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Articles

Changes related to peer review proposed for UAA
The National Association of State Boards of Accountancy (NASBA) is proposing changes to the Uniform Accountancy Act (UAA) Model Rules related to peer review programs. The newly proposed rules would change Article 7 of the UAA Model Rules and...
Accounting Standards Board finalizes Omnibus Statement on Accounting Standards to More Closely Align to PCAOB Standards
At its October meeting, the AICPA's Auditing Standards Board voted to issue a final Statement on Auditing Standards, Omnibus Statement on Auditing Standards—2019 , to more closely align its guidance with the PCAOB's standards by primarily...
Enhanced audit standards changes that make sense
Changes are coming to the AICPA’s private company auditing standards, specifically AU-C section 260, AU-C section 550, and AU-C section 240. The standards will more closely align to the Public Company Accounting Oversight Board’s (PCAOB) standards.
The government has shut down, but tax season doesn’t stop
Busy season is still expected to start on time, but key IRS functions may not be operational. The potential effects of a prolonged government shutdown could make things interesting for CPA tax practitioners.
Thoughts and opinions needed on supply chain controls
Businesses today rely on complex supply chains that connect suppliers to manufacturers and manufacturers to customers. The AICPA is seeking comments on an exposure draft that provides proposed description criteria on SOC for supply chains.
Pelosi gives Hayes position on House education panel
Rep. Jahana Hayes, the 2016 National Teacher of the Year, has been given the job in Congress that she really wanted — a seat on the House Education and Labor Committee. The committee has jurisdiction over federal education issues and labor...
Automation can't out-human you
Robotics, artificial intelligence and other advanced technologies don't mean you become obsolete. They mean you become more human. Have your members download the Human Intelligence eBook to learn how to expand their skills and prove themselves...
Gov. Lamont Sets February 26 Special Elections for Five General Assembly Seats
Governor Ned Lamont today announced that he has selected Tuesday, February 26 as the date to hold special elections to fill vacancies for five seats in the Connecticut General Assembly. The vacancies are in the following districts...
IRS issues standard mileage rates for 2019
The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard...
IRS Statement - IRS Reopens IVES, Some Fee-based Programs
While the IRS remains closed during the partial government shutdown, the agency recognizes the immediate hardship incurred if information is not available through the Income Verification Express Service (IVES) program as well as by taxpayers who...

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