AICPA applauds the Private Company Council’s work with FASB
A comment letter related to a Financial Accounting Foundation review of the PCC’s effectiveness praises the impact the council makes for private company stakeholders. Read More
PEEC releases exposure drafts on recruiting and tax services
The proposed changes to several interpretations were identified to keep the AICPA Code of Professional Conduct “fit for purpose.” Read More
National taxpayer advocate: TikTok a difficult adversary for IRS
Speaking at ENGAGE, Erin Collins asks: How does the IRS fight bad tax advice on TikTok when employees are not supposed to access it? Read More
Supreme Court: Insurance proceeds increase corporation’s estate tax value
In a unanimous decision, the Supreme Court holds that life insurance proceeds a corporation receives to fund a share redemption agreement increases the corporation’s estate tax value. Read More
Finance execs waver on economy, remain neutral on their own businesses
The percentage of respondents optimistic about the U.S. economy dropped since the first quarter. Own-organization optimism remains for about 50% of CPA decision-makers in a new AICPA & CIMA survey. Read More
Finding qualified staff tops ranking of CPA firm top issues
Accounting firms named finding qualified staff as their top issue, according to biennial survey results released by the AICPA’s firm practice management section. Read More
Expert warns: IRS has what it needs to pursue more audits
A speaker at AICPA & CIMA ENGAGE tells attendees that the IRS is paying higher salaries to attract midcareer workers as the agency increases audits. Read More
AICPA updates practice aid for digital assets
The practice aid for accounting for and auditing of digital assets has new guidance on auditing the valuation of digital assets along with auditing procedures regarding their existence, rights, and obligations. Read More
Pipeline Pledge: How small commitments can make a big difference
The National Pipeline Advisory Group has big ideas for growing talent, and a small request related to its efforts could prove invaluable for the profession. Read More
Great Resignation workers less satisfied than before
Workers who quit their job during the Great Resignation are significantly less satisfied than their colleagues who stayed, according to a new survey by The Conference Board. Their overall job satisfaction is down 5.6 percentage points. Read More
Insights from ENGAGE: You don’t have to like people to lead people
A learning development adviser shares perspective on the qualities that truly matter for great leadership. Here’s a hint: You don’t have to be a “people person” to thrive. Read More
Blind adventurer challenges ENGAGE attendees to reach new heights
The first blind person to reach the summit of Mount Everest welcomes thousands to AICPA & CIMA ENGAGE 2024 with an inspiring story. Read More
