Monthly Archives: December 2008

Small Firms Can’t Ignore IFRS Any Longer

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IFRS is coming. GAAP is dead. Get on board or get run over. Jim Metzler, AICPA Vice President for small firm interests, says even local firms and sole practitioners need to know about International Financial Reporting Standards. For decades, changes … Continued

TurboTax Responds to Price Hike Outrage

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Will this calm the first storm of the tax season? Intuit Inc. has announced that customers using its TurboTax desktop software products can now prepare and print multiple returns at no additional cost. “We’re responding to changing market conditions and … Continued

Reciprocity Dies in California

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In the end, was it because of race? The California Board of Accountancy has reportedly voted to drop a controversial proposal to allow out-of-state accountants to practice without registering their qualifications with the state. Did the proposal die because it … Continued

Big Four Audit Firms Urged: Report Your Financials

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Does public accounting mean public disclosure? Barry Melancon, president and chief executive officer of the American Institute of Certified Public Accountants and a member of the Paulson advisory committee, thinks some public disclosure of revenues and partner pay policies “seems … Continued

CPA Firm Networks On Trial [UPDATED]

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BDO International case kicks off next week. And CPA firm associations are watching closely. The case, which starts on Monday at the Circuit Court of Florida, could be the first instance of a network facing punishment for a member firm’s … Continued