Daniel Goelzer, one of the original members of the Public Company Accounting Oversight Board and a former acting chairman, told Accounting Today he is skeptical that the PCAOB will end up requiring mandatory audit firm rotation for public companies.
Frank Ross, director of Howard Universitys Center for Accounting Education, has been a longtime proponent of increasing diversity in the accounting profession, as the industry once again tries to make headway on the problem.
The Treasury Department and the Internal Revenue Service released their long-awaited set of final regulations for the Foreign Account Tax Compliance Act last week. They answer many of the lingering questions that have caused banks to put off implementation, but not all of them.
The Center for Audit Quality and the American Accounting Associations Auditing Section have teamed up on a program to give academic researchers improved access to auditors from six major firms to participate in research studies.
Financial troubles appeared to be on the rise last month for lower-income Americans earning under $50,000, according to Consumer Reports, while wealthier Americans earning $100,000 or more saw their financial situations improve significantly.
Fujitsu has introduced a new model of its ScanSnap scanner line that allows accountants to use a tablet or other mobile device to do a quick scan without powering on a PC or Mac.
International Accounting Standards Board chairman Hans Hoogervorst said his board plans to sign a memorandum of understanding with the International Integrated Reporting Council in what could be a step towards developing standards that encompass financial reporting and reporting on nonfinancial areas such as the environment, corporate governance and social responsibility.
The big national tax prep chains reacted to the Internal Revenue Services announcement that tax season would be delayed until the end of the month with a mixture of statements ranging from acceptance to resignation to the equivalent of I told you so.
Intuit has been keeping abreast of all the developments with the recently enacted tax legislation, but the tax prep software giant is warning that its software is still dependent on the Internal Revenue Service updating all of its forms, schedules and instructions on time.
Some of the largest corporations are relying on like-kind-exchanges to lower their tax bills, in some cases pushing the boundaries of what the Internal Revenue Service will allow under the law.
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May 17, 2013
Marcums Nanette Lee Miller and Janis Cowhey McDonagh sat down with managing editor Tamika Cody to discuss some of the obstacles women in the accounting profession face when trying to make their way into leadership positions.
May 8, 2013
Institute of Management Accountants president and CEO Jeffrey Thomson discusses why accounting students should consider management accounting as a career, and the IMA's partnership with John Wiley & Sons.
May 6, 2013
ConvergenceCoaching partner Jennifer Wilson talks with Accounting Today senior editor Danielle Lee about how female accountants can position themselves better for a promotion at their firms.
May 5, 2013
The AICPA's annual list of IT priorities for accounting firms.
April 30, 2013
Our monthly collection of statistics from the world of tax.
April 29, 2013
Help your clients avoid these common pitfalls.
April 23, 2013
These five bad habits can make your confidential information -- and that of your clients -- easy to steal.
April 9, 2013
A selection of tax cartoons from Philly tax firm Drucker & Scaccetti's 'Finding Humor in Taxes' exhibit.