A new approach to practice monitoring for the future aims to deter and prevent quality issues in accounting, auditing, and attestation engagements with the help of a new technological tool being created for peer reviewers and firms, reports the Journal of Accountancy. The AICPA has released a concept paper describing a vision for the future of practice monitoring and is seeking feedback on that vision.

The Accounting Foundation's goal for their strategic plan is to establish clearly articulated, easily understood statements of their vision and mission, accompanied by a list of their top priorities for the FAF, FASB and GASB. The planning document is intended to guide them to better serve all of our stakeholders in the months and years ahead.

The Senate Interim Committee has made recommendations for sweeping changes to tax administration as well as specific changes to some parts of the sales tax code.

The 2015 tax filing season “will be one of the most complicated filing seasons we’ve ever had,” IRS Commissioner John Koskinen said in a keynote address at the AICPA National Tax Conference in Washington, reported by the Journal of Accountancy.

CGMA Magazine has compiled a list of the 50 most innovative companies and explores the habits that distinguish breakthrough innovators.

A federal judge has dismissed a lawsuit against the IRS by the AICPA over its new program offering voluntary education and testing of non-CPA tax preparers, reports Accounting Today.

The AICPA has compiled resources regarding the IRS tangible property regulations that went into effect in 2014, in order to assist CPAs in understanding the implementation and reporting requirements involved.