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Current Happenings in the
Accounting Profession
The
Accountant’s CSI: A Forensic Credential for CPAs
IRS proposed regulations implementing amendments to the tax return preparer
penalties - large pdf file
2008
Western and Pacific Northwest Intergovernmental Audit
Fall Forum
FASB Accounting Standards Codification
Released
FY 2008 Implementing Guidelines
Statement on
Standards for Valuation Services
Considering doing work
in other states?
Accounting Standards for
Privately Held Companies
Current AICPA Exposure Drafts
Idaho State Tax Commission Education
Idaho State Tax Commission Motor Fuels Update
The
FY 2008 Implementing Guidelines have been issued. The Guidelines report
on Exempt Organizations FY 2007 accomplishments and describe EO’s program
plan for the upcoming year.
Exempt Organizations (EO) has a new way of doing business. In place of
separate and distinct determinations and examinations activities, we now
bring a flexible and interdisciplinary array of new tools and talent to bear
on the critical issues and opportunities that confront us in working toward
our strategic goals:
(1) to enhance the enforcement of the tax law, and (2) to improve customer
service.
Statement on Standards for
Valuation Services
The Consulting Services Executive Committee of the American
Institute of Certified Public Accountants (AICPA) announced the release of a
new professional standard on valuation services, Statement on Standards
for Valuation Services No. 1 (SSVS No. 1) “Valuation of a Business, Business
Ownership Interest, Security, or Intangible Asset.” The standard
provides guidelines to CPAs for developing estimates of value and reporting
on the results. It applies to AICPA members who perform an engagement that
estimates the value of a business, business interest, security or intangible
asset for numerous purposes, including sales transactions, financing,
taxation, financial reporting, mergers and acquisitions, management and
financial planning and litigation. SSVS No. 1 is effective for engagements
accepted on or after January 1, 2008.
View Standard.
Are you an Idaho licensee considering doing work in other states and wondering how to meet their accountancy laws? If so,
click here, to get the information you need.
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