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Accounting/Auditing >> |
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Technical Updates
Below are the most recent exposure drafts. Review the complete
list on the ICPAS website:
Accounting, Auditing, Governmental, Compilation
and Review.
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IASB |
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Mandatory Effective Date of IFRS 9
(Issued 8.4.11)
Read More.
Comment
Deadline: 10.21.11
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PCAOB |
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Auditing Supplemental Information Accompanying Audited Financial Statements and Related Amendments to PCAOB Standards
(Issued 7.12.11)
Read More.
Comment
Deadline: 9.12.11
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Proposed
Standards for Attestation
Engagements Related to Broker and
Dealer Compliance or Exemption
Reports Required by the U.S.
Securities and Exchange Commission
and Related Amendments to PCAOB
Standards
(Issued 7.12.11)
Read More.
Comment Deadline: 9.12.11
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SEC |
- Re-proposal of Shelf Eligibility Conditions for Asset-Backed Securities and Other Additional Requests for Comment
(Issued 7.26.11)
Read More.
Comment
Deadline: 10.4.11
- Covered Securities Pursuant to Section 18 of the Securities
Act of 1933
(Issued 8.8.11)
Read More.
Comment
Deadline: 30 days after publication in the Federal Register
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Implementation Guidance
ICPAS maintains
a table of newly issued
Accounting,
Auditing,,
Governmental,,
Compilation
and Review
standards, with a link to the corresponding resources
for members.
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Tax Matters >> |
Taxation
Committee Reports
2010 Form 8939 Update – Now Due November 15, 2011
"The IRS issued update gives guidance for the treatment of basis for certain estate of decedents who died in 2010."
Read More.
(Taxation Estate, Gift & Trust Committee)
Limit No Longer Applies to Many Innocent Spouse Requests
"The Internal Revenue Service announced that it will extend help to more innocent spouses by eliminating the two-year time limit that now applies to certain relief."
Read More.
(Taxation Practice & Procedures Committee)
IRS Scams Identify Paid Preparers Fraud as a Top Problem
"The Internal Revenue Service encouraged taxpayers to guard against being misled by unscrupulous individuals trying to persuade them to file false claims for tax credits or rebates."
Read More. (Taxation
Practice & Procedures Committee)
Catch up on Past Taxation Committee Reports
IRS
Briefs
Deadline for Voluntary Disclosure of Offshore Accounts Looms
"Taxpayers hiding assets offshore are
reminded to come forward before the
offshore voluntary disclosure initiative
ends August 31."
Read More. (IRS)
IRS
Technical Guidance
Notice 2011-63
provides supplemental guidance on the
determination of when State and local
bonds are considered "issued" for
purposes of volume cap limitations.
Notice 2011-67
provides guidance as to the corporate
bond weighted average interest rate and
the permissible range of interest rates.
Notice 2011-66
provides guidance for executors of
estates of decedents who died in 2010
regarding the time and manner of
choosing to opt out of the estate tax.
Revenue Procedure
2011-41 provides safe
harbor guidance regarding property
acquired from estates of decedents who
died in 2010.
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Practice Management >> |
Leverage Tech for Success
"Leverage and accounting firms go hand in hand.... That being said, the chief tool in each of our offices is
technology."
Read More.
(AccountingWEB)
Is Growth in Your Firm's Culture?
"[M]arketing and business development does not happen by chance. For a growing number of firms,
... it is a part of their culture."
Read More.
(CPA Insider)
How to Handle Tax Fraud
"CPA tax preparers must be able to spot warning signs that may indicate tax fraud and know how to handle dealings with clients and the IRS when those signs appear."
Read More.
(Journal of Accountancy)
Practice Wanted
"Licensed CPA with 17 years experience
... looking to expand my new sole
practice through the acquisition of
another firm in the southwest or western
suburbs of Chicago."
Learn More.
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ICPAS Updates >> |
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ICPAS in the Media
View our
Recent Press Coverage
to see our latest media items.
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Send us
your staff announcements, new location
or awards in the form of a press release
or email message and we'll post it in
the
Members in the
News area of our site.
Pave the
Way for Future CPAs
Support the future of the CPA profession
with a gift to the CPA Endowment Fund
of Illinois.
Learn More.
(ICPAS)
Follow ICPAS on Twitter
& Join in the
Discussion!
Check out
@IllinoisCPA, the Twitter page
for ICPAS members to get the latest on
courses, events and news.
It's Cool to be Cheap
Get money management tips from ICPAS by
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on Twitter. Pass it along to clients, friends
and family.
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