INDUSTRY NEWS
Product and service updates from leading vendors
and suppliers to the accounting profession.

March 18, 2010
IASC Foundation Invites Public Comment on the Proposed IFRS Taxonomy 2010 and Releases a New IFRS Viewing Tool
The International Accounting Standards Committee (IASC) Foundation invites public comment on the exposure draft of the International Financial Reporting Standards (IFRSs) Taxonomy 2010. 

Nominations Sought for Membership of the IFRS for SMEs Implementation Group
The Trustees of the International Accounting Standards Committee Foundation invite nominations of suitable candidates for membership of the SME Implementation Group (SMEIG).

AICPA Releases Guidance on Impact of DOL Relief on IRC Sec. 403(b) Retirement Plan Audits
Download the document here.

March 17, 2010
AICPA and Accountemps to Provide Five Student Scholarships; April 1 Deadline for Applications
Applications may be obtained by visiting www.aicpa.org/aec or www.accountemps.com/AICPA. The deadline for receipt of all materials, including official school transcripts, an essay discussing academic and professional goals, and two letters of recommendation, is April 1, 2010, postmarked.

CCH Tax Briefing Details Jobs Bill
CCH has issued a Special Tax Briefing on the Hiring Incentives to Restore Employment (HIRE) Act which provides tax breaks to businesses that add employees to their payrolls and invest in equipment.

Guardian Survey: When It Comes To Employee Benefits Enrollment, U.S. Trending Toward a Paperless Workplace
Dramatic five-year increase in the percentage of employees that eschew paper and rely on the internet to access their benefits.

Digital Insight's New Name is Intuit Financial Services
New brand reflects unique offerings and customer insights Intuit provides to financial institutions.

March 16, 2010
Chairman of the IASB Addresses ECOFIN Meeting
Prepared Statement of Sir David Tweedie, Chairman of the International Accounting Standards Board, to the meeting of the Council of the European Union (Economic and Financial Affairs). 

Beware of IRS’ 2010 “Dirty Dozen” Tax Scams
If it sounds too good to be true, it probably is.

New IFRS for SMEs Update Newsletter
A regular staff summary of news relating to the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs).

March 15, 2010
Take Advantage of Unique Tax Planning Strategies
Consider accelerating income to maximize savings – first in a series of three releases on tax planning tips from Robert Fishbein, a vice president in Prudential Financial’s Tax Department.

Will the U.S. Adopt a Value-added Tax (VAT)?
Tax Governance Institute (TGI) survey report focuses on how U.S. companies are responding to the VAT debate.

EU Should Allow Member States to Decide on IFRS for SMEs Says Grant Thornton 
In its submission to the European Commission's consultation on IFRS for SMEs, Grant Thornton welcomes the new standard but foresees difficulties in mandating its use at EU-level in the near future.

March 12, 2010
Leading Tax Authority Leads Charge on Planning and Defending Domestic Asset-Protection Trusts
BNA Tax & Accounting webinar Planning & Defending Domestic Asset-Protection Trusts will explore tax and nontax aspects of the domestic APT and how this vehicle may meet a client’s tax research planning needs. March 23.