Economy

The American Institute of CPAs is teaming up with XBRL US to develop a certificate program focused on U.S. GAAP reporting in Extensible Business Reporting Language format.

Financial Executives International has begun scoring members of Congress on how well their votes match FEI’s legislative priorities.

The Institute of Chartered Accountants in England and Wales plans to develop guidance for auditors on providing assurance on interest rate benchmarks in the wake of the outcry over manipulation of the LIBOR, or London Inter-Bank Offered Rate, which cost the jobs of top executives at the British bank Barclays.

What makes a visionary? The question was broached obliquely several times throughout the American Institute of CPAs' 2nd annual E.D.G.E. Conference, held in mid-August in Orlando, Fla.

The American Institute of CPAs has written a letter to Internal Revenue Service Commission Doug Shulman saying that new interim about how taxpayers must apply for Individual Taxpayer Identification Numbers for 2011 returns are burdensome and may prevent some taxpayers from getting the documentation they need to qualify for an ITIN.

The American Institute of CPAs has written to Internal Revenue Service Commissioner Doug Shulman outlining its concerns with what it sees as a “widespread problem affecting numerous taxpayers”: erroneous letters from the IRS to taxpayers filing foreign trust forms.

In her keynote at this year’s Midwest Accounting & Finance Showcase, Illinois CPA Society president and CEO Elaine Weiss highlighted several of the most important issues facing the profession.

The American Institute of CPAs has extended the deadline for comments on the significant changes it is proposing to professional standards.

The optional reporting of Announcement 2012-19 should be made permanent on the Form 990, according to the American Institute of CPAs.

The Financial Reporting Executive Committee of the American Institute of CPAs has issued a working draft of the accounting content of a proposed Audit and Accounting Guide on not-for-profits.

Tax credits and deductions for education are too complicated and so confusing that most taxpayers cannot determine which provisions are best for them, the American Institute of CPAs said in written testimony to the Senate Finance Committee.

The Institute of Management Accountants and the Association of Chartered Certified Accountants have issued a joint call for research proposals from accounting academics and practitioners.

CPA2Biz, the technology and marketing services subsidiary of the American Institute of CPAs, has hired Thomas Gawne as its new director of professional services.

The American Institute of CPAs has published a new book that offers advice to CPA firms on how to use cloud computing.

The American Institute of CPAs has written a letter to the Internal Revenue Service, recommending that the IRS delay matching the basis information the law requires brokerage firms to report about taxpayers’ capital gains and losses with what taxpayers report on their income tax return.

Accounting firm alliances and networks are leveling the field for international work

Odds have now turned against those hoping that the health care law passed in 2010 will "just go away."

The American Institute of CPAs and the American Accounting Association released a report Tuesday charting a course for the future of accounting education.