Professional accounting bodies

Successful Completion of SOC Audits Demonstrates Vestmark's Ongoing Commitment to Clients' Data Security

Wednesday, April 1, 2020 - 1:48pm

18 (SSAE 18) Type II examination, which test an organization's controls and processes related to data security and accounting.

Key Points: 
  • 18 (SSAE 18) Type II examination, which test an organization's controls and processes related to data security and accounting.
  • As a result of these audits, Vestmark received Service Auditors' Reports demonstrating its procedures, controls, and infrastructure met or exceeded the SOC 1 and 2 criteria for data protection, confidentiality, security, and operational efficiency.
  • SOC 1 and SOC 2 are internationally recognized auditing standards developed by the American Institute of Certified Public Accountants (AICPA).
  • Vestmark continues to maintain one of the most robust data security programs in the industry, supported by excellent operational controls."

AICPA Says Senate’s $2 Trillion Economic Stimulus Bill is Great Step for Small Businesses and Employees

Thursday, March 26, 2020 - 10:35pm

The American Institute of CPAs (AICPA) today praised the CARES Act, the Senates $2 trillion economic stimulus bill, and said it would provide substantial relief for small businesses and employees once signed into law.

Key Points: 
  • The American Institute of CPAs (AICPA) today praised the CARES Act, the Senates $2 trillion economic stimulus bill, and said it would provide substantial relief for small businesses and employees once signed into law.
  • The Senates passage of the CARES Act is an important step in keeping Main Street businesses resilient and ensuring that employees jobs are protected, said AICPA President and CEO Barry Melancon, CPA, CGMA.
  • In our meetings with members of Congress and Treasury, we called for economic recovery provisions that are fast, efficient and enable small businesses to ramp back up quickly.
  • That work will continue, informed by information we are gathering from CPA firms working on the front lines with small businesses.

AICPA and CIMA to Postpone ENGAGE 2020 Due to Coronavirus Pandemic

Thursday, March 19, 2020 - 6:30pm

ENGAGE 2020, one of the largest accounting and finance conferences in North America, will be postponed until later this year due to concerns about the coronavirus pandemic.

Key Points: 
  • ENGAGE 2020, one of the largest accounting and finance conferences in North America, will be postponed until later this year due to concerns about the coronavirus pandemic.
  • The event is sponsored by the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA).
  • The original date for ENGAGE 2020 was June 7-11 in Las Vegas.
  • ENGAGE 2020 attendees who are already registered and others interested in details about the rescheduled event can sign up for updates on aicpaengage.com .

Pulakos CPAs Celebrates 60 Years in New Mexico

Monday, March 9, 2020 - 2:00pm

1960), a locally-owned accounting firm specializing in tax, audit, and comprehensive business advisory services, is celebrating 60 years of service to businesses, individuals, and organizations in New Mexico.

Key Points: 
  • 1960), a locally-owned accounting firm specializing in tax, audit, and comprehensive business advisory services, is celebrating 60 years of service to businesses, individuals, and organizations in New Mexico.
  • Pulakos CPAs' Managing Shareholder, Brad Steward, CPA, CCIFP, commented on what the community can expect from the firm over the next 60 years:
    "Pulakos CPAs' longevity is the direct result of our professional team's ability to help our clients navigate the impacts of the ever-increasing pace of economic, market, and technology changes.
  • Our team of CPAs has always been known as talented business advisors who are also outstanding accountants.
  • Pulakos CPAs clients include individuals, businesses, and community organizations throughout the state of New Mexico.

Emotional Stress of Elder Fraud Outweighs Financial Impact: AICPA Survey

Wednesday, March 4, 2020 - 12:00pm

Do your own research, talk with friends about what theyre seeing or heard and consult with your financial team.

Key Points: 
  • Do your own research, talk with friends about what theyre seeing or heard and consult with your financial team.
  • This helps provide checks and balances, and, since elder financial abuse is often committed by a relative or trusted professional, checks and balances are important.
  • Get in the habit of saying I run everything by my CPA financial planner; I'll get back to you before making financial commitments to others.
  • The AICPAs PFP Trends Survey is administered as an online survey to CPAs who are members of the AICPA Personal Financial Planning Section, including those holding the CPA/PFS credential.

ISACA Launches New Audit Program for Security Incident Management

Tuesday, March 3, 2020 - 4:50pm

In light of this, incident management programs are more important than ever, and with ISACAs newly launched Security Incident Management Audit Program , audit professionals now have the tools to more effectively evaluate incident management programs and achieve greater assurance.

Key Points: 
  • In light of this, incident management programs are more important than ever, and with ISACAs newly launched Security Incident Management Audit Program , audit professionals now have the tools to more effectively evaluate incident management programs and achieve greater assurance.
  • The audit program covers process areas of security incident management programs and clearly outlines process sub-areaslike detection and analysis, forensics, and change management during program implementation as well as control objectives, controls and testing steps in a customizable spreadsheet.
  • Having an organized audit program to assess these programs is an important part of driving their success.
  • The Security Incident Management Audit Program is US $25 for ISACA members and US $49 for non-members.

CMAs in the Americas Earn 32% More Than Non-CMAs, According to IMA's 2020 Global Salary Survey

Monday, March 2, 2020 - 2:00pm

MONTVALE, N.J., March 2, 2020 /PRNewswire/ -- CMA (Certified Management Accountant) professionals in the Americas earn 31% more in median salary and 32% more in median total compensation than non-CMAs, according to the IMA (Institute of Management Accountants) 2020 Global Salary Survey released today.

Key Points: 
  • MONTVALE, N.J., March 2, 2020 /PRNewswire/ -- CMA (Certified Management Accountant) professionals in the Americas earn 31% more in median salary and 32% more in median total compensation than non-CMAs, according to the IMA (Institute of Management Accountants) 2020 Global Salary Survey released today.
  • The results of the survey were featured in a cover story of the March issue of IMA's Strategic Finance magazine.
  • Accounting for all respondents across the globe, CMAs earn 60% more in median base salary and 63% more in median total compensation than non-CMAs.
  • Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe, and Middle East/India.

Avoid Fraud and Identity Theft in the Digital Age with These Helpful Tips from CPA Canada

Thursday, February 27, 2020 - 2:01pm

"With more of our daily activities going online, the ability of fraudsters to take advantage of unsuspecting Canadians increases.

Key Points: 
  • "With more of our daily activities going online, the ability of fraudsters to take advantage of unsuspecting Canadians increases.
  • Protect yourself online with these tips from CPA Canada:
    Creating strong, unique passwords is the first line of defense in securing your information from fraudsters.
  • Chartered Professional Accountants of Canada (CPA Canada) represents the Canadian accounting profession, both nationally and internationally.
  • With more than 217,000 members, CPA Canada is one of the largest national accounting bodies in the world.

CPA Canada aligns with global accounting bodies to address climate change

Tuesday, February 25, 2020 - 2:01pm

TORONTO, Feb. 25, 2020 /CNW/ - Chartered Professional Accountants of Canada (CPA Canada) and other accounting bodies from around the globe have issued a call to action for the profession in response to climate change.

Key Points: 
  • TORONTO, Feb. 25, 2020 /CNW/ - Chartered Professional Accountants of Canada (CPA Canada) and other accounting bodies from around the globe have issued a call to action for the profession in response to climate change.
  • The accounting bodies are all part of the Accounting Bodies Network (ABN) run by The Prince of Wales's Accounting for Sustainability Project (A4S).
  • Chartered Professional Accountants of Canada (CPA Canada) represents the Canadian accounting profession, both nationally and internationally.
  • With more than 217,000 members, CPA Canada is one of the largest national accounting bodies in the world.

The Climate Service Selected by the Association of International Certified Professional Accountants and CPA.com for Accelerator Program Driving Innovation in Accounting

Monday, February 24, 2020 - 1:30pm

The Association of International Certified Professional Accountants is the most influential body of professional accountants, combining the strengths of the American Institute of CPAs (AICPA) and the UK-based Chartered Institute of Management Accountants (CIMA).

Key Points: 
  • The Association of International Certified Professional Accountants is the most influential body of professional accountants, combining the strengths of the American Institute of CPAs (AICPA) and the UK-based Chartered Institute of Management Accountants (CIMA).
  • The goal of its accelerator program, founded in 2017 by the Association and CPA.com, is to give the accounting profession visibility into disruptive trends from emerging technologies.
  • "There has been a fundamental change in the way that companies are approaching climate risks,"says James McMahon, CEO of The Climate Service.
  • "Climate risk is reshaping financial markets, and it's reshaping accounting and reporting requirements," says Joseph Lake, COO of The Climate Service.