October 19, 2017
When news broke that roughly 143 million people could have been affected by a hack at credit monitoring agency Equifax, it was just the latest report of a significant data breach. As concerns about cybersecurity mount, CPAs are in an excellent position to help strengthen the cybersecurity risk management programs for all organizations, whether they are doing it within their own firms or organizations or for a client. Specifically, there are three ways that CPAs can use their skills and resources to guard against cyberattacks.
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October 19, 2017
Elizabeth Watkins, CPA, was one of only 38 CPAs honored by the American Institute of CPAs (AICPA) as a member of the Leadership Academy’s ninth graduating class. Watkins was selected based on her exceptional leadership skills and professional experience for the rigorous four-day Leadership Academy program, which was held October 1-5 in Durham, N.C.
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October 17, 2017
Fake Insurance Tax Form Scam Aims at Stealing Data from Tax Pros, Clients
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October 17, 2017
The IRS is warning all e-Services users to beware a new phishing scam that tries to trick tax professionals into “signing” a new e-Services user agreement. The phishing scam seeks to steal passwords and data. All tax professionals should be aware that as e-Services begins its move later this month to Secure Access authentication and its two-factor protections (more on this below under upcoming events), cybercriminals likely will make last-ditch efforts to steal passwords and data prior to the transition. Don’t take the bait!
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September 21, 2017
Hurricane Irma has brought about unique circumstances never seen before. We are accustomed to hurricanes as recently experienced with Allison, Katrina, Rita, Wilma, Gustav, Ike and Isaac. The catastrophic damage and flooding from Hurricane Irma is an event no one anticipated would happen.
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September 21, 2017
A collection of comprehensive information about disaster relief and the effects on tax filing and tax planning to help tax practitioner
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August 31, 2017
Most large companies are reporting on their corporate, social and environmental performance, along with their financial measures, in response to growing stakeholder interest. With companies seeking to add credibility to their sustainability reports, the Sustainability Task Force of the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board issued a new guide to assist accountants in providing attestation services on sustainability information
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August 29, 2017
The Internal Revenue Service recently began mailing letters to more than 1 million taxpayers with expiring Individual Taxpayer Identification Numbers and urges recipients to renew them as quickly as possible to avoid tax refund and processing delays.
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August 28, 2017
On August 18, 2017, the SEC released Staff Accounting Bulletin (SAB) 1161 that conforms existing SEC staff guidance with the guidance in ASC 606.2 SAB 116 modifies (1) SAB Topic 13, “Revenue Recognition;” (2) SAB Topic 8, “Retail Companies;” and (3) SAB Topic 11.A, “Miscellaneous Disclosure: Operating-Differential Subsidies.” The SEC also updated its interpretive guidance related to bill-and-hold arrangements and vaccine stockpiles.
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August 16, 2017
The Financial Accounting Standards Board (FASB) recently issued a proposed Accounting Standard Update (ASU) intended to clarify and improve the scope and the accounting guidance for contributions received and made, primarily by not-for-profits. Stakeholders are asked to review and provide comment on the proposed ASU by November 1, 2017.
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