Economy

The American Institute of CPAs has sent a letter outlining a set of legislative proposals to the leaders of Congress’s two main tax committees, the House Ways and Means Committee and the Senate Finance Committee, recommending ways to simplify the tax laws and make them fairer.

The American Institute of CPAs and the Chartered Professional Accountants of Canada have reached an agreement to give CPAs in both the U.S. and Canada access to the same technical resources and credentials that signify advanced proficiency in the disciplines of forensic and technology advisory services to promote greater consistency across North America.

The National Association of State Boards of Accountancy has written a letter to the Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board, questioning the FAF’s recent decision to contribute up to $3 million to the International Financial Reporting Standards Foundation, the parent of the International Accounting Standards Board.

The American Institute of CPAs’ Auditing Standards Board has released a standard on using the work of internal auditors.

The New York State Society of CPAs is calling on the Securities and Exchange Commission to tighten its proposed regulations on crowdfunding, arguing the proposals would loosen the rules to the detriment of unwary investors.

The American Institute of CPAs and the Chartered Institute of Management Accountants have proposed a framework with the goal of bringing consistency to management accounting practice across the world.

The Committee of Sponsoring Organizations of the Treadway Commission has released a new paper examining how frameworks such as the ones it has issued for internal control and enterprise risk management can improve the performance and governance of an organization.

The New Jersey Society of CPAs has released the 2013/14 NJSCPA Compensation & Benefits Study of Public Accounting Firms in New Jersey to help accounting firms determine compensation for their employees.

The Accounting & Financial Women’s Alliance announced its newest honorary trustee, Gleim Publications, which develops and distributes study and reference materials for higher-level learning in accounting and aviation.

A roundup of financial planning news from the previous month.

Global accounting firm network Baker Tilly International reported Thursday that its annual revenues grew 3 percent to $3.4 billion for the fiscal year ending June 30, 2013.

The Massachusetts Society of CPAs has selected Eileen P. McAnneny, an executive with Fidelity Investments, as its new president and CEO.

More than 150 CPAs across Georgia are preparing to meet on January 30 for the 2014 CPA Day at the Gold Dome.

The International Federation of Accountants, a global organization for the accounting profession with 179 members in 130 countries, has issued a Call for Nominations for the IFAC Board and Committees in 2015.

The Institute of Singapore Chartered Accountants has signed a memorandum of understanding with the Institute of Chartered Accountants in England and Wales to offer accountants in Singapore a pathway to the Associate Chartered Accountants designation.

The International Valuation Standards Council has released a guide that aims to raise awareness of audit procedures among professional valuers in response to heightened scrutiny by regulators of valuations.

The American Institute of CPAs has updated its Total Tax Insights calculator with information from 2013 to help taxpayers gauge the impact of more than 20 different federal, state and local taxes, including a new Medicare surtax that took effect last year, on their own taxes for this year.

Accounting Today is issuing a Final Call for speakers for its second annual Accounting Technology Forum.

The Association of Chartered Certified Accountants and the Institute of Management Accountants are commemorating the second annual CFO Month, with a technology-focused theme to mark the rise of the “techno-finance chief.