Accounting February 6, 2026
AICPA News – Feb. 2026
AICPA News is a round-up of recent announcements from the American Institute of CPAs, the Association of International CPAs, and the Chartered Institute of Management Accountants (CIMA).
March 13, 2020
President Instructs IRS to Extend April 15 Tax Deadline Due to Coronavirus
President Donald Trump has instructed the Treasury Department and IRS to extend the April 15, 2020 deadline for filing federal income tax returns for those affected by Coronavirus. The change is only for this year.
March 12, 2020
Survey Shows Areas for Improving Compliance Functions
In related data points, one in five respondents indicated that their organization does not perform an annual organization-wide risk assessment and 31 percent said their auditing and monitoring process is insufficient for an effective compliance ...
March 12, 2020
Beware Coronavrus Scams
Coronavirus is threatening the health and well-being of hundreds of thousands of people around the globe, and some estimates expect the virus to cost more than $2.7 trillion in lost economic productivity.
March 12, 2020
Retailers Worry Over Coronavirus Impact
Almost half of all retailers expect some economic downturn in their revenue as a result of the WHO declared pandemic known as the coronavirus, or COVID-19, according to a March 2020 survey by Digital Commerce 360 of 304 retailers.
March 12, 2020
AICPA Unveils New Supply Chain Risk Management Reporting Framework
The SOC for Supply Chain framework is a market-driven, flexible and voluntary framework for organizations to communicate certain information about their manufacturing, production or distribution system and the effectiveness of controls that mitigate ...
March 11, 2020
FreshBooks Launches in Ireland
New research from FreshBooks suggests the number of Irish self-employed professionals and small businesses could double to nearly 500,000 across the country by 2022. Among those who said they wanted to start their own small business in the ...
March 10, 2020
Local-Sourced CEOs More Likely to Think Long Term
Local CEOs are less likely to cut research-and-development expenses for beating analyst forecasts or avoiding earnings decreases. Various tests suggest that the relation is causal ...
March 10, 2020
The Finance Organization is Changing … Are You?
The role of finance continues to evolve into strategic business advisors As business becomes more complex, immediate access to accurate and comprehensive data becomes critical. The Accounting and Finance (A&F) organization manages and analyzes more data than any other department. Therefore, A&F is in a unique position serve as a strategic advisor to business leaders...…
March 10, 2020
ASB’s New Auditor Reporting Standard Provides Additional Accuracy, Consistency and Transparency
In the ASB’s continuing effort to conform Generally Accepted Auditing Standards (GAAS) to the new auditor reporting standards, SAS No. 139 aligns the following AU-C sections with the reporting provisions of SAS No. 134, Auditor Reporting and ...
March 10, 2020
Tax and Tax Audit Services Need More Automation
Research data for the Big 4 firms shows Audit and Advisory being the biggest source of revenue for three of the big firms. (The one exception, Deloitte, is remarkably strong in Advisory Services, making it the single largest earner ...
March 9, 2020
Seven Keys in Selecting Lease Accounting Software
Opting to use software is a smarter choice, but brings its own separate dilemma: how do you choose the right lease accounting software for your needs?
March 9, 2020
Tech Firms Worry Business Impact of Coronavirus Will Last
With dozens of tech conferences and business trips already canceled or postponed, the Bay Area’s tourism and travel industries are affected. In addition, thousands of travelers from China normally come through Bay Area airports.