NSAC Happenings and Latest News - Page 6
NSAC Presents 2022 Silver Bowl Award
SAN ANTONIO, TEXAS, August 2, 2022—During the 2022 Tax, Finance & Accounting Conference for Cooperatives, NSAC presented its annual Silver Bowl Award to deserving recipient, Jeff Brandenburg, CPA. The Silver Bowl Award is the most prestigious award NSAC bestows to a member of the cooperative industry profession. This recognition is awarded by the Society’s Board of Directors to individuals who have distinguished themselves over ...
Read MoreForm 1099-PATR Will Become a “Continuous Use” Form
Form 1099-PATR, Taxable Distributions Received From Cooperatives, is going to join the group of 1099-series information returns which operate as “continuous use” forms because their design and content are not expected to change from year to year. Conversion from an annual form to a continuous-use form means that changes in the form aren’t anticipated to occur annually so the IRS would revise the form only if necessary to ...
Read MoreEide Bailly Merges in Seim Johnson
Eide Bailly, a Top 20 Firm based in Fargo, North Dakota, is expanding to Nebraska by adding Seim Johnson, a firm in Omaha, effective July 25. The merger will add 20 partners and 70 staff members to Eide Bailly, which currently has more than 350 partners and nearly 3,000 staff in the U.S. Financial terms of the deal were not disclosed. Seim Johnson is a $22 million firm, while Eide Bailly earned $521 million in annual revenue. Eide Bailly ranked ...
Read MoreRansomware: How Executives Should Prepare Given the Current Threat Landscape
As the number of ransomware attacks continue to increase, the response at C-level must be swift and decisive. Top executives are increasingly dreading the phone call from their fellow employee notifying them that their company has been hit by a cyberattack. Nearly every week in 2021 and early 2022, a prominent organization has been in the media spotlight as their public relations team struggles to explain how they were attacked and how they can ...
Read MorePEEC and ASB Issue New Requirements for CPAs Regarding NOCLAR
The AICPA Professional Ethics Executive Committee (PEEC) recently developed and approved new interpretations related to noncompliance with laws and regulations (NOCLAR) within the AICPA Code of Professional Conduct. The new interpretations of the "Integrity and Objectivity Rule" (ET §1.100.001 and ET §2.100.001) are titled "Responding to Noncompliance With Laws and Regulations" (ET §1.180.010 and ET §2.180.010). The ...
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