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Announcement of 2017 Awards, AICPA Audit Documentation Toolkit, How to Stay Ahead of the IoT Curve and more

by MICPA | Oct 03, 2017   ()

MICPA Announces 2017 Awards
The MICPA has named the winners of its 2017 annual awards that recognize professionals who have made a lasting impact in their industry and in their communities. The winners will be honored on Oct. 9 at the MICPA’s annual awards dinner.  Congratulations to this year’s Distinguished Achievement Award recipient, Paul MacDonald, vice president of finance, Detroit Red Wings, and to all of this year’s honorees. READ MORE

AICPA Offers Free Audit Documentation Toolkit
The AICPA found a lack of adequate audit documentation is the most common audit issue. The AICPA offers free resources in an audit documentation toolkit to help auditors address issues related to documentation including FAQs, practice aids, a working paper template, internal inspection aid and more. TOOLKIT

How to Stay Ahead of the IoT Curve
Seemingly overnight, the internet of things (IoT) has become a technology buzzword. Find out how you can keep the big picture in mind when thinking about how to implement these technologies in their infancy in this CGMA Magazine article. READ MORE

Clayton & McKervey Summarizes President Trump’s Tax Reform Plan
Clayton & McKervey, a certified public accounting and business advisory firm located in metro Detroit, offered a summary of President Trump’s tax reform plan. A Unified Framework for Fixing Our Broken Tax Code, prepared by Suzanne Tuson, CPA, MST, a shareholder in the firm’s international tax services department, summarizes proposed reforms for individuals, families and businesses. The Journal of Accountancy offers further insight into the framework in an article and podcast. READ MORE

Bloomberg Examines Equifax Hack
Investigations into the monumental Equifax data breach are not complete, but the intruders used techniques that have been linked to nation-state hackers in the past, according to this Bloomberg article. READ MORE

e-Services Secure Mailbox Unavailable over Columbus Day Weekend
IRS will conduct maintenance on numerous electronic systems over the Columbus Day weekend that will result in a delivery delay to the Secure Mailbox. The outage period takes place Saturday, Oct. 7 at 7 p.m. through Tuesday, Oct. 10 at 6 a.m. e-Services

Preparing for PTIN Renewal
In advance of PTIN renewal season, the IRS Return Preparer Office is reaching out to PTIN holders via email and wants to be sure that the practitioner community understands this is not a scam email. The email discusses an option to use an email address separate from your business email address linked to your PTIN. The MICPA has posted the contents of the email. READ MORE

WSJ Editorial Focuses on Michigan's Improved Tax and Business Climate
A Sept. 25 article by the Wall Street Journal editorial board examines how business tax reform helped revive the Michigan’s economy.  READ MORE

Rochester Hills Nonprofit Seeks Tax Prep
Michigan Senior Olympics, a non-profit based in Rochester Hills, is looking for bids from CPA firms who are interested in preparing the organization’s 2017 income tax forms. Interested parties should contact Becky Ridkey at MSO, 248.608.0250 or email info@michiganseniorolympics.org.

Source: MICPA
Source: MICPA

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