Integra’s A&A Alert – 01/2016

The January issue of Integra International’s Audit & Accounting Alert is now available. Topics include: China: Two Steps Forward, One Step Back China’s steady, yet cautious move to modern financial reporting and accountability Enhancing Professional Competence International board consults on future needs and offers guidance Worldwide Update Quarterly roundup of recent and upcoming actions and activities by audit and accounting organizations Integra International’s Audit & Accounting Alert is provided to association members with the intent to highlight emerging issues in the profession. The goal is to give Integra members an awareness of developments impacting the practice of Audit & Accounting, enabling them to stay on the forefront of industry trends.

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Retirement Announcement – Patricia Fuller

It is with mixed emotions that we announce the early retirement of Patricia Fuller. Cush, as she is affectionately called by her coworkers, has been with our firm for 35 years. Cush’s attention to detail, warm personality, and interest in customer satisfaction has been invaluable. Her willingness to put in extra time and effort to help us meet deadlines has demonstrated a commitment to excellence that we have come to depend upon. In addition to her incredible competence and skill, she has been a friend to all; her dedication and sense of humor will truly be missed. We wish to extend our best wishes to Cush as she takes a long and much-deserved "vacation!"  

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Integra’s A&A Alert – 12/2015

The December issue of Integra International’s Audit & Accounting Alert is now available. Topics include: The Path to Future Relevance for Accountants Wide ranging study sounds the alarm and points the way
 Creating Value With Integrated Thinking New report lays out the role of professional accountants

 New Lease Standard to be Issued Soon FASB and IASB are finalizing separate standards with similar concepts but differing approaches Integra International’s Audit & Accounting Alert is provided to association members with the intent to highlight emerging issues in the profession. The goal is to give Integra members an awareness of developments impacting the practice of Audit & Accounting, enabling them to stay on the forefront of industry trends.

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Integra’s A&A Alert – 11/2015

The November issue of Integra International’s Audit & Accounting Alert is now available. Topics include: Concept of Materiality up for Clarifications FASB proposes adoption of legal definition Key Areas for Audit Focus Center for Audit Quality delivers annual audit alert Cybersecurity in a Mobile World Security lags behind use of mobile devices Integra International’s Audit & Accounting Alert is provided to association members with the intent to highlight emerging issues in the profession. The goal is to give Integra members an awareness of developments impacting the practice of Audit & Accounting, enabling them to stay on the forefront of industry trends.

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2016 COLA Announced

On October 21, 2015, the IRS announced Cost of Living Adjustments (COLA) related to retirement plans effective January 1, 2016. Highlights include:   Qualified Plan Compensation Limit $265,000.00  Profit Sharing Plan Maximum Plan Contribution Limit $53,000.00  401(k) Maximum Elective Deferral* $18,000.00  Catch-Up Contribution Limit 401(k)* $6,000.00      for participants 50 years old or older during 2014  Wage Base For Social Security $118,500.00   For more information visit: https://www.irs.gov/Retirement-Plans/COLA-Increases-for-Dollar-Limitations-on-Benefits-and-Contributions

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Integra’s A&A Alert – 10/2015

The October issue of Integra International’s Audit & Accounting Alert is now available. Topics include: The Elusive Goal of Global Accounting Standards Standard setters realign their strategies. IASB and FASB Agree to Differ on Clarifying Guidance for Revenue Accounting Delayed effective date and principal versus agent questions find agreement Worldwide Update Quarterly roundup of recent and upcoming actions and activities by audit and accounting organizations Integra International’s Audit & Accounting Alert is provided to association members with the intent to highlight emerging issues in the profession. The goal is to give Integra members an awareness of developments impacting the practice of Audit & Accounting, enabling them to stay on the forefront of industry...

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Integra’s A&A Alert – 08/2015

The August issue of Integra International’s Audit & Accounting Alert is now available. Topics include: Mixed Signals for Audits in the Future? Different issues drive US and UK The Internet of Things An evolving force for change in audit and accounting List of Worldwide Accounting Organizations Details of significant groups that impact the accounting profession Integra International’s Audit & Accounting Alert is provided to association members with the intent to highlight emerging issues in the profession. The goal is to give Integra members an awareness of developments impacting the practice of Audit & Accounting, enabling them to stay on the forefront of industry trends.

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Integra’s A&A Alert – 07/2015

The July issue of Integra International’s Audit & Accounting Alert is now available. Topics include: Integra Meets With European Commission in Brussels! EC Officials brief Integra leaders on newly released IFRS evaluation report Pushback on Simplification? Challengers lay out concerns Mixed Results for Latest Audit Inspections British fare better than Americans Integra International’s Audit & Accounting Alert is provided to association members with the intent to highlight emerging issues in the profession. The goal is to give Integra members an awareness of developments impacting the practice of Audit & Accounting, enabling them to stay on the forefront of industry trends.

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Integra’s A&A Alert – 06/2015

The June issue of Integra International’s Audit & Accounting Alert is now available. Topics include: Simplification Efforts Continue: Standards and compliance measures make headway Attention Turns to Non Profit Financial Reporting: FASB and UK reform standards to address current stakeholder needs Worldwide Update: Quarterly roundup of recent and upcoming actions and activities by audit and accounting organizations Integra International’s Audit & Accounting Alert is provided to association members with the intent to highlight emerging issues in the profession. The goal is to give Integra members an awareness of developments impacting the practice of Audit & Accounting, enabling them to stay on the forefront of industry trends.

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Caras & Shulman Mourns Death of Partner, Jeffrey Schneider, CPA, MST

It is with great sadness we announce the passing of Jeff Schneider, our colleague, partner, and friend. Jeff was instrumental in the growth and success of Caras & Shulman, PC, and those who were fortunate to work with him will remember his unwavering commitment to the firm and his clients. Jeff began his accounting career in New York after graduating from State University of New York at Binghamton and later earned his Master of Science in Taxation from Bentley College while working at Caras & Shulman. In his nearly 30 years with the firm, Jeff built a reputation as a devoted mentor for our staff, trusted advisor for our clients, and respected member of our partner team. His dedication and humorous, kind, and cheerful nature will be deeply missed.

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