Tax Preparer Registration May Not Be the Answer

Internal Revenue Commissioner Doug Shulman announced on June 4, 2009, in congressional testimony before the House Ways and Means Oversight Committee that the IRS plans to make recommendations by the end of the year to ensure that tax preparers adhere to high ethical standards. At the hearing on the tax filing season and 2010 IRS … Continue reading

FASB Changes Effective Date for Codification

Today, the Financial Accounting Standards Board (FASB) unanimously confirmed that the FASB Accounting Standards Codification (Codification) will become the single official source of authoritative, nongovernmental U.S. generally accepted accounting principles (GAAP). The FASB also decided that the Codification will be effective for interim and annual periods ending on or after September 15, 2009. Under this … Continue reading