Latest News

IRS audit rate for individuals drops
Your chances of facing an IRS audit rate dropped to the lowest level in at least a decade in 2014 and are expected to fall further this year, according to new data USA TODAY obtained from the nation's tax agency.

Revenue recognition implementation concerns finance executives
As FASB and the International Accounting Standards Board (IASB) continue to discuss proposals for clarifying the new, converged standard on revenue recognition, KPMG has found that a majority of companies (64%) remain unsettled on how they would adopt the standard.

IRS answers questions on tangible property repair regs
The Internal Revenue Service has released a set of frequently asked questions and answers in an effort to clarify its tangible property repair regulations.

FASB completes re-deliberations on leases and directs staff to draft new standard
The FASB and the International Accounting Standards Board (IASB), which have held joint deliberations in this project, are expected to issue separate standards in the second half of 2015.

Forging cooperation between internal audit, external audit, audit committee
Although internal audit, external audit, and audit committees have different roles, their duties often intersect. External auditors may use the work of internal auditors to the extent this is permitted by auditing standards and regulators.

Upcoming Events

May 2015
12-13 Pacific Northwest Chapter Annual Meeting
27 North Central Annual Chapter Meeting
June 2015
4-5 Mid-West Annual Chapter Meeting
14-16 Mississippi Valley Annual Chapter Meeting

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16-17 Capitol Annual Chapter Meeting
21-23 South Atlantic Annual Chapter Meeting

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August 2015
2-5 2015 Tax Finance & Accounting Conference for Cooperatives
Denver, CO

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Cooperative Learning Network

NSAC's group-live, educational teleconferences uniquely tailored for cooperatives
NSAC Cooperative Learning Network

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Upcoming CLN Workshop(s):
COSO: From Treadway to the Cube, Fighting Fraud and Corruption in the Coop Environment
April 21st, 2015
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Pension Fiduciary Primer
May 12th, 2015
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Chapter Leadership Seminar
May 14th, 2015
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Record Retention
May 28th, 2015
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Cyber Security
June 2nd, 2015
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