Thu, 9:20 am
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Between 2005 and 2010, the Internal Revenue Service received reports of almost 1,200 Electronic Filing Identification Numbers that had been compromised so that a person could file a tax return using another person's ID, according to Accounting Today.

  • A report by the...
Thu, 10:11 am
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Statistics from the AICPA show that first-quarter passing rates for the CPA exam have reached a three-year low, according to Accounting Today.

  • The biggest drop occurred in the Regulation portion of the exam. Passing rates for the REG section were 41.28% in the most...
Tue, 11:28 am
   

The Senate has voted to repeal parts of last year’s health care reform and small business laws, including expanded 1099 reporting requirements, Accounting Today reported Tuesday.
 

Fri, 11:08 am
   

Office Depot announced Friday that it would restate its finances for 2010 after the Internal Revenue Service denied its claim for an $80 million tax-related benefit.

Wed, 9:50 am
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The American Institute of CPAs’ Financial Reporting Executive Committee has revised its practice aid for valuing privately held company equity securities that are part of executive compensation packages, Accounting Today reported Wednesday.

  • The “cheap stock...
Fri, 11:25 am
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In its April 2011 issue, the Journal of Accountancy details the results from a recent survey of accounting firms meant to gauge how they’re incorporating technology into their business.

Here are some of the most commonly used technologies, according to the survey:

...
Mon, 10:08 am
   

The AICPA and London’s Chartered Institute of Management Accountants want to create a new global management accounting designation in the hopes that it would boost management accounting’s status in the U.S. and make the U.S. CPA designation the global standard of excellent,...

Fri, 6:20 am
1

Use the force, Luke. Or perhaps a detailed spreadsheet.

AccountingToday.com has unearthed this gem, a retelling of a scene from The Empire Strikes Back by the Pennsylvania Institute of CPAs that seeks to raise awareness of the CPA profession and PICPA. ‪...