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PCAOB Issues Staff Guidance on Auditing Estimates, Member Discounts, and more - August 27, 2019 News

by MICPA | Aug 29, 2019   ()

PCAOB Issues Staff Guidance on Auditing Estimates, Specialists
New Public Company Accounting Oversight Board (PCAOB) requirements for auditing accounting estimates and using the work of specialists take effect for audits of financial statements for fiscal years ending on or after Dec. 15, 2020. The Journal of Accountancy looks at guidance issued by PCAOB staff to assist in implementation.
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FASB Proposes Delay in Long-Term Insurance Standard Effective Date
The effective date of an accounting standard for long-term insurance contracts would be delayed under a proposal issued by the Financial Accounting Standards Board (FASB).
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Take Advantage of Your Limited-Time MICPA Discount on Master Tax Guide and More
From the U.S. Master Tax Guide to the GAAP Guide, MICPA members can take advantage of a Fall early bird promotion on CCH Publications from Wolters Kluwer. The association 40% discount offer expires Sept. 30. Members should visit www.cchcpelink.com/MICPA and the association discount will automatically be applied in the shopping cart.
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Survey Says?
The AICPA’s Private Company Practice Section recently published findings from its 2019 CPA Firm Top Issues Survey. What concerns are top-of-mind? One issue that has not been prominent on the top issues lists in recent surveys — managing privacy and security risks — made the top five for all firms this year. The full report identifies trends and shares other emerging challenges.
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Podcast: The Latest Developments in Professional Ethics
Those who wish to stay abreast of ethics guidance changes will want to listen to episode 6 of the Ethically Speaking podcast. The Professional Ethics Executive Committee (PEEC) discusses inducements, staff augmentation, NOCLAR, various member enrichment projects and the three-year strategy and work plan.
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How to Prepare to Be CFO
Studies point to a large number of CFO posts opening up in the next two years. This CFO.com article offers suggestions for potential candidates to compete for these jobs, including playing a lead role in large-scale capital projects and participating in strategic planning.
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5 Reasons Why the CFO Personal Brand Is Crucial
A finance leader shares why CFOs must live their personal brand values and deliver on their personal brand promises.
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Why the Traditional Resume Objective Statement Is Obsolete
Is the traditional objective statement at the top of the resume a thing of the past? It may be, says U.S. News & World Report. Instead of traditional objective statements, which focus on career aspirations, recruiters want to learn how you would meet the employer's needs.
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What’s the No. 1 job with the ‘Best Career Opportunities’ and Pays $112,000 a Year? 
When it comes to being satisfied at work, having the ability to advance your career is a key component. From its research, Glassdoor says that having access to career momentum opportunities in the workplace is one of the three strongest predictors of employee satisfaction based on millions of reviews left on Glassdoor. Which roles provide the best career opportunities?  Tax manager came out on top of the list.
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How to Improve Your Critical Observation Skills
Critical observation is becoming an increasingly important skill in the modern workplace, as finance professionals are being called on to offer more interpretive analysis. Financial Management says that noticing subtle nuances can make you more effective at work and at home. Learn how to train yourself not to miss small but important details.
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Source: MICPA
Source: MICPA

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