FAS 159: The Fair Value Option

Audit

By Jay Sukernek

Statement of Financial Accounting Standards (FAS) No. 159 – The Fair Value Option for Financial Assets and Liabilities FAS 159 is effective for fiscal ... read more >

Technology Planning for 2009

The beginning of a new year brings with it moments of self-reflection, both from a personal as well as from a professional perspective. We will all see ... read more >

International Tax Update

On December 15, 2008, the Fifth Protocol to the US- Canadian tax treaty entered into force. Provisions of the protocol with Canada, which amends the existing ... read more >

Congress Passes Pension Funding and Minimum Distribution Relief

ERISA

By Scott Rain

As a result of a new relief measure that is awaiting the President’s signature, companies whose pension funds suffered losses this year may not have ... read more >

Best Wishes for the Holiday Season

As yet another holiday season approaches, I’d like to take this opportunity to issue the warmest of wishes to all of our extended Schneider Downs ... read more >

Kicking yourself for taking early social security?

Tax

By Laura Fernan

HOW TO UNDO REDUCED BENEFITS AND TAKE ADVANTAGE OF AN INTEREST-FREE GOVERNMENT LOAN If you are regretting taking early Social Security, there is an easy ... read more >

Postcard from the AICPA Conference

Audit

By Donald Applegarth

At the AICPA National Conference on Current SEC & PCAOB Developments (the Conference) held in Washington, D.C. December 8 – 10, 2008, Chairman ... read more >

Compliance Requirements and Yellow Book Findings to be Affected by New Auditing Standard

Government

By Roy Lydic

The AICPA Auditing Standards Board issued SAS No. 115, Communicating Internal Control Related Matters Identified in an Audit, which will supersede SAS ... read more >

Exempt Entities May be Required to Collect PA Sales Tax

In a recent letter ruling, the Pennsylvania Department of Revenue determined that a parent-teacher organization’s sale of items for fundraising purposes ... read more >

Lurking Guidance in Legislation to Protect Identity

You are most likely in the majority that is unaware of the lurking “Red Flag” rules embedded within the Fair and Accurate Credit Transactions ... read more >