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May 4, 2015 

Guide Helps Firms Comply with New Accounting Standard

Thomson Reuters has introduced PPC’s Guide to SSARS Preparation Engagements in response to the new financial statement preparation service introduced by the Accounting and Review Services Committee of the AICPA.

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May 4, 2015 

Accounting Firms Meet in Edinburgh, Scotland for Conference

The international alliance of independent accounting firms, TIAG, is holding its 24th international conference from May 4-6 in Edinburgh, Scotland. As the featured keynote speaker, Rt Hon Lord Norman Lamont, Former Chancellor of the UK Exchequer, will present on “The Future of Europe.” In addition to TIAG members, delegates from TIAG’s affiliate alliances, TAGLaw and...…

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May 4, 2015 

Intacct Launches New Cloud-Based Metrics Suite

This launch marks Intacct as the first and only mid-market cloud ERP system to automate the calculation of operational insights for SaaS companies using real-time transactional data from systems of record.

 FASB Proposes Changes to Not-for-Profit Financial Statements

April 29, 2015 

FASB Proposes Changes to Not-for-Profit Financial Statements

The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) intended to improve the information provided in not-for-profit financial statements and notes to financial statements. Stakeholders are encouraged to review and comment on the proposed ASU, Presentation of Financial Statements of Not-for-Profit Entities, by August 20, 2015. “The proposed ASU contains...…

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April 29, 2015 

NFL Gives Up Its Tax-Exempt Status

On the eve of its annual draft, the National Football League (NFL) announced that it is giving up its tax-exempt status, according to Bloomberg News and various other media sources. Unlike most other nonprofit organizations, the tax break was considere