Associations

The International Auditing and Assurance Standards Board released an updated and enhanced International Standard on Assurance Engagements.

IFAC released a guide for professional accountants conducting review engagements in compliance with International Standard on Review Engagements.

The Information Technology Alliance introduced nine new members to its roster of CPA firms, consultants and vendors, which were highlighted by Intuit, online accounts payable and receivables company Bill.com, and top CPA firm Armanino.

The American Institute of CPAs’ Accounting and Review Services Committee has issued a Proposed Statement on Standards for Accounting and Review Services, Framework for Performing and Reporting on Compilation and Review Engagements, as a result of its Clarity Project.

After rebounding in October, the accounting profession’s expectations for economic growth remained healthy this month, according to the November edition of Accounting Today’s monthly Accountants Confidence Index.

Findings from a recent survey from CPA2Biz, the technology services subsidiary of the American Institute of CPAs, indicates that more CPA firms are using cloud-based services despite a notable rise in security concerns.

The Institute of Management Accountants has become a member of the International Federation of Accountants, reflecting the growing importance of management accountants in the global economy.

AICPA Scholarship recipients, IECnet Awards and more…

The National Association of State Boards of Accountancy has appointed a new chairman and board of directors for 2013-2014.

The American Institute of CPAs’ Financial Reporting Executive Committee and the AICPA’s Impairment Task Force plan to release the final version of a new AICPA Accounting and Valuation Guide, "Testing Goodwill for Impairment," on Friday.

A bipartisan bill has been introduced in the Senate with the goal of simplifying income tax collections for taxpayers who work in multiple states.

The American Institute of CPAs has written a letter to the Internal Revenue Service identifying 17 areas in which the IRS should provide additional guidance to tax practitioners and taxpayers in the wake of the Supreme Court’s decision ruling section 3 of the Defense of Marriage Act unconstitutional.

The American Institute of CPAs has installed William Balhoff as its new chairman at its Fall Meeting of Council.

The American Institute of CPAs announced the 37 members of the 2013 Leadership Academy graduating class.

At a gala event celebrating its 35th anniversary, the National Conference of CPA Practitioners honored a number of members with awards, including special recognition of three of its founders, and a Lifetime Achievement Award for past president Robert Goldfarb.

Congress, not the Internal Revenue Service, is to blame for the recently announced postponement of the beginning of next year’s tax season, according to the National Association of CPA Practitioners -- and it called on the legislative branch to take quick action to prevent further delays.

The American Institute of CPAs’ Accounting and Review Services Committee has issued an exposure draft proposing three new and revised standards that would make significant changes in how accountants perform compilation engagements.

The International Federation of Accountants has issued a policy paper that stresses the importance of reporting on broad-based information beyond what is traditionally included in financial reporting.

The American Institute of CPAs’ Financial Reporting Executive Committee has submitted a comment letter to the Financial Accounting Standards Board and the International Accounting Standards Board suggesting changes in the latest proposals for lease accounting standards.

Congress should consolidate and simplify the types of tax-favored retirement plans now available to small business owners to minimize the cost and administrative burden imposed by the plans, the American Institute of CPAs told Congress.