Economy

The American Institute of CPAs has issued amendments to its auditing standards for when to reference the audit of a component auditor in the auditor’s report on the group financial statements.

Fiscal Cliff Estimator, community service, new studies, Web sites and more

The American Institute of CPAs announced that it would be posting regular updates to its CPA Exam score release timetable, to keep exam candidates better informed.

CPAs in New York State are not expecting business conditions in the state to improve next year.

Recent network memberships, awards, new apps, Web sites and more

The International Federation of Accountants has released a revised version of its Statements of Membership Obligations, which serve as a framework for the professional accounting organizations that make up its membership, and are the basis of the IFAC Member Body Compliance Program.

Nearly all Ohio CPAs favor spending cuts to reduce the U.S. deficit, though they split fairly evenly between those who favor target cuts in spending (48 percent) and those who want a combination of spending cuts and tax increases (47 percent), according to the Ohio Society of CPAs’ 2012 Ohio Business Poll.

A new report from the Institute of Chartered Accountants in England and Wales urges the International Accounting Standards Board to “end the era of convergence,” and give all listed companies around the world the option of applying International Financial Reporting Standards.

The New York State Society of CPAs has introduced a new CPE discount program that provides more continuing education options to small and midsize CPA firms.

The American Institute of CPAs has written a letter to the Internal Revenue Service and the Treasury Department asking for changes in proposed regulations for tax practitioners.

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American Institute of CPAs chairman Richard Caturano told an audience of CPAs at the AICPA’s Conference on Current SEC and PCAOB Developments in Washington, D.C., that the Institute is committed to engaging with regulators.

The National Society of Accountants has called on the IRS to immediately revise the Circular 230 provision that states that tax preparers may not give tax advice that is not directly related to prepared tax returns.

Recent network memberships, awards, new Web sites and more

Recent network memberships, awards, new Web sites and more

The American Institute of CPAs has developed a new online practice aid that provides customizable sample letters and expert commentary to guide accounting professionals as they lay out terms and objectives for clients.

Anita Sherman, managing partner at Greenwalt CPAs, was presented with The Distinguished Service Award during the Indiana CPA Society CPA celebration held on Nov. 16.

The International Federation of Accountants has elected Warren Allen of New Zealand as president for a two-year term and former American Institute of CPAs chair Olivia Kirtley as deputy president, succeeding Allen.