By Vincent J. Love Do you want a CPA, or a CPA? That is, do you need a Certified Public Accountant (a governmentally licensed professional) or a Certified Professional Accountant? It may all depend on whether he or she is a member of the AICPA or the AICPA, or actually both organizations as an AICPA […]
By Michael Cohn Published February 22 2017 The American Institute of CPAs’ Auditing Standards Board has revised its standard for going concern opinions. The new standard, Statement on Auditing Standards No. 132, The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern (AICPA, Professional Standards, AU-C sec. 570), supersedes SAS No. 126 […]
By Michael Cohn January 24 2017 American Institute of CPAs president and CEO Barry Melancon is expecting Washington to pass major tax reform legislation during the Trump administration, and some Democrats may even cross the aisle to help Republican lawmakers enact it. Speaking Tuesday in New York at a meeting of the Accountants Club of […]
By Michael Cohn December 6, 2016 Accountants need to watch out for the wide-ranging impact of blockchain, a technology popularized by digital currencies such as bitcoin. Blockchain relies on “distributed ledger technology” to record transactions made with the virtual currency and uses encryption to safeguard security. The technology distributes the ledgers to different computers to […]
BY SEAN MCCABE AUGUST 17, 2016 The AICPA announced on Wednesday that they will be offering a free, four-part webcast series on creating a more inclusive workplace in the accounting profession. Dubbed “The Workplace Inclusion” series, the webcast is a continuation of an earlier series on unconscious bias. The series is open to both AICPA members and the public. The first […]
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