AICPA News Feeds

Scammer shows how easy it is to defraud Medicare

Mon, 16 Nov 2009 22:00:00 -0800

Medicare fraud -- estimated at $60 billion a year -- is one of the largest money-making crimes in the U.S. -More-

Madoff says he was surprised that the SEC didn't catch him

Mon, 16 Nov 2009 22:00:00 -0800

Bernard Madoff expressed surprise that the Securities and Exchange Commission did not detect his Ponzi scheme. -More-

Former SEC lawyer is linked to Dreier case

Mon, 16 Nov 2009 22:00:00 -0800

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Florida lawyer is suspected of running Ponzi scheme

Mon, 16 Nov 2009 22:00:00 -0800

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2 former Bear Stearns fund managers are acquitted of fraud

Mon, 16 Nov 2009 22:00:00 -0800

A federal jury in New York found two former Bear Stearns hedge fund managers not guilty of fraud and related charges in conne -More-

Judge says Stanford receiver has no standing to sue

Mon, 16 Nov 2009 22:00:00 -0800

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Cramer calls for third-party valuation

Mon, 16 Nov 2009 22:00:00 -0800

CNBC's Jim Cramer recently called for the increased use of third-party valuation firms, and demand for third-party valuation -More-

Making valuations in private equity

Mon, 16 Nov 2009 22:00:00 -0800

Private-equity investors distinguish between "pre-money" and "post-money" valuations, according to this article. -More-

How to determine valuations of life sciences firms

Mon, 16 Nov 2009 22:00:00 -0800

When valuing a life science company, two approaches are possible, according to this article. -More-

FASB issues exposure draft of proposed update to accounting standards

Mon, 16 Nov 2009 22:00:00 -0800

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Scandals help highlight the role of forensic accounting

Mon, 16 Nov 2009 22:00:00 -0800

The role of forensic accountants in American criminal and civil litigation has become more visible with Ponzi schemes and sca -More-

FASB settles on changes to fair-value rules

Mon, 16 Nov 2009 22:00:00 -0800

The Financial Accounting Standards Board and the International Accounting Standards Board were at odds over fair-value accoun -More-

Just Announced! Live Web seminar series: Cost of Capital as a Critical Element in Business Valuation

Mon, 16 Nov 2009 22:00:00 -0800

Fundamental efforts to value a business require an estimate of its cost of capital. -More-

Order Introduction to Business Valuation self-study for 16 hours of CPE

Mon, 16 Nov 2009 22:00:00 -0800

This course, written by Gary Trugman, is an introductory business-valuation course for the individual who knows very little a -More-

January BV networking group details announced

Mon, 16 Nov 2009 22:00:00 -0800

Registration is now available for the upcoming BV Networking Group. -More-

Register now for Creating a Niche Forensic Practice Web seminar series

Mon, 16 Nov 2009 22:00:00 -0800

For the individual CPAs and their firms that want to participate in the fast-growing niche of forensic accounting, find out w -More-

Zig Ziglar, self-help author

Mon, 16 Nov 2009 22:00:00 -0800

When you set goals, something inside of you starts saying, 'Let's go, let's go,' and ceilings start to move up. -More-

FASB, IASB will work more intensely to reach common set of standards

Wed, 04 Nov 2009 22:00:00 -0800

The leaders of the Financial Accounting Standards Board and the International Accounting Standards Board announced at an IFRS -More-

Accounting-rule makers fail to come together on fair value:

Wed, 04 Nov 2009 22:00:00 -0800

Members of the International Accounting Standards Board met recently with members from the Financial Accounting Standards Boa -More-

Survey: SEC should approve adoption of IFRS

Wed, 04 Nov 2009 22:00:00 -0800

The Securities and Exchange Commission's proposal for adopting International Financial Reporting Standards is supported by 70 -More-

FASB chairman warns about Europe's meddling in accounting rules

Wed, 04 Nov 2009 22:00:00 -0800

Robert Herz, chairman of the Financial Accounting Standards Board, says pressure from Europe on the International Accounting -More-

CPA Exam to get makeover, include IFRS questions

Wed, 04 Nov 2009 22:00:00 -0800

Major changes to the Uniform CPA Examination are now scheduled for the beginning of 2011. -More-

SEC's chief accountant says update on IFRS road map to come this fall

Wed, 04 Nov 2009 22:00:00 -0800

The Securities and Exchange Commission's chief accountant on Oct. -More-

SEC sparks IFRS debate again in U.S.

Wed, 04 Nov 2009 22:00:00 -0800

The debate over the conversion to International Financial Reporting Standards in the U.S. -More-

How to leverage Sarbanes-Oxley investment for IFRS convergence

Wed, 04 Nov 2009 22:00:00 -0800

Ernst & Young senior manager Steve Arnold, CPA, offers quick, practical tips on steps for tapping internal control staff to f -More-

IASB, FASB exclude certain leases from new accounting rule

Wed, 04 Nov 2009 22:00:00 -0800

Decisions by the Financial Accounting Standards Board and the International Accounting Standards Board may exclude certain ty -More-

U.K. accounting group cites EU threat to global standards

Wed, 04 Nov 2009 22:00:00 -0800

The Institute of Chartered Accountants in England and Wales has warned that "political interference" from some EU members on -More-

Accounting standards are finalized for private enterprises in Canada

Wed, 04 Nov 2009 22:00:00 -0800

The Canadian Accounting Standards Board recently approved final accounting standards for private enterprises. -More-

South Korea is on the way to adopting IFRS

Wed, 04 Nov 2009 22:00:00 -0800

South Korea announced a roadmap to implement International Financial Reporting Standards in 2007, and since then, Korea becom -More-

AICPA to release IFRS Accounting Trends & Techniques; order now to get pre-publication discount

Wed, 04 Nov 2009 22:00:00 -0800

IFRS Accounting Trends & Techniques provides a close look at the reporting practices of international companies that have alr -More-

Volunteers needed to develop questions on IFRS for Uniform CPA Examination

Wed, 04 Nov 2009 22:00:00 -0800

The AICPA Examinations Team is seeking professionals with solid skills and knowledge in International Financial Reporting Sta -More-

AICPA survey shows CPAs delayed IFRS readiness while SEC waited on road map

Wed, 04 Nov 2009 22:00:00 -0800

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Do you plan to step up your IFRS training after the SEC releases its expectations for IFRS later this fall?

Wed, 04 Nov 2009 22:00:00 -0800

Look out for the IFRS Year-End Report on Dec. 8 and 15. The results of this poll will appear in Part 2 on Dec. 15. -More-

Andy Rooney, American journalist and commentator

Wed, 04 Nov 2009 22:00:00 -0800

If you smile when no one else is around, you really mean it. -More-

Justices suggest SEC should set mutual fund fees

Mon, 16 Nov 2009 22:00:00 -0800

Several Supreme Court justices appeared to suggest during a case being closely watched by the mutual fund industry that the S -More-

Conditions are ideal for transferring ownership of family business

Mon, 16 Nov 2009 22:00:00 -0800

The economic downturn has created an ideal time for family businesses to transfer ownership of the company within the family, -More-

Combining activities to avoid Section 183 limits

Mon, 16 Nov 2009 22:00:00 -0800

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Some analysts say 10% unemployment could be the new normal

Mon, 16 Nov 2009 22:00:00 -0800

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Savings vehicle aims to combine best of pensions, 401(k)

Mon, 16 Nov 2009 22:00:00 -0800

DB(k) plans, which were created in the 2006 tax code, may be launched as early as January. -More-

Stimulus act may help struggling owners of rental property

Mon, 16 Nov 2009 22:00:00 -0800

The American Recovery and Reinvestment Act of 2009 may be helpful to some rental property owners who are struggling with redu -More-

Some investors see opportunities in commercial real estate

Mon, 16 Nov 2009 22:00:00 -0800

The economic downturn has prompted some investors, particularly retirees, to become more conservative, preferring to put thei -More-

FINRA, SEC: More clarity is needed on life-settlement regulation

Mon, 16 Nov 2009 22:00:00 -0800

Speakers from the Financial Industry Regulatory Authority and the Securities and Exchange Commission agreed during a panel di -More-

Dodd bill would do away with "broker-dealer exemption"

Mon, 16 Nov 2009 22:00:00 -0800

Sen. -More-

Bill would shield financial advisers from lawsuits

Mon, 16 Nov 2009 22:00:00 -0800

The Senate Finance Committee is considering a bill that would limit the vulnerability to lawsuits facing advisers that sell 4 -More-

Measure would provide tax relief for more Madoff victims

Mon, 16 Nov 2009 22:00:00 -0800

Investors who invested with Bernard Madoff received tax relief last year, but the rules did not help those who invested in th -More-

House passes health care reform; Senate fight is expected

Mon, 16 Nov 2009 22:00:00 -0800

A health care reform bill narrowly passed the House and now faces stiff opposition in the Senate. -More-

Advisers welcome new tools to manage risk

Mon, 16 Nov 2009 22:00:00 -0800

The need for investment advisers to develop new tools for measuring risk has intensified since the financial crisis, accordin -More-

Advisers have opportunity to help investors with Roth conversions

Mon, 16 Nov 2009 22:00:00 -0800

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New Member Benefit: Bob Veres Inside Information newsletter

Mon, 16 Nov 2009 22:00:00 -0800

Bob Veres Inside Information newsletter service was introduced last month as a FREE benefit to all PFP Section members and PF -More-

November/December Planner now available

Mon, 16 Nov 2009 22:00:00 -0800

The last 2009 issue of Planner is devoted to an extensive article about Roth IRA conversions by Robert Keebler. -More-

From Tax Advisor to Wealth Manager: The Road Best Traveled -- Jan. 17, 2010

Mon, 16 Nov 2009 22:00:00 -0800

This all-day pre-conference session at the 2010 AICPA Advanced PFP Conference will focus on how to integrate retirement, esta -More-

Aristotle, Greek philosopher

Mon, 16 Nov 2009 22:00:00 -0800

It is the mark of an educated mind to be able to entertain a thought without accepting it. -More-

Geithner faces pressure from lawmakers

Thu, 19 Nov 2009 22:00:00 -0800

Treasury Secretary Timothy Geithner faced calls for his resignation at a meeting of the Joint Economic Committee on Thursday. -More-

Commentary: Geithner backtracks on problem with AIG:

Thu, 19 Nov 2009 22:00:00 -0800

Neil Barofsky, inspector general for the Troubled Asset Relief Program, said in his latest report that the New York Federal R -More-

NetClient CS®—The Profession's Most Trusted Client Portal Solution — Offering a simple pricing structure and the most advanced features available, NetClient CS is the easiest, most powerful way to take paperless workflow to the next level. Learn more now

Number of troubled mortgages hits new high, is expected to climb

Thu, 19 Nov 2009 22:00:00 -0800

About 14% of U.S. -More-

Government is guaranteeing more mortgages in affluent areas:

Thu, 19 Nov 2009 22:00:00 -0800

The federal government is insuring more mortgages to bolster the housing market. -More-

Credible plan for reducing deficit is needed

Thu, 19 Nov 2009 22:00:00 -0800

President Barack Obama and Congress do not need to immediately start reducing the federal deficit, but they need to come up w -More-

Interest on U.S. debt will approach $5 trillion over next decade

Thu, 19 Nov 2009 22:00:00 -0800

Over the next ten years U.S. debt will amass $4.8 trillion in interest. -More-

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In XBRL tagging, responsibility rests with filing companies

Thu, 19 Nov 2009 22:00:00 -0800

Panelists at the 2009 XBRL US National Conference in New York this week said the onus for Extensible Business Reporting Langu -More-

Accounting fraud has spiked in past 12 months

Thu, 19 Nov 2009 22:00:00 -0800

Accounting fraud has shown dramatic increases at global companies over the past 12 months, according to a survey of 3,000 sen -More-

IRS will allow truncated SSNs on certain information returns

Thu, 19 Nov 2009 22:00:00 -0800

The IRS has announced that filers of some information returns can truncate individual payees' 9-digit identifying numbers on -More-

House panel OKs systemic-risk council that couldn't override SEC

Thu, 19 Nov 2009 22:00:00 -0800

The House Financial Services Committee has approved a measure to create a systemic-risk council of regulators that would be a -More-

Lawmakers postpone vote on systemic regulator, seek audits of Fed

Thu, 19 Nov 2009 22:00:00 -0800

The House Financial Services Committee has approved a measure that would expand the Government Accountability Office's audits -More-

OMB director endorses health care reform legislation

Thu, 19 Nov 2009 22:00:00 -0800

Peter Orszag, director of the Office of Management and Budget, writes that the health care reform bills advancing through the -More-

Register today: SEC & PCAOB Conference, Dec. 7 to 9, offers sessions by top regulators and experts

Thu, 19 Nov 2009 22:00:00 -0800

The AICPA National Conference on Current SEC and PCAOB Developments, Dec. -More-

Jonathan Winters, comedian, author and artist

Thu, 19 Nov 2009 22:00:00 -0800

Nothing is impossible. Some things are just less likely than others. -More-