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Liquidity Disclosures for Not-For-Profits, AICPA Survey, 5 Tips to Help Identify Fake News and more

by MICPA | Jun 20, 2017   ()

New Liquidity Disclosures for Not-For-Profits: Are You Ready?
Currently, not-for-profits are not required to illuminate restrictions that affect the availability of liquid resources in their financial statements, but this will soon change . This AICPA Insights article explores the changes with the Financial Accounting Standards Board's new financial reporting standard. READ MORE

Staffing Concerns Are Dominant Issue for CPA Firms in 2017, AICPA Survey Finds 
Finding and retaining staff are the top issues facing CPA firms this year, and talent pool challenges are expected to have the biggest impact on public accounting practice operations over the next five years, too, new research by the American Institute of CPAs shows. “Finding qualified staff” was the No. 1 issue in every firm-size segment except sole practitioners, where it ranked No. 3. READ MORE

Big Changes In This Year's Reporting

 

5 Tips to Help Identify Fake Financial News
A new survey reveals fake financial news is affecting Americans' ability to make retirement, investment and health care decisions. Even worse, Americans feel that fake news will be more prevalent in the future. ThisAICPA Insights article offers tips from the AICPA National CPA Financial Literacy Commission to help keep Americans from falling into the fake news trap. READ MORE

Clients Want a One-Stop Shop
More and more, individuals want a single source for tax and financial planning services. Accounting Today says CPAs can be uniquely positioned to be that source. READ MORE

6 Rules to Delivering a Powerful Financial Presentation
Speaking in front of a crowd is considered the average person’s number one fear. This free CGMA Brief outlines six ways to make your next financial presentation interesting and impactful.

New Twist On an Old Scam
Beware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), in which fraudsters call to demand an immediate tax payment through a prepaid debit card. This scam is being reported across the country. READ MORE

IRS Adds New Features to Taxpayer Online Account
The IRS has added several new features to the online account tool first introduced last year. Taxpayers may now view up to 18 months of payment history, view payoff amounts and tax balance due amounts for individual tax years and more. READ MORE

70% of Employers Are Snooping Candidates’ Social Media Profiles
According to a new CareerBuilder survey, 70 percent of employers use social media to screen candidates before hiring, which is up significantly from 60 percent in 2016. Employers are searching for a few key items when researching candidates. READ MORE

Goodbye Suit and Tie?
Workplace attire today is trending casual, even for historically more buttoned-up accounting and finance professions. In a recent survey by Robert Half Finance & Accounting, 74 percent of CFOs said their accounting and finance departments have a somewhat or very casual dress code. READ MORE

Source: MICPA
Source: MICPA

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