Accounting

 AICPA Looks for Ways to Enhance Audit Quality

August 8, 2014 

AICPA Looks for Ways to Enhance Audit Quality

Building on CPAs’ long-standing commitment to provide high-quality services that protect the public, the American Institute of CPAs (AICPA) has issued a discussion paper for all stakeholders in the audit process of private entities. The discussion paper summarizes the Institute’s multi-faceted effort that is designed to help auditors excel in a fast changing and complex…

Isaac M. O'Bannon

 Texas Accountant Wins AICPA’s Mukelabai Award

August 8, 2014 

Texas Accountant Wins AICPA’s Mukelabai Award

Mark K. Rich, CPA, the director of investments for the Kimbell Art Foundation, has been selected by the American Institute of CPAs (AICPA) as the 2014 winner of the Maximo Mukelabai Award. Rich was honored for his work with the Fort Worth chapter of the Texas Society of CPAs (TSCPA) and his service to his…

Isaac M. O'Bannon

 Separation of Duties – For Your Devices

August 6, 2014 

Separation of Duties – For Your Devices

The other day, I noticed that there was something interesting going on in my office. I was picking up different devices to use, depending on what tasks I wanted to accomplish. This was never a conscious decision – I never thought: “I shall purchase this ipad so that I can use it in this specific…

Stacy Kildal

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August 5, 2014 

New Commercial Spaceport to be Located in South Texas

The big skies over Texas will soon be graced by thundering rocket launches. Governor Rick Perry and SpaceX made it official Monday, announcing that the rocket company will build a spaceport on the coast near Brownsville.

 Survey: Confidence in U.S. Economy Spurring Capital Investment

August 5, 2014 

Survey: Confidence in U.S. Economy Spurring Capital Investment

Nearly three in five private companies are confident about the U.S. economy, continuing their 18-month optimism streak. More than one-third of them plan major new capital investments, the highest percentage in over two years. The majority of private companies also plan to increase headcount, but minimally, via targeted hiring.

Isaac M. O'Bannon

 More States Consider Virtual Currency Regulations

August 5, 2014 

More States Consider Virtual Currency Regulations

From food trucks to online retailers, a growing number of mainstream businesses are accepting virtual currencies, such as Bitcoin, as a payment method. But as the popularity of digital cash rises, states are beginning to look at ways to regulate its use.