IFRS Readiness Survey Shows Progress

Audit

By Donald Applegarth

The spring 2010 AICPA IFRS Member Readiness Survey results were released. Don Applegarth writes that the survey indicates progress in preparing for the eventual migration toward IFRS.... read more >

401(k) Fee Disclosure Is Long Overdue

On May 18, 2010, Putnam Investments became one of the first national providers to announce what it termed a “revolutionary” new 401(k) platform ... read more >

How Will Greece's Debt Crisis Impact the U.S. Stock Market?

It appears to be the consensus that the ongoing debt crisis in Greece is having a significant impact on the U.S. stock market the past couple of weeks. Patrick Fisher provides some explanation.... read more >

Pennsylvania and Federal Extension Deadlines for Fiduciary and Partnership Returns are Unified

Tax

By Melanie LaSota

In the past year, the Pennsylvania Department of Revenue and the Internal Revenue Service have not been on the same page with respect to the time granted pursuant to an application for an extension. While individual and corporate filers have consistently been granted an automatic six (6) month extension upon application, fiduciary and partnership filers had to mark another date on their calendars.... read more >

Supply Chain 101 - The Basics: Customers and Suppliers

Every business has a supply chain, and to achieve your goals and greater profitability, you need to know all of the members of your supply chain. Those ... read more >

Extreme (or Not So Extreme?) Makeover: SAS 70 Edition

In March 2010, the AICPA’s Auditing Standards Board (ASB) released Statement on Standards for Attestation Engagements 16 (SSAE 16), Reporting on Controls at a Service Organization. SSAE 16 is a standard that addresses reports on the description, design and operating effectiveness of controls related to outsourced services performed by service organizations.... read more >

Overview of Ohio's 3C "Quick Start" Passenger Rail Plan

Overview of Ohio’s 3C “Quick Start” Passenger Rail Plan In January 2010, Governor Strickland announced that Ohio will receive $400 million ... read more >

Effective Immediately - Employers With Cafeteria Plans Can Allow Employees To Make Pre-tax Contributions for Adult Children

Tax

By Kathleen Petrucci

According to an IRS news release, as a result of changes made by the recently enacted Affordable Care Act, health coverage provided for an employee's children under 27 years of age is now generally tax-free to the employee, effective March 30, 2010.... read more >

Optimizing Surety Capacity in 2010 and Beyond

Schneider Downs and Marsh teamed up to present this hot topic on April 28, 2010 at the Regional Learning Alliance in Cranberry Woods, PA. (The two organizations ... read more >

Understanding and Controlling Manufacturing Costs

In the manufacturing industry, cost accounting is a fundamental requirement for achieving success. To be competitive and profitable, a manufacturer must understand and control the three basic elements of manufacturing costs – direct materials, direct labor and factory overhead.... read more >