Associations

The American Institute of CPAs has issued Technical Practice Aids with information to help insurance entities with their accounting.

The former head of the Polaris accounting association has started a new association of independent accounting, legal and consulting firms known as Abacus Worldwide.

Sir David Tweedie led the International Accounting Standards Board for a decade until the end of his second term in June of last year, and now he is getting set to make a similar impact on the valuation profession.

Senior finance executives are taking an increasingly dim view of the global economy amid growing concern about regional conditions, according to a new survey by the American Institute of CPAs and the Chartered Institute of Management Accountants.

Members of the CPA Consultants' Alliance, including Angie Grissom of the Rainmaker Companies, Jennifer Wilson of ConvergenceCoaching, Sarah Johnson of Inovatus Consulting and Sandra Wiley of Boomer Consulting, share their thoughts on the first combined AICPA PracTech Conference and AAM Summit.

The New York State Society of CPAs has asked Congress to consider new legislation that would temporarily waive tax penalties for taxpayers who are forced to make early withdrawals from retirement accounts due to financial hardship caused by the economic crisis.

The Association of Chartered Certified Accountants and the Institute of Management Accountants have released a study naming 100 factors that will create uncertainty for accountants in the future.

The Institute of Internal Auditors has announced that a set of revisions will be made to internal auditing standards, taking effect at the beginning of next year.

recent network memberships, awards, new Web sites and more

At the very tail end of August, I went to scenic Rosemont, Ill., to catch the annual Midwest Accounting Jamboree, one of the biggest trade shows on the calendar, and I thought I’d share a few observations.

Recent network memberships, awards, new Web sites and more

The American Institute of CPAs has sent a letter to members of the House Financial Services Committee supporting a bill aimed at narrowing the definition of “municipal advisor,” without weakening investor protections.

The American Institute of CPAs is teaming up with XBRL US to develop a certificate program focused on U.S. GAAP reporting in Extensible Business Reporting Language format.

Financial Executives International has begun scoring members of Congress on how well their votes match FEI’s legislative priorities.

The Institute of Chartered Accountants in England and Wales plans to develop guidance for auditors on providing assurance on interest rate benchmarks in the wake of the outcry over manipulation of the LIBOR, or London Inter-Bank Offered Rate, which cost the jobs of top executives at the British bank Barclays.

What makes a visionary? The question was broached obliquely several times throughout the American Institute of CPAs' 2nd annual E.D.G.E. Conference, held in mid-August in Orlando, Fla.

The American Institute of CPAs has written a letter to Internal Revenue Service Commission Doug Shulman saying that new interim about how taxpayers must apply for Individual Taxpayer Identification Numbers for 2011 returns are burdensome and may prevent some taxpayers from getting the documentation they need to qualify for an ITIN.

The American Institute of CPAs has written to Internal Revenue Service Commissioner Doug Shulman outlining its concerns with what it sees as a “widespread problem affecting numerous taxpayers”: erroneous letters from the IRS to taxpayers filing foreign trust forms.

In her keynote at this year’s Midwest Accounting & Finance Showcase, Illinois CPA Society president and CEO Elaine Weiss highlighted several of the most important issues facing the profession.

The American Institute of CPAs has extended the deadline for comments on the significant changes it is proposing to professional standards.