Notice of Vote Meeting»
03/08/2010
The MSCPA is proposing a bylaw change that would allow associate members to hold any volunteer office on the board of directors other than chairman and chairman elect. The vote will be held as part of the Annual Meeting & Recognition Reception on May 19 at the Boston Marriott Copley Place at 6:00pm.
IRS Extends Comment Period for Uncertain Tax Positions Reporting Proposal; New Schedule Planned for Tax Year 2010»
03/08/2010
The IRS followed up Friday on its January announcement about plans to require certain business taxpayers to report uncertain tax positions on their returns. It extended an ongoing comment period on the plan and announced that it will start requiring the reporting for tax years beginning in 2010
Optimism Jumps Among Manufacturing Finance Execs »
03/05/2010
Amid widespread uncertainty regarding government actions, the real estate market and credit, CPA financial executives expect slow employment and economic growth, according to a survey released last week and co-sponsored by the AICPA.
CPAs' Input Sought on IRS Proposal to Disclose Uncertain Tax Positions in Tax Returns»
02/24/2010
The AICPA is developing a response to the Internal Revenue Service's Announcement 2010-9 proposing that companies disclose uncertain tax positions on their annual income tax return filings. Members who would like to share their thoughts and concerns on this matter should e-mail comments to MemberinputonAnnouncement2010-9@aicpa.org. Submissions to this mailbox will be reviewed and considered as the AICPA works on its response. Note that the AICPA will not be able to address each submission directly.
New Compilation and Review Standard Addresses Many Small Firm Issues»
02/19/2010
At its final meeting of 2009, the AICPA's Accounting and Review Services Committee (ARSC) approved Statement on Standards for Accounting and Review Services (SSARS) No. 19, a new compilation and review standard that includes the most significant changes to the SSARSs since 1978.
Massachusetts CPA Mobility Legislation»
02/12/2010
Watch a short video describing the main points and caveats of the Massachusetts CPA mobility regulations, passed on February 4, 2010. The mobility legislation, An Act Relative to the Board of Public Accountancy and Regulating the Registration of Certified Public Accountants (H. 4159), became Chapter 22 of the Acts of 2010.
Corporate Work Study Program (CWSP) »
02/05/2010
The CWSP is a nonprofit organization that helps make private, college-preparatory education affordable for young people from some of the most economically challenged areas in and around Boston.
Blue-Ribbon Panel May Lead U.S. to Different Accounting Standards for Private Companies»
02/05/2010
The AICPA and the Financial Accounting Foundation (FAF), with support from the National Association of State Boards of Accountancy, have formed a blue-ribbon panel to explore the future of standard setting for private companies, including whether separate, standalone accounting standards for private companies are needed. The FAF is the parent organization of the Financial Accounting Standards Board (FASB). The panel is expected to make recommendations this fall.
Outstanding Accounting Educator Award»
01/28/2010
Nominate a former professor or colleague for the MSCPA's Outstanding Accounting Educator Award.
Survey: CFOs See Risk in Strategic-Change Management»
01/13/2010
Strategic-change management topped a list of risk concerns in a survey of chief financial officers by The Corporate Executive Board. "For the past two years, executives have been in a more defensive posture, but this year they are thinking about how to set the company up for success in the future," said Kate Guerra, CEB's research director. "They are really focusing on risks that could stand in the way of their strategic objectives." Fraud and third-party relationships, which were on last year's list, remain concerns.
U.S. Comptroller General Should Be a CPA, Says AICPA»
12/31/2009
The AICPA recently announced its support of legislation introduced in the House of Representatives by Representatives Collin Peterson (D-MN) and Mike Conaway (R-TX) to require the U.S. Comptroller General to be a CPA. "Taxpayers are rightly demanding ever-increasing accountability and transparency from the U.S. government," said AICPA President and CEO Barry Melancon, CPA. "It is essential that the comptroller general have the education, skills, background, training, and discipline of a CPA."
Audit Committees Should Evaluate their Performance; AICPA Brief Shows How»
12/31/2009
Just as employees at businesses around the U.S. submit their self-evaluations in preparation for annual reviews, audit committees should consider conducting an annual comprehensive self-evaluation of their performance and effectiveness. An audit committee self-evaluation should employ a straightforward approach that will aid the audit committee in assessing its strengths and lay a foundation for future improvement. The AICPA Audit Committee Brief, Self-Evaluation: A Primer for Audit Committees can help CPA financial executives and their audit committees determine the best route for self-evaluation.
Attention HR Managers: Looking for New Hires?»
12/18/2009
Don't miss the opportunity to include your firm in the upcoming 2010 edition of the College Student's Guide to Accounting Firms in Massachusetts.
AICPA and FAF Form Panel To Address Standards For Private Companies»
12/18/2009
The American Institute of Certified Public Accountants (AICPA) and the Financial Accounting Foundation (FAF) announced the establishment of a "blue-ribbon panel" to address how U.S. accounting standards can best meet the needs of users of private company financial statements.
