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).
June 22, 2014
How Trying to Improve a Business’ Credit Rating Can Hurt Profits
Do companies distort their investments to influence their credit rating? A University of Michigan researcher says yes.
June 22, 2014
74 Percent of Small Business Owners Optimistic on Economy
Almost three-fourths of small business owners in the U.S. are confident that their revenues will grow through 2014, according to a new study by cloud HR services provider TriNet.
June 22, 2014
Tom Hood, Jan Hargrave to Keynote 2014 BTC Summit
Tom Hood, CEO, Maryland Association of CPAs & Business Learning Institute, and Jan Hargrave, CEO of Jan Hargrave & Associates, will be the keynote speakers at the 2014 Boomer Technology Circles Summit August 18-19, 2014 at the Westin Crown Center in Kansas City, MO. Due to the growing importance of firm’s developing emerging leaders, the…
June 19, 2014
New Fixed Asset System Boosts Transparency and Compliance
New version allows tax and accounting professionals to effectively track fixed asset repairs under the final tangible property regulations, issued by the Internal Revenue Service and U.S. Department of the Treasury.
June 19, 2014
Wave Launches New Invoicing App
Wave, which makes a suite of small business financial tools, has launched a new app called Mobile Invoice by Wave. The app features one-tap activation of credit card processing, and no-fuss instant integration with Wave’s accounting tools, the app simplifies the entire process of getting paid for small businesses. Invoice by Wave launches today for…
June 18, 2014
CFO Optimism Highest Since 2006
For the first time since 2006, more CFOs believe the state of the U.S. economy will improve (51 percent) rather than remain the same or worsen (49 percent) during the next six months, according to the Grant Thornton LLP 2014 Spring CFO Survey. This also marks the highest percentage in the survey’s history, which reflects…
June 18, 2014
GASB Proposes Improvements to State and Local Post Employment Benefits Reporting
On Monday, the Governmental Accounting Standards Board (GASB) published two proposed Statements intended to significantly improve financial reporting by state and local governments of other postemployment benefits (OPEB), such as retiree health insurance. The GASB also published a third Exposure Draft that would establish requirements for pensions and pension plans that are outside the scope…
June 18, 2014
FASB Issues New Standard on Reporting of Repurchase Agreements
The Financial Accounting Standards Board (FASB) has issued a new standard to improve the financial reporting of repurchase agreements and other similar transactions. Accounting Standards Update No. 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures, changes the accounting for repurchase-to-maturity transactions and repurchase financing arrangements.
June 18, 2014
U.S. Patent Office Cancels Trademarks for Washington Redskins
On Wednesday morning, the United States Patent and Trademark Office ruled that it has canceled the team's trademark registrations that use the name Washington Redskins, stating that it is "disparaging to Native Americans."
June 17, 2014
Why Your Firm Should Rethink Cloud Security
Despite the growth of cloud-based technology, many accountants are hesitant to move all of their client data and firm management systems online. A survey conducted by CPA2Biz last fall found that 43 percent of CPAs have their doubts about the security of cloud-based applications, feeling “somewhat confident” or “not confident at all.”
June 17, 2014
Ohio Accountancy Board Approves 10-Minute CPE Program
The Accountancy Board of Ohio and the Ohio Society of CPAs has approved a new CPE program that offers certified professional education in 10-minute increments. Ohio joins the Maryland Association of CPAs in the new 10-minute CPE program, which it announced on May 30 of this year, following approval by the Maryland State Board of…
June 17, 2014
QuickBooks Connect to Bring Together SMB Owners, Accountants and Developers
Intuit, the company behind QuickBooks, TurboTax and many other financial and business technologies, has announced that it will hold its first-ever multi-community user conference. The event, called QuickBooks Connect, will offer entrepreneurs, small business owners, accountants and developers a unique experience "to come together, be inspired and get growing."