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Who’s on First?
It can be entertaining sometimes to watch the interaction between the SEC, IASB, FASB, FAF, and the AICPA as they debate the future of the U.S. financial reporting system. It reminds me of the Abbott...
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Announcement on Private Company Reporting: News or Snooze?
On May 23, 2012, the Financial Accounting Foundation (FAF) board of trustees finalized the structure of a new body, the Private Company Council, which will work to address the needs of privately held...
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The Comfort Letter Trap
Jeff McGuire, JD, Partner, Cipriani & Werner and several experts address the tricky landscape of comfort letters for CPAs. The relationships between a CPA and his or her clients can last for many...
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President Misses the Mark on Inversion Blame
By Guest Blogger, Ed Jenkins Jr., CPA In President Obama’s press conference on Aug. 7, 2014, he blamed the wave of corporate inversions to escape the 35 percent statutory corporate federal tax rate on...
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Management Accounting—Should You Pursue the CGMA Designation?
The AICPA and the Chartered Institute of Management Accountants (CIMA) launched the Chartered Global Management Accountant (CGMA) designation in 2012. As of Nov. 19, 2014, there are now 48,931 CGMAs in...
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The Next Generation of the CPA Exam
Did you know that both Facebook and the electronic CPA Exam debuted around the same time 10 years ago? The year was 2004. There were no smartphones or tablets. No texting. Google existed, but it was a...
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