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.