News

FASB Accounting Standards Codification Launches Today

Some Growth Areas, Job Opportunities Seen for New CPAs

A Journal of Accountancy video segment considers the hiring outlook for new CPAs. Four CPAs in public practice are interviewed, discussing potential growth sectors.

Thank You to MSCPA Volunteers

AICPA Benevolent Fund Available to Help AICPA Members Through Financial Difficulty

The AICPA Benevolent Fund was established in 1933 to assist AICPA members through temporary periods of financial difficulty. The fund provides support for meeting daily subsistence (living) expenses, and medical and prescription expenses that exceed insurance coverage brought about by serious illness, an accident or the death of the primary source of family income.

Women to Watch Awards - Submit a Nomination

MSCPA Members Recipients of CFO of the Year Award

"Firm of the Future" Town Meeting - Be sure to attend and have your voice heard!

FASB Accounting Standards Codification: A Primer for Audit Committees

A new resource developed specifically for audit committees focuses on the FASB Accounting Standards Codification, which officially launches on July 1.

Visit the AICPA Tax Team's Resources on FBAR

The June 30, 2009, deadline for filing TD F 90-22.1, Report of Foreign Bank and Financial Accounts, is fast approaching, and on June 5 the Internal Revenue Service conceded that the new FBAR definition of "United States persons" requires additional guidance. Therefore, the IRS is temporarily allowing filers to use the old definition, meaning foreign taxpayers are relieved of their FBAR filing requirement. This relief applies only to FBAR filings due June 30. As a reminder, June 30 remains the deadline for filing and reporting a financial interest in or signature authority, or other authority, over any financial account in a foreign country if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year. The IRS will issue guidance for future filings.

Securitizations, Special-Purpose Entities Get FASB Standards

Two standards from the Financial Accounting Standards Board will change accounting for securitizations and special-purpose entities and will require a number of disclosures. Such changes were proposed to "address concerns about companies who were stretching the use of off-balance-sheet entities to the detriment of investors," FASB Chairman Robert Herz said in a statement.

CPA Exam Regulation FAQs

The regulations that allow a candidate to sit for the exam with 120 educational credits went into effect on January 1, 2007. To help you better understand the implementation of the new rules, please view these Frequently Asked Questions developed by the Society.

Women's Golf Outing

The MSCPA's 9th Annual Women's Golf Outing was another success, raising money for the MSCPA's Educational Foundation.

Lender Requests for Confirmation of Tax Return and Self-Employment Status

Tax Preparer Registration May Not Be the Answer

Changes Affecting Pass-Through Entities

IASB Proposes Guidance on Fair-Value Accounting Rules

The International Accounting Standards Board published draft guidance on how businesses should apply fair-value accounting principles to assets and liabilities and asked for comments on the document. The proposal departs somewhat from the fair-value guidance of the Financial Accounting Standards Board, but the IASB said the differences between the two are minor. If approved, IASB's version of FAS 157 and matching definitions of fair value will become part of IFRS.

SAS No. 115 Resources Available

SAS No. 115 is now available. It supersedes Statement on Auditing Standards No. 112 and establishes standards and provides guidance on communicating matters related to an entity's internal control over financial reporting identified in an audit of financial statements. The AICPA has created a FAQ sheet to help you understand SAS No. 115.

Standards for The Protection of Personal Information of Residents of the Commonwealth

MSCPA Joins Accounting Doctoral Scholars Program

ARSC Reliability Project

ARSC Reliability Project aims to change the performance and reporting of review engagements.

Page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11