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Category: AICPA News

AICPA News

AICPA applauds the Private Company Council’s work with FASB

June 10, 2024
A comment letter related to a Financial Accounting Foundation review of the PCC’s effectiveness praises the impact the council makes for private company stakeholders.
AICPA News

PEEC releases exposure drafts on recruiting and tax services

June 10, 2024
The proposed changes to several interpretations were identified to keep the AICPA Code of Professional Conduct “fit for purpose.”
AICPA News

National taxpayer advocate: TikTok a difficult adversary for IRS

June 7, 2024
Speaking at ENGAGE, Erin Collins asks: How does the IRS fight bad tax advice on TikTok when employees are not supposed to access it?
AICPA News

Supreme Court: Insurance proceeds increase corporation’s estate tax value

June 7, 2024
In a unanimous decision, the Supreme Court holds that life insurance proceeds a corporation receives to fund a share redemption agreement increases the corporation’s estate tax value.
AICPA News

Finance execs waver on economy, remain neutral on their own businesses

June 7, 2024
The percentage of respondents optimistic about the U.S. economy dropped since the first quarter. Own-organization optimism remains for about 50% of CPA decision-makers in a new AICPA & CIMA survey.
AICPA News

Finding qualified staff tops ranking of CPA firm top issues

June 6, 2024
Accounting firms named finding qualified staff as their top issue, according to biennial survey results released by the AICPA’s firm practice management section.
AICPA News

Expert warns: IRS has what it needs to pursue more audits

June 6, 2024
A speaker at AICPA & CIMA ENGAGE tells attendees that the IRS is paying higher salaries to attract midcareer workers as the agency increases audits.
AICPA News

AICPA updates practice aid for digital assets

June 6, 2024
The practice aid for accounting for and auditing of digital assets has new guidance on auditing the valuation of digital assets along with auditing procedures regarding their existence, rights, and obligations.
AICPA News

Pipeline Pledge: How small commitments can make a big difference

June 5, 2024
The National Pipeline Advisory Group has big ideas for growing talent, and a small request related to its efforts could prove invaluable for the profession.
AICPA News

Great Resignation workers less satisfied than before

June 5, 2024
Workers who quit their job during the Great Resignation are significantly less satisfied than their colleagues who stayed, according to a new survey by The Conference Board. Their overall job satisfaction is down 5.6 percentage points.

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  • Sarah McPhee, CPA
  • Daniel J. Hellmann, CPA
  • Debra S. Pitschman, CPA
  • Gil Davis, CPA/PFS
  • Evan Callahan, CPA
  • David J. Mesko, CPA
  • Sarah McPhee, CPA

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