The IRS finalized a new law for depreciation under the Tax Cuts and Jobs Act (TCJA), allowing businesses to immediately expense more qualified property. The final regulations put into effect the August 2018 proposed regulations but include some modifications. The final regulations include expensing of section 179 property, an increase in bonus depreciation from 50% […]
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Surgent CPA Review introduces MyMCQ™, a machine-learning-powered progressive difficulty feature
Surgent CPA Review, an exam prep provider known for its innovative personalized learning software, recently announced an enhancement called MyMCQ™ to its machine-learning algorithm. MyMCQ automatically adjusts the difficulty level of multiple-choice questions based on each candidate’s level of proficiency in that particular topic, pushing them to more advanced competency levels and getting them exam […]
New FASB accounting standards update to debt classification in classified balance sheet
After receiving comments from various stakeholders following an initial proposal in 2017, on Sept. 13, the FASB rereleased proposed Accounting Standards Update, Debt (Topic 470): Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent). The standard applies to all for-profit and not-for-profit companies that have outstanding debt and prepare a classified […]
2020 CMA Exam Content Changes Released
Starting January 1, 2020, the CMA exam will undergo substantial changes to ensure that the certification is current, relevant, and valid for accountants seeking to work in management accounting. The Institute of Certified Management Accountants (ICMA) decided on these changes after performing a thorough job analysis. Both parts of the exam will feature changes to […]
The Certified Internal Auditor Exam Expands Globally
The Institute of Internal Auditors (IIA) is expanding the Certified Internal Auditor exam to several new languages to accommodate international candidates seeking the credential. As the only globally recognized internal audit certification, it is important that the CIA exam be accessible to a multitude of audiences across the world. The IIA estimates that there are […]
IIA Changes CIA Eligibility Requirements
Starting September 1, 2019, The Institute of Internal Auditors has changed the Certified Internal Auditor (CIA) program eligibility window from four years to three years. This change reflects the time it normally takes candidates to complete the CIA certification process, and candidates within the three-year program will be able to request a one-year extension if […]
Audit Analytics: How Data Analytics is Transforming the Internal Auditing Field
In today’s business environment, how a company works with “big data” has become analogous with how well that company does within its industry or market. Being able to effectively work with data to drive business decisions and develop business insights is the difference between a competitive company and a company behind the curve. Data analytics […]
SOC for Cybersecurity: A guide to managing risk for CPAs
One of the biggest concerns for organizations in today’s business environment is cybersecurity. Cybersecurity in its most basic form is the protection of electronic data from unauthorized or criminal access and use. As businesses capture more and more data, both internally in relation to the operations of the company and externally in relation to the […]
Prometric announces user-interface change for CPA Exam candidates
Prometric is continuing its investment in user experience. The company that provides testing centers for the Uniform CPA Examination announced a user interface pilot program refresh beginning in July 2019 with a complete refresh scheduled across all test centers by April 2020. Through upgraded operating systems, a new user interface pilot program, and a few […]
PRESS RELEASE: Surgent Expands into Healthcare Professional Education Through PharmCon Acquisition
On August 12, 2019, Surgent, a Spire Capital Partners portfolio company, announced the acquisition of Pharmaceutical Education Consultants, Inc. (“PharmCon”), as an expansion further into the continuing education and exam preparation markets. Surgent provides end-to-end professional education for accounting, finance, and tax professionals, guiding students through credentialing exams and working professionals through continuing education courses. […]
