Economy

The American Institute of CPAs has recommended a modification to Internal Revenue Service guidance that governs the treatment of retail gift cards when the issuance and redemption of a card is handled by financially unrelated entities.

A new phishing email scam appears to be aimed at members of the American Institute of CPAs, particularly CPA tax practitioners.

The American Institute of CPAs told the Internal Revenue Service that its proposed regulations for capitalization and deduction of tangible property expenditures are unnecessarily complex and burdensome.

Accounting firm association IGAF Polaris is now PrimeGlobal, announcing a new name, identity and Web site Tuesday.

Recent promotions, new hires and more

Recent network memberships, awards, new Web sites and more

Dennis Lemieux has been elected president of the Association of Accounting Administration

The American Institute of CPAs has debuted a new eReader app for the iPhone and iPad to provide accountants with auditing and accounting eBooks.

San Antonio-area CPA Fred Timmons has been selected as the new chairman of the Texas Society of CPAs for the 2012-2013 year.

The American Institute of CPAs marked the 125th anniversary of its founding during its Spring Meeting of Council.

J. Clarke Price, CAE, president and CEO of the Ohio Society of CPAs, was honored with its Gold Medal for Meritorious Service to the Accounting Profession, at the society's Members Summit & Annual Meeting earlier in June.

The Maryland Association of CPAs launched its new Center for Transparency, Performance, Management and Accountability using XBRL (TPMAx), with a special XBRL Thought Leader Symposium today.

Financial Executives International has selected William J. Ihlanfeldt, Hans G. Storr, Robert P. Wayman and John K. Wulff as inductees in its 2012 class of the FEI Hall of Fame.

The Governmental Accounting Standards Board has issued a proposed statement for public comment to provide guidance to state and local governments that offer nonexchange financial guarantees, and governments that receive guarantees on their obligations.

The Committee of Sponsoring Organizations of the Treadway Commission has released a report on how companies can best handle enterprise risk management for cloud computing.

The Maryland Association of CPAs is collaborating with IASeminars to jointly offer a range of International Financial Reporting Standards training programs.

The Institute of Management Accountants is partnering with publisher John Wiley & Sons, Inc. on co-branding, distribution, product enhancements and innovation for the IMA’s Certified Management Accountant Learning System exam prep set of products.

Michael Woodford, the former president and CEO of Olympus who was fired after he launched an investigation of the Japanese company’s suspicious overpayments for acquisitions, received an award Monday from the Association of Certified Fraud Examiners.

The Massachusetts Society of CPAs has elected its Board of Directors for the 2012-2013 fiscal year.