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February 1, 2013
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  Top Story 
SOC School: Conducting Successful Engagements
Get up to speed on Service Organization Control Reports. Attend SOC School on May 15-17 (Denver, CO) or on June 19-21 (Columbia, MD). You'll gain a deeper understanding of SOC guidance, common issues, and will gain the foundational knowledge to effectively perform engagements. > Go to
  Financial Focus 
  • The most valuable actors in Hollywood
    Tom Hanks is the most valuable actor of all time with a total film gross of $6.2 billion, according to an analysis by 24/7 Wall St. Hanks is followed by Harrison Ford and Eddie Murphy in this survey, which weighs several factors in determining an actor's value. 24/7 Wall St. (1/28) LinkedInFacebookTwitterEmail this Story
  • Other News

Interactive Tax Checklists - expanded and enhanced for 2012 returns. ITC offers the content members have trusted for decades combined with today's technology. The result? A more efficient tax prep process for your firm. Most forms have been updated to reflect the new tax law. Learn more.
  A&A Report 
  • Report highlights value of XBRL; calls on Congress, SEC to act
    A report released by the Columbia Business School's Center for Excellence in Accounting and Security Analysis illustrates the value a structured data format for financial statements can have for investors, regulators and the capital markets in general. The report also notes that the potential of the Securities and Exchange Commission's eXtensible Business Reporting Language requirement has been largely unrealized to date and offers advice on what the SEC and Congress can do to nudge the XBRL process along. Data Transparency Coalition blog (1/25) LinkedInFacebookTwitterEmail this Story
  Tax Season Watch 
74 days left to file tax returns

  • IRS proposes rules governing individual health care mandate
    The Internal Revenue Service has proposed detailed rules governing the "individual mandate" -- the requirement that all Americans maintain minimum essential health care coverage or pay a penalty. The requirement was upheld by the Supreme Court last summer, and now the IRS has provided details on what coverage qualifies, who is exempt, and how the "shared responsibility payment" is calculated. (1/31) LinkedInFacebookTwitterEmail this Story
 Increase Your 2013 Tax Season Productivity
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  Policy & Regulatory 
  • Infrastructure law gives plan sponsors an unexpected gift
    A measure to improve the nation's infrastructure that was signed into law last year has a little-noticed provision that allows sponsors of defined-benefit plans to lower their minimum required contributions. The law lets plan sponsors use average interest rates over the previous 25 years to calculate minimum contributions instead of using average rates over the past two years. (1/30) LinkedInFacebookTwitterEmail this Story
  • SEC appoints temporary leadership in enforcement unit
    George Canellos, currently deputy of the Securities and Exchange Commission's enforcement division, has been named acting head of the unit effective Feb. 8. The agency named David Bergers, head of its Boston office, as acting deputy director of enforcement. Reuters (1/31) LinkedInFacebookTwitterEmail this Story
  • Super Bowl XLVII by the numbers
    The Super Bowl is supposed to be about football, but it is also very much about money. From ticket prices to TV commercial rates to the cost of chicken wings, money spent on this year's spectacular will add up to a very tidy sum indeed. 24/7 Wall St. (1/25) LinkedInFacebookTwitterEmail this Story
  • Which team do you think will win the SuperBowl?
    San Francisco 49ers  58.82%
    Baltimore Ravens  41.18%
  AICPA News 
  • Discover how the "fiscal cliff" legislation impacts your high-net-worth clients
    The "fiscal cliff" deal has far-reaching implications. Find out how they impact your high-net-worth clients during the webcast, Post-Election Update 2013: Advanced Tax Strategies for High-Net Worth, to be held 12:30 to 1:45 p.m. ET on Feb. 4. This webcast will address financial planning strategies for high-net-worth clients, paying specific attention to any potential changes in tax law due to the fiscal cliff legislation. Register today. Tax, PFP and PCPS Section Members save $15. LinkedInFacebookTwitterEmail this Story
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The American Institute of Certified Public Accountants is the world’s largest association representing the accounting profession, with nearly 386,000 members in 128 countries and a 125 year heritage of serving the public interest. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination and offers specialty credentials for CPAs who concentrate on personal financial planning; fraud and forensics; business valuation; and information technology. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation to elevate management accounting globally.

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