international filing requirements.

• New River Enhances Beyond415 Workcenter and Guidance

  May 17, 2013

  New River Innovation has enhanced its Beyond415 WorkCenter and Beyond415 Guidance products, including a simplified user interface, interactive file system, automatically saved documents, and guidance on the core phases of tax practice and procedure work.

• IRS to Refund Fees for Canceled Tax Preparer Tests

  May 17, 2013

  The Internal Revenue Service said it would refund fees collected for registered tax return preparer tests that were canceled due to a court injunction.

• Outgoing IRS Chief Miller Denies Targeting at Congressional Hearing

  May 17, 2013

  Steven Miller, who is being forced out as acting commissioner of the Internal Revenue Service, said the agency has learned from its mistakes while denying that it had targeted nonprofit groups for review because of their political views.

• Group Challenges IRS Tax-Exempt Criteria

  May 17, 2013

  The advocacy group Citizens for Responsibility and Ethics in Washington is continuing to press ahead with a lawsuit against the Internal Revenue Service to force it to reject tax exemptions from political groups, despite a high-profile scandal over improper screening of Tea Party and other conservative groups.

• Deutsche Bank’s Kirkland Becomes NYSSCPA President

  May 17, 2013

  J. Michael Kirkland, CPA, a director in the Deutsche Bank AG, Accounting Policy and Advisory Group, was installed as the 2013–2014 president of the New York State Society of CPAs’ board of directors.

• Transparency in Fraud Fighting

  May 17, 2013

  Fraud fighters today face many of the same challenges as they did at the start of the last century, a leading investigator told accountants, academics and attorneys at the Fraud & Forensic Accounting Education Conference May 16 in Atlanta.

• People News: May 17. 2013

  May 17, 2013

  New hires, promotions and MTV Cribs parody…

• Firm News: May 17. 2013

  May 17, 2013

  Best places to work for recent graduates, office relocations and more...

• Senate Looks at Small-Biz Tax Reform

  May 16, 2013

  Despite other hearings being held in Washington this week of a more political nature, it’s nice to know that the Ways and Means Committee is continuing to search for ways to make life easier for small businesses, at least as far as complying with the Tax Code. A hearing was held by the Subcommittee on Select Revenue Measures on Wednesday, May 15, on the Ways and Means Small Business Tax Reform Discussion Draft.

• Thomson Reuters Launches Partner Summit Series

  May 16, 2013

  The Tax & Accounting business of Thomson Reuters launched its sixth annual series of Partner Summits this week with a two-day event in Houston.

• Obama Appoints OMB Official as Acting IRS Commissioner

  May 16, 2013

  (Bloomberg) President Barack Obama appointed Daniel Werfel, controller of the White House budget office, as acting commissioner of the Internal Revenue Service.

• KPMG Tops Q1 SEC Audit Wins

  May 16, 2013

  Big Four firm KPMG led the pack among large and national firms in the market for Securities and Exchange Commission audit clients in the first quarter of 2013, with a net of seven new clients.

• FASB Suggests Changes to GAAP Taxonomy

  May 16, 2013

  The Financial Accounting Standards Board is looking for comment on proposed structural changes to the U.S. GAAP Taxonomy.

• AccuFund Launches Cloud-Based Nonprofit Software

  May 16, 2013

  AccuFund Inc., a developer of accounting software for nonprofits and governments, has released AccuFund Anywhere, a cloud-based version of its AccuFund Accounting Suite that will allow users to access its core functionality from any Web browser.

• FASB, IASB Propose Major Changes to Lease Accounting

  May 16, 2013

  The Financial Accounting Standards Board and the International Accounting Standards Board have released for comment a revised exposure draft proposing significant changes to the standards for accounting for leases.

• IRS Commissioner Fired Over Tea Party Targeting

  May 15, 2013

  President Obama announced during a press conference late Wednesday afternoon that he had asked for and received the resignation of Acting IRS Commissioner Steven T. Miller, over the recently revealed news that the agency had been targeting for extra scrutiny the applications of Tea Party and similar groups for tax-exempt status.