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).
December 10, 2020
Businesses Optimistic, But Say New Stimulus Is Critical to Economy
More than half of business executives (54 percent) say they expect some negative impact to their organizations if a renewed round of economic stimulus does not materialize by early 2021, according to the fourth-quarter AICPA Economic Outlook Survey.
December 10, 2020
Businesses Remain Resilient in Face of Spike in Covid Cases
The percentage of respondents who said they were at least somewhat optimistic about the economy rose to 42% in the recent analysis, compared with 30% in the summer survey. This time around, 71% said they were at least somewhat optimistic about their ...
December 10, 2020
New AICPA Standard for Attestation Engagements Tackles Transparency and Consistency
In a review engagement, the practitioner obtains a limited level of assurance that the subject matter is in accordance with specified criteria. SSAE No. 22 describes the types of procedures a practitioner may perform in a review engagement ...
December 10, 2020
Net Worth of U.S. Billionaires Has Increased by $1 Trillion Since Beginning of Pandemic
The collective wealth of America’s 651 billionaires has jumped by over $1 trillion since roughly the beginning of the COVID-19 pandemic to a total of $4 trillion at market close on Monday, December 7, 2020. Their wealth growth since March is more than ...
December 9, 2020
IRS Again Urged to Provide Penalty Relief Amid Pandemic
The coalition points out in the letter that “...for many Americans, the global pandemic has created obstacles preventing many taxpayers and their advisors from timely filing returns or making timely payments despite their best efforts.
December 9, 2020
2020 in Review: CPA Firms Redefine Their Role with Small Business and Ramp Up Advisory Offerings
CPA firms reaffirmed their value to small business clients in 2020, even as they reshaped the way they deliver their services, said Erik Asgeirsson, president and CEO of CPA.com.
December 8, 2020
Housing Demand Likely to Stay High for Years to Come
Low rates of household formation since the Great Recession have caused 5.7 million "missing" households, a new Zillow analysis finds. These missing households represent people who historically would have moved into their own home but have been unable...
December 8, 2020
Is Captive Insurance the Right Fit for Your Clients?
If the turmoil of 2020 has shown businesses anything, it’s that they should have been better protected and most businesses could have benefited from more insurance and more money. The pandemic and riots have forced thousands of businesses into ...
December 8, 2020
New Organizer Features Added to CCH ProSystem fx Engagement
Wolters Kluwer Tax & Accounting has announced the addition of new features to the Engagement Organizer in its award-winning CCH® ProSystem fx® Engagement integrated audit management solution. With new Engagement Organizer capabilities, clients can now ...
December 7, 2020
Subscription-Based Billing Pioneer Honored as CPA.com’s 2020 Innovative Practitioner
Jody Grunden, CPA, a pioneer of subscription-based billing within the accounting profession, has been named the 2020 recipient of CPA.com’s Innovative Practitioner Award, which recognizes innovation in process, services and technology implementation.
December 7, 2020
New Jersey Society of CPAs Announces 10 CPA Exam Fee Lottery Winners
The CPA Exam Fee Lottery was created to offset the high cost of taking the CPA Exam, which can often exceed $1,000 when factoring in all four parts of the Exam and initial application fees. Exam takers can also incur additional fees of several thousand...
December 7, 2020
Wolters Kluwer Adds New Features to TeamMate Analytics Solution
Wolters Kluwer Tax & Accounting has announced the addition of new capabilities to its innovative TeamMate Analytics solution used by external auditors at tax and accounting firms, as well as by internal audit departments in businesses and ...