Associations

The AICPA drafted a new comment letter to the U.S. Department of the Treasury and the IRS today, calling for a delay in the effective date of Internal Revenue Code Section 385 proposed regulations (REG-108060-15), which relates to the treatment of certain interests in corporations as stock or debt for federal tax purposes. The AICPA also urged that exceptions to the proposed regulations be provided as part of its numerous technical comments and recommendations.

The International Federation of Accountants has been trying to build the reach and influence of the accounting profession in emerging markets in Africa, Asia and other parts of the world.

While accountants may be other people’s most trusted advisors, when it comes to their own lives, they put the most trust closer to home: with their spouses.

Several state CPA societies have announced new leaders this past week, including California, Minnesota, New Jersey and New York.

The president of the IMA on the future of management accounting

My partner, Frank Boutillette, just completed his term as president of the New Jersey Society of CPAs. I was asked for some reflections and want to share them with you. I think there are interesting things here that could add insights in how we ran our practice.

A new international accounting association proposed by the American institute of CPAs and the Chartered Institute of Management Accountants was overwhelmingly approved in separate votes by the organizations' members.

The recent AICPA/NASBA CPE Standards Exposure Draft comment period ended on April 30. This was actually a “re-exposure” because of the volume and nature of comments received on the original exposure draft. But it really isn’t clear what these proposed revised CPE standards are trying to accomplish.

The American Institute of CPAs has sent comments to the Internal Revenue Service and the Treasury Department on proposed regulations for estate tax basis reporting.

Forget about Yul Brynner, Steve McQueen, Charles Bronson, James Coburn, Robert Vaughn, Horst Buchholz and Brad Dexter. Accountants need a “Magnificent Seven” set of attributes to survive in today’s business environment, according to new research from the Association of Chartered Certified Accountants.

The American Institute of CPAs is working with the American Society of Appraisers, the Royal Institution of Chartered Surveyors and other organizations on issues facing the valuation profession and how to address them, including a new credential to enhance consistency and transparency in the fair value measurement process.

The National Association of State Boards of Accountancy has released for the first time in history an official CPA population statistic representing the total number of individual, U.S.-licensed CPAs.

The American Institute of CPAs has asked the Internal Revenue Service and the Treasury Department for the IRS to set up a separate user fee category for private letter ruling requests for S corporations, which would result in lower fees for these requests.

The American Institute of CPAs has sent a comment letter to the Internal Revenue Service about Notice 2015-54, Transfers of Property to Partnerships with Related Foreign Partners.

Chart-topping singer Dionne Warwick sang for the New York State Society of CPAs at the NYSSCPA Foundation for Accounting Education’s annual gala Thursday evening, raising funds for young students interested in entering the accounting field.

Despite comprising nearly half of our country’s population, women hold significantly fewer positions of leadership than their male counterparts. This is across the board, spanning both the public and private sectors.

The Institute of Management Accountants has published a book featuring case studies on management accounting collected by editors of one of the IMA’s academic journals.

The American Institute of CPAs is asking the Internal Revenue Services to make some changes to a form that tax-exempt groups use to report on transactions with “interested persons.”

The National Association of Enrolled Agents announced the members of its new board of directors.

QuickFee, a service that allows accounting firms to bill clients through an installment plan, has recently expanded into the U.S. from Australia and New Zealand, focusing on large accounting firm networks.