El Consejo Técnico de la Contaduría Pública (CTCP), por medio del Concepto No. 251 de 2022, respondió a una consulta acerca de la vigencia del Concepto 2007-56 sobre de la firma del revisor fiscal en estados financieros de periodos intermedios. El CTCP aclaró que dicho concepto tiene vigencia parcial dada la derogación del Decreto 2649…
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The American Institute of CPAs and the National Association of State Boards of Accountancy have teamed up on a new initiative to protect professional licensing for CPAs, while also making strides on a related effort to update the CPA licensure and examination process with more advanced technology skills to meet the changing needs of businesses…
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Over a six-month period, CPA Horizons 2025 sought the insights of CPAs on current and forecasted trends that will surely impact not only the profession, but also the world. Through an online survey, 16 in-person forums and online discussion and focus groups, about 5,600 CPAs weighed in and generated more than 75,000 comments about the…
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UK report on audit quality The Brydon Report, scheduled for release later this year, aims to assess the quality and effectiveness of the audit market and comes as a result of the government’s commitment to improve governance and reduce the risk of corporate scandals. The report will focus more on audit standards than on the…
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Knowing the appropriate time to perform a valuation is not always clear. Often considered both an art and a science, they are primarily used to determine the value of specific interest in a company. When completed properly, valuations can provide meaningful insights that enhance decision making for strategic and tax purposes. Discussed below are three…
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Technology is the future of our profession, according to David Powell, Global Brand Manager at IBM Cognitive Process Services and Association of Chartered Accountants in the United States President. Automation, robotics, and blockchain are just a few of the disruptive technologies beginning to reshape the accountancy profession. Mr. Powell emphasizes the need to begin adapting…
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The American Institute of CPAs and its technology-focused subsidiary CPA.com are jointly sponsoring an accelerator for companies that have potential to have significant impact on the accounting profession. The initiative was announced at the 2017 AICPA Engage conference by Barry Melancon, president and CEO of the American Institute of CPAs. The aim of the initiative…
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Bloomberg BNA has highlighted an issue of enormous public significance, even if it might seem to be deeply technical and inconsequential to most people. The matter in question is whether country-by-country reporting (“CbCR”) data is accounting or tax information. The European Commission and the European Union (“EU”) Parliament both think it accounting data. They want,…
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Accountants who want to grow revenue by adding new services should look to the Oreo cookie for a few lessons, according to Katie Tolin, a member of the Association for Accounting Marketing’s Hall of Fame and founder of CPA Growth Guides. Tolin, who recently led a webinar for accountants on launching new services, noted that…
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No hay ningún régimen contable para el sector privado, distinto al dispuesto para cada uno de los Grupos 1, 2 y 3, establecidos en el Decreto 2420 de 2015. Las entidades deben ubicarse en cualquiera de los tres Grupos ya mencionados, dado que no se ha definido ningún régimen especial para ninguna entidad del sector…
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