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Are You Covered in the Event of a Data Breach?
If you were to ask an insurance agent whether or not your business needed data breach insurance, they would ask if your company collects any of the following types of information. Social Security Numbers Banking/Financial Information Credit Cards/Debit Cards/Other Payment Cards Health Information & Medical Records If you’re in the tax industry, the answer to […]
New auditing rule requiring accounting firms to file Form AP testable April 1
PCAOB No. 2015-008, a new auditing rule designed to improve transparency regarding both the engagement partner and “other accounting firms” that may have taken part in the audit of issuers, will be testable this April 1.
Video: What to do when you’re unhappy with your CPA Exam score
With the recent CPA Exam score release from the AICPA, we hope you received a passing score! If you didn't, it's ok! Jessica Sandhu has been there. Watch her video for tips on how to recover, and bounce back for next time!
Tip of the month: Dress to impress for your accounting job
After attending a number of career fairs over the past few months, I am astonished at some of the outfit choices that were made for these events. To find out how much your outfit matters on your road to becoming a CPA, read more.
How to Succeed as an Enrolled Agent
Passing the EA Exam is a significant accomplishment. Becoming an Enrolled Agent puts you in an elite group of tax preparers. You hold the most significant credential in the tax industry and have the authorization to do more on behalf of clients than those without an EA designation. Once you’ve earned the designation, the work is […]
Video: Leave your phone at home and other tips for CPA Exam
If you're testing soon, this week's Exam Cram is a must-watch! Jess shares what you need to know about the Prometric Testing Center. Did you know you should leave your phone at home? Find out why.
Gains and losses from derecognition of nonfinancial assets testable January 2018
The FASB recently issued ASU No. 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets. This content will become testable on the CPA exam in January 2018.
Going concern considerations to become testable on AUD January 2018
Sitting for AUD next January? SAS No. 132, The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern is a standard that applies to all audits of a complete set of financial statements, including financial statements prepared in accordance with a general purpose or a special purpose framework. It will become testable on the CPA exam January 1, 2018.