News


FASB Seeks to Delay Effective Dates for Three Standards
 

FASB Seeks to Delay Effective Dates for Three Standards

Posted: August 16, 2019
The Financial Accounting Standards Board has issued a proposed ASU that would grant private companies, not-for-profit organizations and certain small public companies additional time to implement FASB standards on current expected credit losses, leases and hedging. Comments are due by Sept. 16, 2019.



Public Accounting Firm Hiring Model Shifts
 

Public Accounting Firm Hiring Model Shifts

Posted: August 13, 2019
As CPA firms shift their hiring models to focus more on technology skills, non-accounting graduates now comprise 31 percent of all new graduate hires in public accounting. That’s an increase of 11 percentage points from 2016 to 2018.

Coalition Launched to Protect Professional Licensing
 

Coalition Launched to Protect Professional Licensing

Posted: August 13, 2019
The AICPA and the National Association of State Boards of Accountancy helped found a new coalition of advanced professions with the goal of educating policymakers and the public on the importance of professional licensing standards.



Wage Theft Bill Signed Into Law
 

Wage Theft Bill Signed Into Law

Posted: August 6, 2019
New Jersey businesses now face criminal penalties for failing to pay the wages owed to their employees thanks to legislation signed into law today by Acting Governor Shelia Oliver. However, the law would subject employers to criminal penalties for what are honest mistakes attributable to the legal complexities of New Jersey’s wage and hour law.

IRS Launches New Tax Withholding Estimator
 

IRS Launches New Tax Withholding Estimator

Posted: August 6, 2019
The IRS has launched a new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year.