The Latest

The American Institute of CPAs’ Examinations Team has published a guide to the major changes that will appear on the Uniform CPA Examination starting on Jan. 1.

The IFRS Foundation, the body responsible for the adoption of International Financial Reporting Standards and the oversight of the International Accounting Standards Board, has announced the membership of the newly created SME Implementation Group.

IMGCAP(1)] Dear Rebecca,

IMGCAP(1)]The Financial Accounting Standards Board recently issued an exposure draft on revenue recognition that is expected to have a significant impact on accountants, auditors and entities alike.

After successfully beating back legislation in Congress to raise federal taxes on the earnings of hedge fund managers, hedge funds have also succeeded in preventing New York State from raising their taxes.

Bernard Madoff’s former accountant David Friehling has lost his CPA license after the New York State Department of Education, which licenses CPAs, charged him with multiple counts of professional misconduct.

Private sector employment increased by 42,000 from June to July on a seasonally adjusted basis, mainly due to hiring at small and midsized businesses, according to the latest report from payroll giant ADP.

The Securities and Exchange Commission has charged a former Deloitte & Touche LLP partner and his son with insider trading in the securities of several of the firm’s audit clients, and they have agreed to pay more than $1.1 million to settle the SEC’s charges.

The Internal Revenue Service is realigning its Large and Mid-size Business Division to focus more on improving international tax compliance.

The vast majority of U.S. business executives are against the imposition of a value-added tax and would need time to prepare for it, according to a new poll.