AICPA

The American Institute of CPAs has asked the Internal Revenue Service for more guidance on a provision of the Tax Cuts and Jobs Act that imposes a 21 percent excise tax on tax-exempt organizations that pay over $1 million in compensation, or so-called “excess parachute payments,” to top executives.

The AICPA president and CEO gave his annual update at the Accountants Club of America at a sold-out breakfast.

Failure to disclose a lack of independence or a conflict of interest can open the door for potential liability and litigation for both the accounting firm and its clients.

The Massachusetts Society of CPAs has launched a new program, dubbed "Bridging the Gap," to educate local firms about boosting diversity and inclusion in the workplace.

The Accounting and Review Services Committee has issued a new standard as part of an effort to align its standards with both international standards and generally accepted auditing standards.

Tax preparer groups are coming together to ask for more dedicated support.

The American Institute of CPAs and the National Association of State Boards of Accountancy have inked a mutual recognition agreement with the South African Institute of Chartered Accountants.

The California Society of CPAs will is seeking applications honoring Experienced Leaders, Emerging Leaders, and Trailblazers through Feb. 28.

American Institute of CPAs president and CEO Barry Melancon talked about the need for CPAs to learn new skills as hiring of accounting graduates has slowed and the CPA licensing model has come under threat in some states.

The annual program provides up to $20K and an internship to five diverse accounting students pursuing the CPA license.

A group of IRS stakeholder organizations has submitted a letter to the Treasury Department and the Internal Revenue Services with suggestions on the implementation of the Taxpayer First Act.

The American Institute of CPAs is supporting a new bill requiring the Comptroller General to present a Financial Report of the United States to all members of Congress.

Five college accounting students received $500 each for their creative entries answering the question, “Why do you want to become a CPA?”

The American Institute of CPAs’ Q4 2019 Personal Financial Satisfaction index (PFSi) has reached a new high for the seventh time in the last ten quarters after plummeting to record lows in the third quarter of last year, thanks to a late 2019 surge in the stock market.

The American Institute of CPAs’ Financial Reporting Executive Committee has proposed several working drafts of its guidance on the long-duration insurance accounting standard for insurance companies.

The institute has asked the IRS and the Treasury to issue a notice clarifying that relief will also apply to S corporations.

The American Institute of CPAs revealed the Q1 and Q2 target release dates for the 2020 CPA Exam on Monday.

The two proposals would offer guidance on implementing the Financial Accounting Standards Board’s new standards for long-duration insurance contracts and credit losses.

The American Institute of CPAs’ Digital Assets Working Group has released a practice aid to offer guidance on how to account for and audit digital assets such as Bitcoin and other forms of cryptocurrency.

The American Institute of CPAs' practice analysis on the exam found that newly licensed CPAs must have a greater understanding of data analytics and technology.