July 18, 2016

AICPA Will Finance Assurance Research

The American Institute of CPAs is planning to fund academic research on audit and assurance services.

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Posted by Michael Cohn at 06:07PM | Comments (0)

July 15, 2016

Is This the ‘End of Accounting’? Maybe So

The standard GAAP accounting measures are less and less useful to investors, according to a new book with the provocative title, “The End of Accounting.”

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Posted by Michael Cohn at 05:43PM | Comments (1)

July 14, 2016

BDO Sees Worries over 'Tech Unicorns'

Investment bankers are concerned there may be big corrections on the way for “tech unicorns,” private companies valued at over $1 billion, according to a new survey by BDO USA.

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Posted by Michael Cohn at 12:35PM | Comments (0)

July 13, 2016

Big Four Protest Proposed IRS Regulations on Tax Treatment of Corporate Debt and Equity

The Big Four firms have sent a letter to Treasury Secretary Jacob Lew asking for withdrawal of proposed regulations on the tax treatment of corporate debt and equity.

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Posted by Michael Cohn at 04:36PM | Comments (0)

July 12, 2016

Internal Auditors Expand Their Mission in Financial Services

The internal audit function needs to transition to operate across the entire risk governance framework at financial services firms, according to a new report from Ernst & Young.

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Posted by Michael Cohn at 05:40PM | Comments (0)

July 11, 2016

Small Businesses Expecting Better Profits in 2016

Small businesses are anticipating a more profitable year this year, according to a new survey.

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Posted by Michael Cohn at 05:57PM | Comments (0)

July 6, 2016

IFAC Pushes to Build Accounting Profession in Developing World

The International Federation of Accountants has been trying to build the reach and influence of the accounting profession in emerging markets in Africa, Asia and other parts of the world.

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Posted by Michael Cohn at 06:04PM | Comments (1)

July 5, 2016

Deloitte Shares Golf Tips with the USGA

Deloitte has been working with the United States Golf Association to help the USGA broaden the appeal of golf and understand what is drawing players to the game.

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Posted by Michael Cohn at 06:10PM | Comments (3)

July 1, 2016

IRS Contends with Mounting Legal Challenges

The Internal Revenue Service and the U.S. Tax Court are seeing their caseloads pile up as taxpayers, interest groups, tax attorneys and Congress let loose with a volley of lawsuits and legal challenges.

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Posted by Michael Cohn at 11:05AM | Comments (0)

June 30, 2016

PwC Produces YouTube Video Series on FASB Lease Accounting Standard

PricewaterhouseCoopers has created a series of YouTube videos explaining the ins and outs of the Financial Accounting Standards Board’s new lease accounting standard.

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Posted by Michael Cohn at 01:27PM | Comments (0)