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News
- Dodd's financial regulation reform package houses consumer agency in Federal Reserve
- Senate Banking Committee Chairman Christopher Dodd, D-Conn., released his own financial regulation reform package that places the Consumer Financial Protection Agency within the Federal Reserve.
- CPA exam contract renewed through 2024
- The contract for the Uniform CPA Examination nationwide administration has been extended from 2014 to 2024. “The CPA exam is the gateway to the accounting profession and, under this arrangement, we have seen the exam improve and grow,” AICPA...
- Attorney General Cordray champions financial fraud protection in Ohio
- Ohio Attorney General Richard Cordray is calling on local, state and federal forces to battle predatory financial practices and fraud as he aims to give Ohioans more resources to protect themselves. Cordray and the Better Business Bureau have...
- Senate fails to reach compromise on proposed consumer protection agency
- Members of the Senate Committee on Banking, Housing and Urban Affairs were unable to reach a compromise on the highly controversial Consumer Financial Protection Agency (CFPA) during recent deliberations. OSCPA worked with AICPA in past months...
- June 1 is new deadline for IRS Uncertain Tax Positions proposal
- The IRS has extended the comment period for the controversial uncertain tax positions reporting proposal to June 1 to allow taxpayers and practitioners time to provide more comprehensive feedback on the proposal, the implementation schedule and...
- IRS will require practitioners to advocate for disclosure of return positions
- (An editorial from E. Lynn Nichols, CPA) The heat is on tax practitioners! Regulators and lawmakers responding to irresponsible tax advice from CPAs and attorneys who were believed to be reputable have produced a steady stream of new rules and...
- New rules for annual title agency escrow account reviews now in effect
- Revised rules outlining procedures for the newly required annual “reviews” – which are actually agreed upon procedures reports – of title agency escrow accounts became effective July 24. The Ohio Department of Insurance requires that, except for...
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