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.