Auditing

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June 22, 2016 

Evangelista to Lead NY Accounting Foundation

David Evangelista, CPA, a nationally-known employee benefit plans advisor and auditor, was recently elected president of the Foundation for Accounting Education’s (FAE) Board of Trustees.

 FASB Finalizes Standard for Credit-Loss Accounting

June 21, 2016 

FASB Finalizes Standard for Credit-Loss Accounting

After numerous delays and extensions, the Financial Accounting Standards Board (FASB) issued its long-awaited final standard on accounting for credit losses on Thursday. After meeting with concerned community bankers, auditors and regulators, the ...

 AICPA and CIMA Create New International Accounting Association

June 20, 2016 

AICPA and CIMA Create New International Accounting Association

A supermajority of AICPA members who voted supported the proposal, 86.5 percent to 13.5 percent, according to the independent tabulator Survey and Ballot Systems. CIMA members also overwhelmingly endorsed the proposal 89.7 percent to 10.3 percent ...

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June 15, 2016 

Watch Your Step! Don’t Trip into Investment Advice

A client asked his CPA for her opinion regarding an investment they were considering. Because the CPA did not have experience with this type of investment, she advised the client to consult with his own financial adviser, but she did not document the ...

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June 10, 2016 

Change Is Imminent (In Accounting)

In order to remain above the competition and provide the most up-to-date accounting skills, it’s wise to stay informed on what’s affecting the world of accounting and what kind of an impact it has on the overall health of the accounting industry.

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May 24, 2016 

2016 Overview of WASP AssetCloud

www.wasbarcode.com Ed. Note: AssetCloud is a new product and was not assigned star ratings in this review, due to it’s primary focus on asset inventory tracking. AssetCloud from WASP was just released in April of this year. AssetCloud is designed for users that wish to track assets on a variety of devices including iOS, Android,...…

Mary Girsch-Bock

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May 24, 2016 

2016 Review of Sage Fixed Assets

www.sage.com/us/sage-fixed-assets Best Fit: Corporations, nonprofit organizations, and government entities that need to manage a large amount of assets in-house. The product can also be used by accounting firms that current manage client asset and depreciation. Product Strengths: Product is available online or can be installed locally Offers excellent asset management capability Integrates with other Sage...…

Mary Girsch-Bock