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).
May 27, 2020
NASBA Proposes Revisions to Uniform Accountancy Act Model Rules
The proposed changes, which are relevant to the CPA Evolution Initiative’s charge, pertain to educational requirements for individuals wishing to enter the CPA profession, and are aligned to encourage uniformity among the 55 U.S. Jurisdictions.
May 27, 2020
IRS Updates Regulation on Income Tax Withholding on Retirement and Annuity Payments
Under the proposed regulation for 2021 and future calendar years, the Treasury Department and the IRS will provide the rules and procedures for determining the default rate of withholding on periodic payments when a taxpayer has no withholding ...
May 27, 2020
IRS Continues Sending Stimulus Payment Debit Cards: Watch for Plain Envelopes
Nearly 4 million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check. The determination of which taxpayers received a debit card was made by the Bureau of the Fiscal Service, a part of the Treasury ...
May 27, 2020
Preparing for the Post-Pandemic Workplace
An employer’s best course of action to protect employees and customers, and minimize the potential for legal actions is to continue to do what most have already done – follow to the fullest extent possible all CDC, OSHA, and state and local health ...
May 27, 2020
Florida Accountant Accused of $450,000 Embezzlement
A Boynton Beach, Florida accountant embezzled more than $450,000 from a senior-care business by printing fraudulent checks to himself, police alleged in arresting him on a grand theft charge Friday.
May 27, 2020
Americans Expect a Natural Disaster, But are Unprepared Financially
Nearly four in ten Americans (37 percent) admit they do not have a good sense of how much recovering from a natural disaster would cost their family financially. And seven in ten (71 percent) say that such an event would have a major or moderate ...
May 27, 2020
States and Feds Tracking Covid-19 Scams
Suspect cures and price gouging on short supplies have become a game of Whac-A-Mole for state and federal regulators and some businesses during the pandemic.
May 27, 2020
Consumer Confidence Stabilized in May
But just 14% of respondents said they expected their incomes to increase in the next six months, the smallest share since 2013. “Consumers remain concerned about their financial prospects,” Franco said.
May 26, 2020
Do Credit Cards Encourage Overspending?
The long-held idea that credit cards encourage overspending isn’t necessarily false. A journal article by University of Toronto Researcher Dilip Soman found that those who have a history of using credit cards as a form of payment tend to overspend ...
May 26, 2020
Financial Accounting Foundation Issues Annual Report
The annual report theme is “Standards That Work for Everyone.” It provides an outline of how the Financial Accounting Standards Boards (FASB) and the Governmental Accounting Standards Board (GASB) work together to obtain fresh ...
May 26, 2020
XCM Releases New API for Engagement Task Data
This latest GET API will allow XCM customers to access their engagement task information, including key dates and acceptance detail, typically captured throughout the lifecycle of an audit engagement, used to create a number of unique reporting needs ...
May 26, 2020
Illinois CPA Society Announces Scholarship Recipients
The Illinois CPA Society (ICPAS) is pleased to award $84,000 in scholarships to 43 accounting students as part of its Accounting Scholarship Program, which supports accounting students at Illinois colleges and universities who demonstrate strong ...