The Latest

Audit and attest news from the previous month

On the heels of the release of the embarrassing Star Trek and Gilligan’s Island spoof video, and in the midst of a major scandal, a new Internal Revenue Service video has been released: a music dance video featuring some of the same employees who performed in the now-infamous Star Trek video.

Tax-related identity theft is a continuing problem, with the National Tax Advocate reporting that the use of stolen Social Security numbers to collect fraudulent tax refunds increased more than 78 percent from 2011 to 2012, affecting nearly 450,000 individuals. Experian offered the following advice for ways to protect taxpayers.

The United Nations has issued a report from a high-level panel tasked with developing a post-2015 development agenda in which it calls for all companies to produce corporate sustainability reports.

The Internal Revenue Service has modified its “first time abate” policy, which provides a one-time consideration of penalty relief, based on the taxpayer’s compliance history, for taxpayers who have been subjected to a first-time penalty charge.

Manal Corwin will assume key positions within the firm’s international taxation group, following completion of her tenure as Deputy Assistant Secretary of Tax Policy for International Tax Affairs at the U.S. Department of the Treasury.

The Public Company Accounting Oversight Board identified deficiencies in half the audits it examined during its newly released inspection report on McGradrey LLP.

Wisconsin CPA and business advisory firm Kolb+Co. is hosting its fourth annual Action Day May 31, mobilizing employees to collectively donate 300 hours to the Urban Ecology Center in Milwaukee’s Washington Park.

Returning from a long holiday weekend has not yielded much in the news department, so I would like to take the time to give my take on the use of so-called ERP review sites versus shared, real-life experiences.

H&R Block has introduced a remote service for U.S. citizens living abroad that will help them meet their often confusing tax-filing obligations.