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The Politicization of Accounting Standard Setting
At one time I would have smacked myself for saying “Amen, Arthur Levitt!” In a Washington Post OpEd, “Weakening A Market Watchdog: An Accounting Rule Change’s Real Costs,” Levitt observes that FASB’s...
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Let’s Make a Deal That Makes Sense for Small Business
Listening to wiser-than-me OSCPA Accounting & Auditing Committee members shape a response to the AICPA Accounting and Review Services Committee’s Reliability exposure draft, I’ve noticed that we...
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IRS will require practitioners to advocate for disclosure of return positions
An editorial from E. Lynn Nichols, CPA The heat is on tax practitioners! Regulators and lawmakers responding to irresponsible tax advice from CPAs and attorneys who were believed to be reputable have...
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IFRS still a reality
By Pete Margaritis, CPA The news from the SEC last week wasn’t earth shattering, it was still a commitment by the Shapiro administration to the converging of U.S. GAAP and IFRS that was originally the...
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Pin the tail on the auditor
By James D. Gottfried, CPA, Chair, The Ohio Society of CPAs As CPAs, we are charged with defending the public interest. We are responsible for conducting ourselves according to professional standards...
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