The Next Accounting Controversy

  • May 1, 2009

Standard-setters have moved on from fixing fair-value rules and have set their sights on off-balance-sheet accounting and loan-loss provisioning. Revisions to how companies account for off-balance-sheet items and loan-loss provisions will knock fair-value accounting off the front page with respect to financial reporting, according to James Kroeker, acting chief accountant at Securities and Exchange Commission.

Payroll and Cobra Provisions of the Economic Stimulus Plan

  • March 28, 2009

As published on the AICPA's Economic Crisis Resource Center: Several provisions of the economic stimulus plan may have a significant impact on your company or clients’ business, including the “Making Work Pay” tax credit and a host of COBRA requirements and provisions, ranging from a special 60-day election period and an additional plan enrollment option for COBRA recipients. Read the article for a summary of the provisions that may affect your business.

AICPA Develops Website Devoted to the Economic Crisis

  • March 28, 2009

The AICPA has developed a website to help deal with issues we are faced with during the economic crisis. The About Us section explains the intent of the website.