All Stories

  • Hacker Pleads Guilty to Stealing Tax Filings from 4 CPA Firms

    July 7, 2015

    A Bulgarian hacker has admitted to participating in a $6 million fraudulent tax return scheme in which he used tax-filing information stolen from at least four major CPA firms in the U.S.

  • U.K. Accounting Watchdog Probes RSA's Irish Scandal

    July 7, 2015

    The U.K. Financial Reporting Council is investigating former employees of RSA Insurance Group Plcís Irish unit regarding accounting irregularities in 2012.

  • Lawmakers Introduce Bill to Roll Back Tax Penalties on Health Reimbursement Arrangements

    July 7, 2015

    A group of lawmakers has introduced legislation to roll back guidance from the Treasury Department that prohibits employers from using stand-alone health reimbursement arrangements to reimburse employees for health care-related expenses.

  • IFRS Foundation Reconsiders Structure and Effectiveness

    July 7, 2015

    The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board, is reassessing its structure and effectiveness.

  • Protect Your Clients from Trust Scams

    July 7, 2015

    Accountants are often selected as trustees of trusts for their clients. But before agreeing to act as trustee, the accountant should understand the time constraints and obligations of a trustee, along with other potential pitfalls, including trust scams.

  • Noble Group Sets Review Panel to Check Accounting; PwC Hired

    July 7, 2015

    Noble Group Ltd. appointed PricewaterhouseCoopers LLP to review how it values some of its assets after criticism of the Asian trading companyís accounting practices.

  • U.S. Sided with Tax-Avoiding Companies over Contracting Ban

    July 6, 2015

    The Obama administration quietly handed a victory to U.S. companies that avoid taxes by claiming a foreign address, suggesting that virtually all of them are still eligible for government contracts.

  • Tax Fraud Blotter: Litany of Excuses

    July 6, 2015

    Some of our favorite recent tax fraud cases.

  • IIA Updates Guidance Framework

    July 6, 2015

    The Institute of Internal Auditors has enhanced its International Professional Practices Framework, which has provided internal auditors worldwide professional guidance in various forms since 1947, in response to more recent risks, while also releasing a report on the current pulse of the internal audit profession.

  • KPMG Adds to Leadership Team

    July 6, 2015

    KPMG LLP announced Monday the incoming leaders of the U.S. firmís audit, tax and advisory businesses, along with the new heads of operations and its Innovation & Enterprise Solutions unit, and other key roles.

  • Court Denies ‘Non-profit’ Hospital Property Tax Exemption

    July 6, 2015

    The New Jersey Tax Court denied Morristown Medical Center a property tax exemption because it did not operate like a non-profit.

  • IRS Offers Relief to Arkansas Weather Victims

    July 6, 2015

    Arkansas taxpayers who were victims of severe storms, tornadoes, straight-line winds and flooding that began two months ago may qualify for tax relief from the IRS.

  • Vague Warnings in Audit Reports Could Lead to Trouble

    July 6, 2015

    New research indicates that many investors tend to overlook the vague misgivings that auditors might express in letters included with their audit reports, even though those warnings often turn out to be a predictor of future trouble with a companyís financial statements.

  • Art of Accounting: Advising Cheapskates

    July 6, 2015

    Accountants get unusual views of human frailty and baseness of character. Most of our interactions are stimulating and propel us to growth, but some expose othersí weaknesses and extremely poor personal judgment.

  • In the Blogs: Equal Time

    July 3, 2015

    Highlights of some of our favorite tax-related blogs from the past week.

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