Economy

The International Federation of Accountants has released guidance to help professional accountancy organizations with their advocacy and public policy efforts, along with a proposed compliance strategy for IFAC member bodies around the world.

The Private Company Council that the Financial Accounting Foundation created three years ago appears to be fulfilling its mission of providing relief for privately held companies from onerous accounting requirements, but some groups are worried that it will lose its powers and independence.

The Institute of Certified Public Accountants in Ireland, also known as CPA Ireland, has signed a memorandum of understanding with the Association of Certified Accountants and Auditors of Belarus, further extending the Institute’s international network and influence in Europe.

The American Institute of CPAs has created a new membership section for practitioners and others who serve or work for the not-for-profit sector.

Big Bang ERP has joined the NetSuite solution provider program, bringing the cloud business management suite to businesses in the industries of retail, wholesale distribution, manufacturing, services and software.

The International Ethics Standards Board for Accountants has re-exposed a proposed standard to guide auditors, other professional accountants in public practice, and professional accountants in business to help them decide how best to act in the public interest when they come across an act or suspected act of non-compliance with laws and regulations.

The Indiana CPA Society marked its 100th anniversary on Wednesday, May 6.

CPAs and accountants need to focus their organizations on anticipating change, rather than merely responding to it, according to futurist and technology educator Dan Burrus.

The ITA announced four new members and awarded two members Emeritus status during the annual Spring Collaborative.

It’s official. Governor Nikki Halley has declared May 6 to be CPA Day in South Carolina.

The International Federation of Accountants has convened the first meeting of a coalition of major accounting firms, civil society groups and international organizations to develop strategies to encourage high-quality public sector financial reporting, greater government transparency and accountability, and empowered citizen engagement.

Senior financial professionals polled by the Institute of Management Accountants reported little impact on their hiring plans as a result of the Affordable Care Act.

The AICPA identified eight issues it believes are essential for Congress to consider in order to achieve small business tax reform in written testimony submitted last week to the House Small Business Committee for the record of the hearing the committee held on April 15, 2015 entitled, “Tax Reform: Ensuring that Main Street Isn’t Left Behind.”

The American Institute of CPAs has issued a set of questions and answers on the services a practitioner can provide in connection with the American Land Title Association’s Best Practices Framework for real estate settlement.

The American Institute of CPAs recommended to the Internal Revenue Service that the de minimis safe harbor threshold amount under the tangible property regulations for small business taxpayers without an applicable financial statement be increased from $500 to $2,500.

The Maryland Association of CPAs scored some wins for its members in the Maryland State House this session after lobbying lawmakers earlier this year.

The American Institute of CPAs has sent a set of proposals outlining its recommendations for permanent tax provisions related to disaster relief.

The National Association of State Boards of Accountancy announced that CPAverify.org, its national registry of CPAs, has now integrated data from its 50th state board.

The Institute of Management Accountants has signed a new strategic partnership and opened eight new chapters in India.

Retention of staff members is the top issue cited by Maryland CPA firms, according to a new survey by the Maryland Association of CPAs, followed by finding qualified people.