Going Concern

FEBRUARY 10, 2025

The CPA Exam remains broken. Off the top of my head, I definitely don’t remember FAR pass rates this low in the 18 years (yikes) I’ve been paying attention to the CPA exam. Ninja CPA’s list of pass rates going back to 2006 confirms that my memory is accurate for once. Um, what is this?

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RogerRossmeisl

APRIL 24, 2023

Crooks find opportunities As with email, social media messages can trick users into clicking links and providing sensitive information, such as their usernames, passwords, Social Security numbers and financial account numbers. The post How to Outsmart Social Media Scammers appeared first on Roger Rossmeisl, CPA.

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Going Concern

JULY 7, 2023

While we’re on the topic of the CPA exam, this is your eleventy billionth reminder to sit for BEC before the CPA Evolution disciplines replace it in 2024. Back to the reason why we’re here, the AICPA has posted a call to all CPAs to help set passing scores for the 2024 CPA exam.

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Withum

AUGUST 31, 2022

The IRS requires FinCEN Report 114, Report of Foreign Bank and Financial Accounts (FBAR), to be filed annually by every U.S. person that has ownership of, a financial interest in, or signature or other authority over a financial account or accounts in a foreign country with an aggregate value in excess of $10,000.

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Going Concern

MAY 12, 2023

Fired: job search or CPA exam? by u/OrganicAd5804 in Accounting Big 4 PwC scandal will be referred to national anti-corruption watchdog [ The Age ] On Thursday, Treasury confirmed that it was deciding whether to refer the matter to the Australian Federal Police in light of damning evidence of misconduct that was made public last week.

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CPA Practice

MAY 24, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, are joined by guest Will Zacher, co-founder of AIgency Partners , to discuss a recent study on how artificial intelligence fared when attempting to pass the CPA exam. Randy Johnston 00:12 Today, welcome to the accounting Technology Lab. Tankersley, CPA.CITP, CGMA 00:41 Yeah.

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CPA Practice

MAY 24, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that Hillary H. Salo, whose five-year term on the Financial Accounting Standards Board (FASB) begins July 1, 2024, will serve as the board’s vice chair upon the start of her term.

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CPA Practice

MARCH 1, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) has appointed Lisa Washburn to the position of vice chair and has appointmented David Goldman and Deborah L. Miller, CPA, to the Governmental Accounting Standards Advisory Council (GASAC). Miller, CPA. All appointees’ terms begin March 1, 2024.

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CPA Practice

OCTOBER 11, 2023

Mark Anthony Gyetvay, a former CPA in Naples, Florida, has been sentenced to 86 months in prison for a scheme to hide millions of dollars of income in undisclosed Swiss bank accounts and submitting a false filing to the IRS. Additionally, and despite being a CPA, Gyetvay did not file personal tax returns for 2013 and 2014.

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CPA Practice

DECEMBER 20, 2024

The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to improve the financial accounting for and disclosure of financial activities related to environmental credits and environmental credit obligations.

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CPA Practice

MARCH 31, 2023

The Financial Accounting Standards Advisory Council ( FASAC ) held its quarterly meeting on Tuesday, March 7, 2023. The FASB chair provided highlights on FASB activities, and the SEC and PCAOB staff members commented on current issues and activities. Council members discussed the following topics.

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CPA Practice

MAY 25, 2023

The Illinois CPA Society (ICPAS) has presented its Outstanding Educator Award to two Illinois accounting faculty as part of its 2023 awards program. Jurgens, CPA, is an assistant professor at Harold Washington College in Chicago, where she has been teaching since 2015.

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Anders CPA

JULY 21, 2022

The Financial Accounting Standards Board (FASB) issued new reporting guidelines to help increase transparency around the measurement of contributed nonfinancial assets recognized by not-for-profits, including how much was used to support programs and activities. View the recorded webinar by completing the form below.

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Anders CPA

JANUARY 8, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. I’m excited to get started! She also received the 2010 Women to Watch award from the MOCPA.

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CPA Practice

APRIL 17, 2023

Outlier.org, Urban Assembly, and New York City Public Schools are announcing a groundbreaking collaboration aimed at expanding access to financial accounting education for high school students in the New York area.

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Withum

DECEMBER 14, 2023

On December 13, 2023, the Financial Accounting Standards Board (FASB) finalized Accounting Standards Update (ASU) 2023-08 “Accounting for and Disclosure of Crypto Assets”.

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SkagitCountyTaxServices

JUNE 8, 2022

So if you want to talk through your particular landscape, Padgett & Padgett, PLLC CPA is in your corner, right here: app.acuityscheduling.com/schedule.php?owner=19530343. One independent organization working to keep companies’ books clear and honest is the Financial Accountant Standards Board. owner=19530343. 360) 424-1040.

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CPA Practice

SEPTEMBER 6, 2023

From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting and many other areas of operations.

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CPA Practice

AUGUST 10, 2023

She is a certified public accountant (CPA) in Maryland, Virginia and the District of Columbia, and is a member of the American Institute of Certified Public Accountants (AICPA). Decker received a bachelor’s degree in accounting and business management from Salisbury University.

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Going Concern

JANUARY 3, 2025

Talent Using podcasting to attract accounting talent [ Journal of Accountancy ] Two Boise State University accounting professors created a podcast series to attract new talent by taking students on professional journeys. To Be Continued… Oh do we have things to say about this.

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CPA Practice

JUNE 1, 2023

(NABA) National Association of Enrolled Agents (NAEA) National Association of Tax Professionals (NATP) National Conference of CPA Practitioners (NCCPAP) National Society of Accountants (NSA) National Society of Black Certified Public Accountants, Inc. Michael Paul Donnelly, Jr.

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Going Concern

SEPTEMBER 15, 2023

This reaction comes after the fashion retailer Superdry suspended trading in its shares in August having missed its account publication date, stating that normal procedures were taking longer than usual. Forty-five percent of CPA decision-makers were optimistic about their organization and 29% were optimistic about the U.S.

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CPA Practice

JULY 15, 2024

The Financial Accounting Standards Board (FASB) issued a new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements on July 12, marking the end of this multiyear project. A Statement of Financial Accounting Concepts is nonauthoritative and doesn’t establish or change U.S.

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CPA Practice

JANUARY 22, 2025

The Financial Accounting Standards Board published aproposed Accounting Standards Update on Jan. 22 focused on targeted improvements to theFASB Accounting Standards Codification.

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CPA Practice

JANUARY 3, 2025

The Financial Accounting Standards Board published aninvitation to comment on Jan. 3 that gives stakeholders the opportunity to provide feedback on the board's future standard-setting agenda.

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CPA Practice

MARCH 14, 2023

This article will provide a general overview of the current reporting requirements for foreign financial assets on the Report of Foreign and Financial Accounts (“FBAR”) and on Form 8938 under the Foreign Account Compliance Act (“FATCA”). person concerning that account or has any signatory authority over the account.

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CPA Practice

JUNE 11, 2024

The AICPA last week announced the 40 winners of the 2023 Elijah Watt Sells Award, granted to CPA candidates who obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections of the exam on their first attempt, and completed testing in 2023.

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CPA Practice

DECEMBER 22, 2023

The Financial Accounting Standards Board has issued a proposed new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. A Statement of Financial Accounting Concepts is nonauthoritative and does not establish or change generally accepted accounting principles.

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AccountingDepartment

NOVEMBER 3, 2020

So we sat down with AccountingDepartment.com’s Senior Implementation Controller, Jennie Hoffman, CPA to discuss what she thinks clients really mean when they say clean financials—and what they should actually be asking for instead. Interestingly, this is not a technical term—but its use is so widespread that it often seems to be.

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CPA Practice

NOVEMBER 25, 2024

The Financial Accounting Standards Board (FASB) has issued the report on Post-Implementation Review: Revenue from Contracts with Customers (Topic 606).

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Going Concern

APRIL 7, 2023

Audit Independence Matters: Avoiding Pitfalls for the Unwary [ The CPA Journal ] Auditor Independence is integral to the financial reporting system and trust in the capital markets. But he is encouraged by data that show a growing number of leaders are taking on well-being as part of their responsibility. Flexibility is your policy.

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CPA Practice

OCTOBER 23, 2024

Myles Corson, EY Global and Americas Strategy and Markets Leader, Financial Accounting Advisory Services, says: “These are tumultuous times for all business leaders and finance chiefs are no exception.

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Anders CPA

JULY 6, 2022

One of those being the accounting involved in combining businesses. To help simplify purchase accounting for business combinations involving private companies, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-18 back in December 2014. CONTACT ANDERS.

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CPA Practice

OCTOBER 18, 2023

The American Institute of CPAs has awarded Robert H. Herz, CPA, CGMA, FCA, with its 2023 AICPA Gold Medal Award of Distinction. The award, presented since 1944, is the highest honor bestowed by the AICPA, recognizing CPAs “whose influence on the accounting profession has been especially notable.”

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Anders CPA

JUNE 28, 2022

The Financial Accounting Standards Board (FASB) issued new reporting guidelines to help increase transparency around the measurement of contributed nonfinancial assets recognized by not-for-profits, including how much was used to support programs and activities. In-Kind Donation Reporting: How New Changes will Affect Your Audits.

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CPA Practice

JULY 17, 2024

Enacted in 2010 by Congress to target non-compliance by taxpayers using foreign accounts or foreign entities, FATCA requires most U.S. taxpayers holding financial assets outside the U.S. and certain foreign financial institutions to report assets and financial accounts to the IRS.

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CPA Practice

OCTOBER 24, 2024

Myles Corson, EY Global and Americas Strategy and Markets Leader, Financial Accounting Advisory Services, says: “These are tumultuous times for all business leaders and finance chiefs are no exception.

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