Economy

The AICPA urged the IRS to act quickly to relieve the administrative burden on small business taxpayers from the tangible property regulations.

While there are many well-equipped organizations for accountants in the United States and Europe, much of the developing world is still missing robust groups that can foster development of ethical practices for accountants and look out for their interests.

The Certified General Accountants Association of Canada (CGA-Canada) has joined CPA Canada, completing the long and sometimes fractious process of integrating the country's national accounting bodies.

The AICPA is working on the next iteration of the CPA Exam.

Buffalo CPA Jerry Mazurkiewicz has been named the 2014 winner of the Michael H. Urbach CPA Community Builders Award by the New York State Society of CPAs.

The American Institute of CPAs has submitted comments to the Internal Revenue Service and the Treasury Department relating to the issue of material participation by a trust or estate in a trade or business for purposes of section 469 of the Tax Code.

Expanding businesses into new markets brings with it a slew of new factors to consider: globalization, digitization, and company culture, to name a few. Recognizing these obstacles, the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA) have released Chartered Global Management Accountant (CGMA) reports entitled Rethinking the Value Chain, a series designed to help businesses reevaluate opportunities in emerging markets and strengthen their value chains.

The American Institute of CPAs’ Auditing Standards Board has issued a third exposure draft resulting from its Attest Clarity Project, in an effort to address concerns about the clarity, length and complexity of the attestation standards for CPAs.

A new series of research reports from the American Institute of CPAs and the Chartered Institute of Management Accountants examine the various weak links in a company’s value chain and what business leaders can do about them.

The American Institute of CPAs has reorganized some of the content of its auditing and attestation standards.

The Digital Currency Council, a new professional association that aims to foster best-in-class practices for accountants, lawyers and financial professionals in the digital currency economy through training, certification and support has been established.

The American Institute of CPAs has written a letter to Congress asking lawmakers to address the uncertainty about dozens of expired tax breaks and about-to-expire breaks that could complicate next tax season for practitioners.

In an effort to maintain the cash method over the accrual method as the standard means of accounting for tax purposes, a bipartisan majority in the House of Representatives--comprised of 233 members--issued a letter to House leader John Boehner (R-Ohio) and other House leaders on Tuesday, stating that the accrual method "will have a severely detrimental impact on thousands of businesses in our districts."

A bipartisan majority of the House of Representatives comprising 233 members have signed a letter urging the House leadership to preserve the cash method of accounting for tax purposes, writing that proposals requiring a transition to the accrual method “will have a severely detrimental impact on thousands of businesses in our districts.”

The Indiana CPA Society has released its first integrated report, becoming the first state CPA society in the U.S. to prepare its own integrated report.

A new report from Institute of Management Accountants and the Association of Chartered Certified Accountants stresses the importance of strong partnerships between the finance department and other business departments to deliver data insights for better decision support.

The National Society of Accountants honored a number of accountants and NSA Affiliated State Organizations who made strong contributions to the accounting profession at its 69th Annual Meeting in Baltimore.

Holders of the Certified Management Accountant certification enjoy greater earning power, according to a new salary survey by the issuer of the CMA credential.