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Report Finds Shift in Accounting Firm Hiring
Almost one-third (31%) of new graduate hires in public accounting in 2018 were nonaccounting graduates, an AICPA survey shows. While enrollments and graduates are down, the 208,000 students projected to be enrolled in undergraduate accounting programs in 2017 to 2018 marked the second-highest total ever, and the 76,542 projected total of bachelor's and master's degrees earned remained above prerecession levels.
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IRS Launches New Tax Withholding Estimator
The Internal Revenue Service has launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year.
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AICPA Issues New Forensic Accounting Standards
The AICPA recently issued new professional standards for members who perform forensic accounting services engagements.
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AICPA to Oversee New Internet Domain Extension for CPAs
AICPA recently announced it is in the process of being awarded the .cpa internet domain extension and is currently in a contract execution phase with the internet’s global governing body, the Internet Corporation for Assigned Names and Numbers.
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ARCPA Student Education Fund Scholarship Awards
Arkansas Society of CPAs Student Education Fund Awards $55,500 in Scholarships for 2019-20.