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 21, 2017
The Changing Role of the CIO
When asked what would persuade them to take a new role, CIOs are pretty evenly split. A slight majority (27 percent) say a higher salary holds the most appeal, while 25 percent cite the ability to consult and control their own schedule as a chief ...
May 21, 2017
Grant Thornton Named Best Forensic Accounting Firm
This award recognizes Grant Thornton’s Forensic Advisory Services practice, which specializes in helping companies and their legal counsel investigate allegations of fraud, waste or abuse and whistleblower claims, as well as understand regulatory ...
May 21, 2017
Texas, Florida and N. Carolina Top List of Best States for Business
Anchoring the bottom as the five worst states for business are California (No. 50), New York (No. 49), Illinois (No. 48), New Jersey (No. 47), and Connecticut (No. 46)—all repeating their ranking from last year. Mississippi was this year’s biggest gainer,
May 21, 2017
Louisiana CPA Receives AICPA Public Service Award
This annual award honors an individual who has demonstrated outstanding public service. Zanco, who resides with his family in Lafayette, La., was chosen from among a select field of candidates, each of whom were nominated by AICPA members or state CPA ...
May 18, 2017
IBM Partners with Maryland CPAs for Big Data and Artificial Intelligence
IBM will provide an advanced cognitive and data skills platform to accounting professionals to more quickly acquire data science, business analytics and AI skills. By acquiring cognitive skills, accounting professionals can play a bigger role in ...
May 17, 2017
3 Reasons Why Even the Best Business Ideas Can Fail
We’ve all heard the expression “innovate or die.” But there are endless examples of companies that made cutting-edge ideas a priority, yet their can’t-miss products – and sometimes the businesses themselves – died untimely deaths anyway.
May 17, 2017
Deloitte and SAP Collaborate for Machine Learning, IoT and Blockchain
Deloitte Consulting and SAP are expected to co-innovate on the development of offerings that will help organizations benefit from the expanded SAP® Leonardo portfolio—to automate processes, gain deeper insights for decision-making, and deliver ...
May 17, 2017
Small Businesses Lose Confidence in Doing Business Abroad
Optimism and growth in doing business overseas remain strong among small businesses at 57 percent, but that represents a significant dip compared to last year’s report, when it was as high as 96 percent.
May 17, 2017
Awards Announced by Center for Audit Quality and American Accounting Association
The Access to Audit Personnel Program will connect these researchers with 400 audit staff and managers at CAQ Governing Board firms: BDO, Crowe, Deloitte, EY, Grant Thornton, KPMG, PwC, and RSM. Now in the program’s fifth year, the CAQ and the AAA ...
May 17, 2017
Insurance Companies Not Prepared to Implement New Accounting Standards
More than 60 percent of the insurance companies are not prepared to implement a new auditing standard, according to a survey conducted by top 10 accounting firm Baker Tilly Virchow Krause, LLP (Baker Tilly). The survey found that these organizations ...
May 16, 2017
Overview of SOC 2 Reports and Updated Trust Principle Criteria
A SOC 2 attestation focuses on an organization’s controls in areas such as operations and compliance. It is performed in accordance with AT Section 101: Attest Engagements, and this report is generally best suited for financial services, health care ...
May 16, 2017
The Big Lie About S-Corporations
Generally, my advice was to form an LLC and then have it taxed as an S-Corporation. But there are many things to examine here. Let’s say that someone is working full time and this is their side business. Wouldn’t it just make sense to form an LLC and ...