Category: AICPA News

The Accounting Standards Update (ASU) enhances transparency required from buyer companies. Most of the ASU is effective for fiscal years beginning after Dec. 15, 2022.

Under Notice 2022-44, the high-low method rates will be slightly higher and the list of high-cost localities in the continental United States is revised, both effective Oct. 1.

The PCAOB issued a staff request for information and comment on the application and use of the board’s interim attestation standards.

In a second letter, the AICPA takes issue with broad new documentation requirements for refund claims involving the Sec. 41 credit, outlined in an IRS memo in fall 2021.

Taxpayers must file by Sept. 30 to qualify for late-filing penalty relief from the IRS.

Every firm that performs engagements in accordance with SASs, SSAEs, or SSARSs will be affected by the new quality management (QM) standards. Take this quiz to gauge your understanding of QM.

The first-of-its-kind Registered Apprenticeship for Finance Business Partners is set to launch in Maryland.

US CFOs have grown more pessimistic about the economy — thanks to increasing costs of goods and services, increasing energy costs, and supply chain challenges — according to a quarterly survey by Grant Thornton.

Practical tips could help retirees make the most of their money in a place with a substantially lower cost of living.

Accounting professionals discuss the importance of email as a communication tool and the need to think about how their emails — including the closings — reflect on their and their firms’ professionalism. They say the messages should also consider the nature of the relationship they have with the other person.