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Art of Accounting: The worst job in public accounting
A chief accountability officer can improve the functioning of accounting firms.

AICPA questions goodwill impairment model in letter to FASB
The American Institute of CPAs’ Financial Reporting Committee has sent a letter to the Financial Accounting Standards Board questioning the costs and benefits of FASB’s current goodwill impairment model.

SEC replaces PCAOB board member with White House aide
The Securities and Exchange Commission has named Rebekah Goshorn Jurata, a special assistant to the president for financial policy on the White House’s National Economic Council.

IRS revises Form 1040 schedule to ask about virtual currency
The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum.

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Frost & Bare, LLP partners assist clients with financial statement preparation. 

In addition, our firm assists clients with the preparation of personal financial statements, budget and financial forecasting, bookkeeping, and financial analysis.