The Latest

The Financial Accounting Standards Board issued an accounting standards update on Wednesday deferring by one year the effective date of the converged revenue recognition standard that it released last year with the International Accounting Standards Board.

By definition, analytical procedures involve a process of analytically detecting ways to decrease time and increase efficiency.

The American Institute of CPAs has sent a comment letter to the Financial Accounting Standards Board weighing in on proposed changes in accounting standards for not-for-profits and saying they could create divergence from the financial reporting model used by for-profit businesses.

Members of the House Ways and Means Oversight Subcommittee sent a letter Wednesday urging the Internal Revenue Service to return money it had seized from a Maryland farming couple simply because they deposited money in the bank in amounts under $10,000.

Comedian and CPA Greg Kyte is taking Comedy CPE to Seattle later this month. The two-hour fraud class, titled “Holy Mother of Fraud,” will be held downtown at Comedy Underground, Seattle’s oldest comedy club.

The Institute of Certified Public Accountants in Ireland and the Institute of Chartered Accountants of Bangladesh have signed a memorandum of understanding to provide an online CPA Certificate in IPSAS Financial Reporting in Bangladesh.

Top 100 Firm Grant Thornton LLP’s senior vice chairman, Stephen Chipman, has elected to retire early from the firm in order to pursue new opportunities in line with his professional ambitions, effective October 31, 2015.

Some of our favorite recent tax fraud cases.

Highlights of some of our favorite tax-related blogs from the past week.

DSD Business Systems announced the addition of Acumatica to their portfolio of accounting solutions that includes Sage 100, 300 and 500.