Audit & Accounting

The American Institute of CPAs has introduced two new tools to help CPA firms and organizations expand and enhance their diversity and inclusion efforts.

Let’s not kid ourselves. Financial statement auditing as we know it is facing a crisis of relevance in today’s capital markets.

The American Institute of CPAs is getting ready to roll out its long-awaited update of compilation and review standards for CPAs, Statement on Standards for Accounting and Review Services No. 21 (SSARS No. 21), one of the most significant revisions in non-audit standards in the last 35 years.

The final day of the American Institute of CPAs’ 2014 Fall Meeting of Council in Boston saw the AICPA Nominations Committee induct the next class of Board and Council members, including newly elected 2014-15 chair of the board Tommye Barie.

A majority of board members at public companies want Congress to pass broad-based tax reform legislation to address corporate tax inversions, according to a new survey.

The American Institute of CPAs has asked the Equal Employment Opportunity Commission to reject appeals by EEOC staff to investigate and litigate against accounting firms about their mandatory partner retirement provisions, saying in a letter Monday that the classification of partners as employees would be disruptive to the accounting profession and its business practices.

AICPA president and CEO Barry Melancon delivered the keynote speech at the 2014 Fall Meeting of Council in Boston on Monday, discussing the unprecedented changes he foresees in the accounting profession in the coming years.

On Sunday, the first day of events at the AICPA’s 2014 Fall Meeting of Council in Boston, Mass., the state of the Uniform CPA Examination proved to be a key topic, with plans to ultimately release a new version of the Exam by 2017.

Our fifth annual Growth & Profitability Summit is coming up in early November, and editor-in-chief Dan Hood explains why you owe it to yourself and your firm to attend -- however you have to get there.

In an Oct. 16 letter to the IRS, the AICPA questioned the ordering rule under Internal Revenue Code section 1368, asserting that an ambiguity exists under current rules for determining adjustments to the accumulated adjustment account (AAA) of an S corporation.