PICPA Boards and Blogs

By Dmitri D. Shiry, CPA The recently announced International Financial Reporting Standards (IFRS) roadmap by the Securities and Exchange Commission (SEC) may not be as straightforward as the Pennsylvania Turnpike, but it does an admirable job of clarifying the main avenue and potential side roads that corporate America may take in converting to ...

By John D. Rossi III, CPA, CMA, CFM AICPA’s Private Companies Financial Task Force, in a report dated Feb. 28, 2005, called for accounting standards that focus on the information needs of private company constituents. This implies support for separate GAAP standards for private companies. In that vein, the Private Company Financial Reporting ...

Fall 2008 By Edward R. Jenkins Jr., CPA In June 2008, the IRS published proposed regulation changes regarding Internal Revenue Code (IRC) Section 6694. The proposed changes are expected to enhance the IRS’s ability to hold unscrupulous and unethical tax return preparers accountable for their actions. Under the revisions, however, intent is ...

By Dmitri D. Shiry, CPA Call it the next British Invasion. The clamor over the International Financial Reporting Standards (IFRS) published by the London-based International Accounting Standards Board could create a sea change in the way U.S. companies conduct financial reporting and other business operations. This new wave in accounting will ...