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Accounting Newswire

  • Ways and Means Chairman Dave Camp Won’t Seek Reelection

    March 31, 2014

    House Ways and Means Committee chairman Dave Camp, R-Mich., has announced he will not seek reelection after his term ends this year.

  • AICPA Backs Education Tax Credits Simplification

    March 31, 2014

    The American Institute of CPAs has written to lawmakers on the tax-writing House Ways and Means Committee supporting their efforts to simplify the array of education tax credits available to students while suggesting several reforms of its own.

  • PCAOB Strikes Deal with Swedish Audit Regulator

    March 31, 2014

    The Public Company Accounting Oversight Board has entered into a cooperative agreement with the Supervisory Board of Public Accountants of Sweden on the oversight of audit firms in both regulators’ jurisdictions.

  • Thomson Reuters Examines Tax Implications of Obama Budget Plan

    March 31, 2014

    Thomson Reuters has released a special report focusing on President Obama’s 2015 budget proposal, which includes tax proposals such as the expansion and permanent extension of the Earned Income Tax Credit and the Research Tax Credit, a number of new international tax proposals, and a renewed push for pairing infrastructure investments with business tax reform.

  • IIRC Signs Pact with Global Initiative for Sustainability Ratings

    March 31, 2014

    The International Integrated Reporting Council has signed a memorandum of understanding with the Global Initiative for Sustainability Ratings in which the two groups pledge to work together to promote and support the global alignment of corporate reporting and ratings frameworks.

  • Audit Quality Improves in Canada, but Restatement Risk Remains High

    March 31, 2014

    The results of inspections conducted by Canada's audit regulator showed signs of improvement last year, but the risk of restatements remained too high at some firms, the Canadian Public Accountability Board said in a report released Monday.

  • Firm News: March 28, 2014

    March 31, 2014

    Film festivals, health care symposium and more…

  • People News: March 28, 2014

    March 31, 2014

    New hires, promotions and more…

  • MF Global Sues PwC over Its Accounting

    March 28, 2014

    MF Global Holdings Ltd., which filed for bankruptcy after a failed $6.3 billion bet on bonds of some of Europe’s most indebted nations, sued PricewaterhouseCoopers LLP for $1 billion, alleging accounting malpractice helped bring down the brokerage company.

  • Taxpayers Overconfident about Their Tax Prep Skills

    March 28, 2014

    Nearly half of Americans prepare their own taxes, according to a new survey, and most of them seem to be convinced they are taking advantage of all the tax breaks available.

  • IRS Warns of Email Scam Impersonating Taxpayer Advocate Service

    March 28, 2014

    The Internal Revenue Service is warning consumers to beware of a new email phishing scam in which fraudulent emails purport to come from the IRS Taxpayer Advocate Service, complete with a bogus case number.

  • Tax Fraud Blotter: Not So Wily a Coyote

    March 28, 2014

    Some of our favorite recent tax fraud cases.

  • PCAOB’s Harris Wants Big Four’s Financials

    March 28, 2014

    Public Company Accounting Oversight Board member Steven Harris said the major auditing firms should begin providing their own financial statements to the PCAOB.

  • Tax Preparers Losing Business to Self-Prepared Returns

    March 28, 2014

    Tax returns filed this season by tax professionals are down 1.3 percent so far compared to last year, while self-prepared returns are up 5.9 percent, according to the latest IRS statistics.

  • IRS Allows Improper Retirement Plan Deductions Worth Millions

    March 28, 2014

    The Internal Revenue Service is permitting millions of dollars in potentially improper self-employed retirement plan deductions to be claimed, according to a new government report, which estimates that up to $71.4 million over five years could be saved with better controls.

  • PCAOB’s Franzel Sees ‘Perfect Storm’ of Internal Control Problems in Audits

    March 27, 2014

    Public Company Accounting Oversight Board member Jeanette Franzel described a “perfect storm” of issues that auditors are facing with the internal controls of organizations today during a speech at an auditing conference.

  • IIA Launches American Center for Government Auditing

    March 27, 2014

    The Institute of Internal Auditors has created an American Center for Government Auditing and compiled an inaugural list of the Most Influential Professionals in Government Auditing in recognition of professionals who have positively impacted the practice of auditing in the public sector.

  • Online Tax School Offers Scholarships to Future Tax Preparers

    March 27, 2014

    With the April 15 tax day quickly approaching, a leading online tax preparer school is offering its own kind of relief in the form of student scholarships.

  • IRS Provides Guidance on Health Insurance Premium Tax Credits for Victims of Domestic Violence

    March 27, 2014

    The Internal Revenue Service is providing guidance for 2014 that will allow taxpayers who are the victims of domestic violence to satisfy a joint filing requirement with a married-filing-separate return in order to obtain the Affordable Care Act's premium tax credit.

  • Judge Gives Anchin a Retrial in Patricia Cornwell Lawsuit

    March 27, 2014

    A federal judge has dismissed several of the claims by best-selling crime novelist Patricia Cornwell and set aside a jury verdict last year that awarded her $50.9 million in a lawsuit against her former accounting firm, Anchin Block & Anchin LLP, while granting the firm a new trial.

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Deloitte’s Efforts at Greater Diversity and Inclusion

April 23, 2014

Deloitte vice chairman and chief inclusion officer Deb DeHaas discusses the firm's efforts at recruiting a more diverse workforce.

Trends in the Accounting Profession

April 18, 2014

Jim Metzler, former AICPA vice president of small firm interests, and founder of Metzler Advisory Group, talks about how the CPA profession is changing.

Lessons in M&A: Client and Staff Retention

April 14, 2014

Transition Advisors president Joel Sinkin talks about what firms should do after a merger to retain their clients and staff members.



More Taxpayer Misconceptions

April 21, 2014

Apparently, there’s no end to the ridiculous things taxpayers believe.

Dumbest Employee Excuses for Being Late

March 31, 2014

Running a little late could have big repercussions, especially at a firm in the midst of busy season. From escaped zebras to must-see TV, employers told CareerBuilder some of the most memorable excuses they've heard from tardy employees.

Common Taxpayer Misconceptions

March 19, 2014

The NAEA’s collection of ridiculous things tax clients believe.

The 10 Fastest-Growing Firms in the U.S.

March 10, 2014

The firms with the highest 2013 revenue growth in our Top 100 Firms/Regional Leaders list.

Top 10 Tech Trends for 2014

March 3, 2014

As companies gain more affordable access to new technology and platforms, they also seek to make smarter investments.