News

Michael DeckerThe American Institute of CPAs has issued an Invitation to Comment, requesting feedback to help shape the next version of the Uniform CPA Examination. The comment period runs through December 2. The AICPA notes its research has found skills required of newly licensed CPA are changing rapidly which makes it important to ensure the exam meets the needs of the business world.

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Andy Brown CPAAndy Brown, a 37-year CPA from Portage, Mich., has been sentenced to 37 ½ to 75 years in prison for the murder of his boss. Brown was convicted of second-degree murder for the shooting death of 70-year-old David Locey. Part of the sentence handed down last week was two years for the commission of a felony with a firearm.

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IntuitIntuit expects to have 2 million QuickBooks Online subscribers within three years. That represents an increase of almost three times the 683,000 subscribers it had when it ended its fiscal year on July 31. The amount would nearly equal the total number of paying QuickBooks customers on desktop and online versions of the accounting product for fiscal 2014.

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Brad Smith, IntuitIntuit is adapting its accounting for cloud-based operation. The Mountain View, Calif.-based software vendor is now recognizing desktop revenue over time, instead of at the time of the sale. The move has a big impact as it shifts about $400 million in revenue from the year ending July 31, 2015 into future fiscal years.

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