Too many feedback forms offer limited choices, preventing customers or employees from answering fully and honestly, writes Paul LaRue. Feedback requests that don't allow for criticism are missed opportunities to improve.
The Public Company Accounting Oversight Board has issued staff guidance that describes important considerations related to the new auditor's reporting model.
The final part of this article contains a comprehensive analysis of the tax reporting of the net income distribution to a US beneficiary of a foreign nongrantor trust. This report also features a detailed example of fiduciary accounting, the application of tax-treaty provisions and the corresponding distributable net income allocations for the US and foreign beneficiaries.
It's a big win for your organization when an employee or a co-worker earns the CPA. Be an active part of the person's CPA journey.
Distributed-ledger technology, also known as blockchain, presents a twofold challenge for accountants and auditors. They need to understand the technology and how accounting and auditing rules relate to it.
The AICPA Financial Reporting Executive Committee exposed five revenue recognition implementation issues in four industries Friday. When completed, the drafts will be added to the AICPA's revenue recognition guide.
In the early hours of Saturday, the Senate passed its version of the Tax Cuts and Jobs Act by a vote of 51-49. The bill would lower the top individual tax rate to 38.5% and would lower the top corporate tax rate to 20% from 35%, among many other changes to tax law.
The new revenue recognition standard has several areas that might require companies to make judgment calls as they ensure compliance.
Some millennials are willing to make sacrifices, such as reducing outings or delaying the start of a family or the purchase of a house, to save more, according to a Merrill Edge report.