September 2, 2016

Executives Make Stealth Financial Restatements to Preserve Stock Price

Top executives whose pay is linked to the stock prices of the companies they oversee are more likely to make stealth disclosures when their companies are forced to restate their financials, according to a new study.

Continue reading "Executives Make Stealth Financial Restatements to Preserve Stock Price"

Posted by Michael Cohn at 03:35PM | Comments (1)

September 1, 2016

NASBA Revamps National CPE Sponsor Registry Site

The National Association of State Boards of Accountancy’s National Registry of CPE Sponsors has opened a newly redesigned website where organizations, continuing professional education providers, state accountancy boards and CPAs can find information about providing and taking CPE courses across the country.

Continue reading "NASBA Revamps National CPE Sponsor Registry Site"

Posted by Michael Cohn at 05:55PM | Comments (0)

August 31, 2016

SOX Code of Ethics Rule Lowered Restatements

The Sarbanes-Oxley provision requiring senior financial officers to adopt a code of ethics tended to reduce the number of earnings restatements by their companies, according to a new study.

Continue reading "SOX Code of Ethics Rule Lowered Restatements"

Posted by Michael Cohn at 06:08PM | Comments (0)

August 26, 2016

Panama Papers Leak Spurs Worries among Execs

Executives are worried about whether their companies are doing enough to protect themselves against financial crimes such as money laundering and fraud in the wake of the release of the Panama Papers.

Continue reading "Panama Papers Leak Spurs Worries among Execs"

Posted by Michael Cohn at 05:06PM | Comments (0)

August 25, 2016

Adjusting to FASB's New Not-for-Profit Standard

Nonprofit organizations and their accountants may want to adopt Financial Accounting Standards Board’s new standard for not-for-profits early before they have to begin adjusting to some of the other new standards coming out from FASB.

Continue reading "Adjusting to FASB's New Not-for-Profit Standard"

Posted by Michael Cohn at 06:04PM | Comments (0)

August 24, 2016

PwC Offers Quick Take on Lease Accounting Standard

PricewaterhouseCoopers has released a quick overview of the Financial Accounting Standards Board’s lease accounting standard.

Continue reading "PwC Offers Quick Take on Lease Accounting Standard"

Posted by Michael Cohn at 05:13PM | Comments (1)

August 23, 2016

Institute of Certified Bookkeepers Teams with Landy Insurance

ICBUSA, part of the Institute of Certified Bookkeepers, has partnered with the Landy Insurance Agency to offer professional liability insurance, privacy and cybercrime coverage to ICBUSA members.

Continue reading "Institute of Certified Bookkeepers Teams with Landy Insurance"

Posted by Michael Cohn at 04:31PM | Comments (0)

August 22, 2016

Former EY Accountant Gwen Jorgensen Wins Gold Medal in Triathlon

Gwen Jorgensen, a former tax accountant at Ernst & Young, won the gold medal on Saturday at the Triathlon in the Rio Olympic games.

Continue reading "Former EY Accountant Gwen Jorgensen Wins Gold Medal in Triathlon"

Posted by Michael Cohn at 07:46AM | Comments (1)

August 19, 2016

IRS Releases Guidance Priorities for Year Ahead

The Internal Revenue Service’s Chief Counsel has released its annual Priority Guidance Plan for 2016 to 2017.

Continue reading "IRS Releases Guidance Priorities for Year Ahead"

Posted by Michael Cohn at 05:06PM | Comments (0)

August 17, 2016

Net Operating Loss Rules Challenge Companies

The rules for claiming net operating losses to offset income tax liabilities can vary from state to state and are proving to be a big challenge for many companies, especially as both the economy and corporate profitability improve.

Continue reading "Net Operating Loss Rules Challenge Companies"

Posted by Michael Cohn at 05:54PM | Comments (0)