Past NSAC President named to top Government Post
Kenneth Spearman was NSAC President in 2002‐2003 and recent decisions from the Whitehouse have helped strengthen the mystique of being an NSAC Past President.
IRS Clarifies Procedures for Changing Accounting Method
The Internal Revenue Service is clarifying some of its procedures for changing a method of accounting.
IRS Weighs Revenue Recognition Standards' Impact on Tax Accounting
The Internal Revenue Service has issued a notice asking for comments on the effect of the new revenue recognition standards on taxpayers’ methods of tax accounting.
FASB Proposes to Simplify Accounting for Measurement-Period Adjustments
The Financial Accounting Standards Board has released a proposed accounting standards update to simplify the accounting for measurement-period adjustments in business combinations.
What to Consider Before Monitoring Employee Smartphones
The prevalence of cell phones in today’s society, especially smartphones, presents a myriad of operational and legal challenges for employers. Just ask Tom Brady.
IRS Needs to Improve Internal Controls
The Internal Revenue Service has new deficiencies in its internal controls over financial reporting, according to a new report from the Government Accountability Office.
Regulators Say Firms Need 'Reasonable' Data Safeguards
If your firm isn't taking reasonable precautions to protect client data, you could face enforcement action.
What a Robust Compliance Program Looks Like
During a keynote speech today at the Compliance Week 2015 conference, Leslie Caldwell provided some insight on what a robust compliance function looks like.
NSAC provides a variety of training sessions, publications, and research tools to enhance the professional competence of its members and improve the level of service they can offer cooperatives.
- The Cooperative Accountant is a quarterly technical journal featuring timely and useful information on cooperative tax, accounting, finance, and economic issues.
- Financial Reporting by Cooperatives explains and offers examples of financial statement entries unique to cooperatives.
- The Electronic Tax Library provides easy access to a searchable data base of IRS administrative rules and rulings and court cases concerning tax treatment of cooperatives. Available in the Members section of this website.
- Welcome to Cooperatives is a basic explanation of how cooperatives are organized and operated, including equity management and tax treatment. It is must reading for new employees without a background in cooperation.
- Membership Handbook provides an overview of the many publications, benefits, programs and structure of NSAC. This guide includes information on how to order extra items and how to find out more about all benefits available to members.