Economy

The 2016 VAR 100

The Indiana Board of Accountancy approved a change Friday in its rules for renewing a CPA license, allowing competency-based education, as opposed to hours-based education, to count toward the requirement.

The Institute of Management Accountants has released an exposure draft of a proposed Management Accounting Competency Framework in an effort to fill the skills gap for accountants who choose careers in private industry.

Charles Tilley, the longtime leader of the London-based Chartered Institute of Management Accountants, is stepping down following the recent approval of an international accounting association jointly run with the American Institute of CPAs.

Xero has released its content pack integration with Microsoft Power BI, a software that organizes data visually.

Top 10 accounting software reseller Net@Work has named Paul Frydman its new chief operating officer.

The American Institute of CPAs has issued two new exposure drafts, including a proposal to update auditing standards surrounding going-concern evaluations.

The Rhode Island Society of CPAs announced its new chairman and four new board members.

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.

Bellevue, Wash.-based Acumatica, a developer of cloud-based accounting and enterprise resource planning software, has initiated a long-term agreement with German software vendor Lexware to bring cloud-based ERP solutions to the German market.

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.

Princeton, N.J.-based Top 100 Firm WithumSmith+Brown has struck a deal to become a NetSuite solution provider.

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.