Economy

Organizations around the world lose an estimated 5 percent of their annual revenues to occupational fraud, for a total more than $3.5 trillion, according to the Association of Certified Fraud Examiners.

ALPFA, formerly known as the Association of Latino Professionals in Finance and Accounting, has named Charles P. Garcia as its new CEO, succeeding longtime CEO Manny Espinoza.

The National Conference of CPA Practitioners is questioning a proposal to reinstate a discontinued program that would allow private contractors to collect unpaid tax debts on behalf of the Internal Revenue Service.

The American Institute of CPAs has issued an exposure draft proposing changes in its standards for performing and reporting on peer reviews and engagement reviews of CPA firms.

The American Institute of CPAs is working with the College Board to develop an advanced placement course in accounting for high school students.

Rep. Jim Renacci, R-Ohio, a CPA, has introduced a bipartisan bill to bring more accountability and transparency to the federal government’s financial statements by making the Federal Accounting Standards Advisory Board more independent.

A task force at the American Institute of CPAs is urging CPAs to embrace new ways of learning and professional development to compete better in a rapidly evolving global marketplace.

American Institute of CPAs president and CEO Barry Melancon discussed the need for greater diversity at CPA firms as efforts at greater inclusion seem to be running into some headwinds.

The American Institute of CPAs is pushing back against a proposal by Internal Revenue Service commissioner John Koskinen to offer a form of voluntary tax preparer certification after a series of court rulings invalidated the IRS’s efforts to require mandatory testing and continuing education of preparers.

The American Institute of CPAs has honored CPAs Vern Hoven and Sharon Kreider with the 2014 Sidney Kess Award for Excellence in Continuing Education.

CPA2Biz, the business and technology subsidiary of the American Institute of CPAs, has changed its company name to CPA.com to more closely align with its mission of “empowering CPAs and businesses for the digital age.”

The American Institute of CPAs has presented its AICPA Medal of Honor to Gary M. Scopes and its Public Service Award to Diane Cornwell.

The New York State Society of CPAs installed its 95th president, Scott Adair, at a gala event last week in New York City.

Small and midsize businesses in the U.S. benefit from government and private sector initiatives that support them from the start-up stage through enterprise development stages and beyond, according to a new report from the Association of Chartered and Certified Accountants and Delta Economics.

California Society of CPAs CEO Loretta Doon, Missouri Society of CPAs president and CEO Jim O'Hallaron and South Carolina Association of CPAs CEO Erin Hardwick Pate discuss the work of the CPA Society Executives Association with Accounting Today editor-in-chief Daniel Hood.

South Carolina Association of CPAs CEO Erin Hardwick Pate, California Society of CPAs CEO Loretta Doon, and Missouri Society of CPAs president and CEO Jim O'Hallaron talk about the challenges faced by state CPA societies, in an interview with Accounting Today editor-in-chief Daniel Hood.

California Society of CPAs CEO Loretta Doon, South Carolina Association of CPAs CEO Erin Hardwick Pate and Missouri Society of CPAs president and CEO Jim O'Hallaron discuss the challenges faced by the members in their states, in an interview with Accounting Today editor-in-chief Daniel Hood.

The American Institute of CPAs’ Auditing Standards Board has issued three auditing interpretations in response to the new Governmental Accounting Standards Board pension standards.

Accounting Today and the National Conference of CPA Practitioners have announced the agenda of their annual Accounting Technology Forum, which will take place June 24-25.