FASB issued an Accounting Standards Update that improves financial reporting for investors and other financial statement users.
Category: AICPA News
PCAOB reveals selected areas of focus for 2022 inspections
The report highlights 10 areas of focus for inspections and shares five key reminders aimed at helping auditors as they navigate the current economic landscape.
Tips for managing remote workers
CPAs suggest strategies for helping staff stay productive and connected wherever they are working.
FASB adds three new projects to technical agenda
FASB announced the addition of three new projects to its technical agenda based on feedback received during its 2021 agenda consultation project.
Survey: LGBT+ employees feel supported by inclusion initiatives
A majority of LGBT+ respondents to a Deloitte survey are more inclined to remain with their current employer because of their inclusion initiatives, although noninclusive behaviors remain a concern.
IRS sets procedure for Superfund list changes
The IRS also has posted general Superfund FAQs and tax rates for some chemical substances subject to the recently reinstated excise tax.
Cannabis: Opportunities for CPAs in a multibillion-dollar industry
CPAs across the U.S. are investing resources in a flourishing $25 billion industry: cannabis. As more states legalize cannabis each year, the AICPA & CIMA Cannabis Industry Conference, Aug. 8–10, shows how you can enter the field.
Regs. proposed for present value of estate deductions
Administrative expenses and claims against estates allowable under Sec. 2053 beyond a three-year grace period would be discounted for current deduction, under proposed rules issued by the IRS.
Single audit guidance for 7 programs provided in OMB’s Addendum 2
The OMB issued a second addendum to its 2021 Compliance Supplement for single audits.
Avoid these 8 PowerPoint mistakes
PowerPoint blunders can make your presentations painful to sit through. Try these tips to make your talks clearer, more concise and more memorable.