Economy

The American Institute of CPAs has scheduled Jan. 1, 2011 as the official launch date of CBT-e, a more technologically modern version of the Uniform CPA Examination.

Among the revenue proposals detailed in the administration’s fiscal 2010 budget are some provisions that might negatively affect small businesses and tax preparers. The American Institute of CPAs has weighed in on a number of these, including the codification of the economic substance doctrine, information reporting on payments to corporations, increasing the level of the information penalties, and expanding the requirement for electronic filing by return preparers.

Crowe Horwath International has appointed Crowe Horwath RCS as its new member firm in Brazil and selected WanLongAsia as its lead firm in China.

The American Institute of CPAs, the Certified Financial Planner Board of Standards, and the Retirement Security Project have joined the nonprofit Alliance for Investor Education.

Virginia Governor Tim Kaine has declared Sept. 13 to 19 to be Virginia Certified Public Accountants Week.

The American Institute of CPAs has released a new book to help businesses conduct fraud inquiries.

Claims that a world economic recovery is underway are based on fragile evidence and recovery could be a year away, according to a survey by the Association of Chartered Certified Accountants.

The American Institute of CPAs has written to the IRS asking the service to rely on the existing Circular 230 penalty structure for regulating CPA tax preparers rather than impose a new one.

The American Institute of CPAs criticized overly broad and disproportionate tax penalties levied on both tax preparers and taxpayers in a report submitted to Congress’s tax-writing committees, the Treasury Department and the IRS.

The U.S. International Qualifications Appraisal Board and the New Zealand Institute of Chartered Accountants have entered into a five-year mutual recognition agreement that establishes the basis for reciprocity between the U.S. and New Zealand accounting professions.

The American Institute of CPAs has published a report on the reliability and independence of CPAs, as seen from the perspective of commercial bankers.

John Dunleavy, who led both the California CPA Education Foundation and the California Society of CPAs, has died.

The Institute of Management Accountants has formed a new XBRL Advisory Committee to focus on the untapped market needs created by interactive data-tagging technology.

The American Institute of CPAs has named Robert Dacey, of Washington, D.C., Thomas H. McTavish, of Lansing, Mich., and Lena Ellis, of Ft. Worth, Texas, as the 2009 recipients of its Outstanding CPA in Government Award.

The Association for Accounting Marketing has moved its headquarters and replaced its management company in an effort to take the organization to the next level, executives said.

The Institute of Management Accountants has created a social network that has attracted over 2,300 members since it launched about a month ago.

J. Douglas Roth of Do It Best Corp. in Fort Wayne is the new chair of the board for the Indiana CPA Society, while Joseph A. Scheidler of Crowe Horwath in Indianapolis has moved into the role of chair-elect. In addition, John P. Kane will return to the board’s executive committee for another year of service.

The Ohio Society of CPAs installed J. Matthew Yuskewich as chairman of the executive board at the society’s June 30 Members Summit & Annual Meeting.

The Texas Society of CPAs has elected Kym Anderson as its new chairman, and picked a slate of other officials and board members.

The PKF North American Network has started a Center for Exit Planning Excellence to help accounting firms advise aging business owners on options for what to do when they are ready to retire or move on.