Economy

Associations and alliances are expanding the conversations they offer firm members

The center will help prepare CPAs in the state and beyond for the challenges of the future.

A number of groups testified or submitted statements recently at a hearing of the House Committee on Small Business Subcommittee on Economic Growth, Tax and Capital Access titled “Cash Accounting: a Simpler Method for Small Firms?”

The American Institute of CPAs’ Auditing Standards Board has amended its standards for providing so-called “comfort letters” to underwriters and other parties requesting such letters.

CPAs working in the forensic and valuation areas listed “big data” as the top issue facing them in the next two to five years, according to a new survey from the American Institute of CPAs.

The American Institute of CPAs has filed a federal lawsuit against the Internal Revenue Service challenging the legality of the IRS's plans for voluntary continuing education and testing of tax preparers.

Indiana has become the first state to allow competency-based education to qualify for renewal of a CPA license.

Financial Executives International has elected a new slate of executive officers and members of the board of directors for the fiscal year, effective July 1.

The Institute of Management Accountants and the American Accounting Association’s Management Accounting Section have released a new framework intended to broaden the scope of accounting education.

The Association for Accounting Marketing has announced its board of directors and president for the term beginning July 1.

The Georgia Society of CPAs has elected Terry Parker to serve as the 2014-2015 chair of the GSCPA, and Lowell Mooney to serve as chair-elect, leading a membership of nearly 14,000 CPAs across the state of Georgia.

The Institute of Cost Accountants of India recently celebrated the first anniversary of the founding of the American Center of Cost Accountants of India.

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

The AICPA is working on an Advanced Placement course for accounting

The American Institute of CPAs has created a new Web site to highlight how CPAs engage in lifelong learning and measure competency.

The American Institute of CPAs has sent a letter expressing strong concern with the Internal Revenue Service’s proposed voluntary certification program for tax return preparers, saying it “would cause significant legal problems that may ultimately frustrate the IRS’s goals, confuse the public, and lead to litigation.”

Boyd Falls, the former managing partner of Austin & Falls CPAs in Charlotte, N.C., has died.

The new chairman of the California Society of CPAs and the new president of the CalCPA Education Foundation plan to focus on strategic priorities.

The New York State Society of CPAs has elected Joseph M. Falbo Jr. of Grand Island, N.Y., as president-elect.