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Starting last month, audit firms must now disclose the names and locations of other auditors participating over a certain percentage of the audit of public companies.
July 10
PCAOB -
Boxer Floyd Mayweather Jr. is asking the Internal Revenue Service for a temporary reprieve on his tax debts until he fights Conor McGregor in an upcoming bout.
July 10 -
The Internal Revenue Service is planning to demonstrate an upcoming refresh of its IRS.gov website optimized for mobile users, along with a prototype of online accounts for tax professionals, at its IRS Nationwide Tax Forums this summer.
July 10 -
PricewaterhouseCoopers has recruited two prestigious outside board members in what appears to be a first for a Big Four firm: former Commerce Secretary and Kellogg CEO Carlos Gutierrez, and former U.S. Navy Admiral Carol Pottenger.
July 10 -
I have long advocated hiring entry-level people rather than those with two or three years’ experience.
July 10
Withum -
The White House is “absolutely committed” to getting its tax overhaul proposal through Congress by the end of the year—and that plan won’t include a 40 percent tax rate for the richest Americans, Treasury Secretary Steven Mnuchin said.
July 10 -
A federal rule aimed at limiting corporate “earnings stripping’’ for tax-avoidance purposes may pose an undue burden on taxpayers and may be changed or rescinded, according to an Internal Revenue Service notice.
July 10 -
Gathering, organizing and ensuring data consistency, particularly among disparate databases, can be challenging for organizations that are required to submit to the IRS employer reporting under the Affordable Care Act mandates.
July 7
Trusaic -
The Treasury Department has issued a notice proposing to rescind or modify eight tax regulations under President Trump’s executive order aimed at reducing burdensome regulations.
July 7 -
The Association of Chartered Certified Accountants reported a 5.5 percent increase in membership over the past year as it faces renewed competition from the AICPA.
July 7 -
The Institute of Management Accountants has updated its Statement of Ethical Professional Practice to guide the conduct expected of IMA members.
July 7 -
Citrin Cooperman promotes 40 executives; Withum welcomes nine new partners; and other recent hires, promotions and personnel news from firms across the country.
July 7 -
The unemployment rate inched up one-tenth of a point to 4.4 percent, as employers added 222,000 jobs in June, the U.S. Bureau of Labor Statistics reported Friday, although accounting and bookkeeping services lost 300 jobs on a seasonally adjusted basis.
July 7 -
The American Institute of CPAs has unveiled an exposure draft of a new framework to help CPAs and other financial professionals perform valuations of financial instruments such as derivatives, along with their underlying components.
July 6 -
The Internal Revenue Service and its Security Summit partners in state tax agencies and the tax industry have begun a new education campaign for tax professionals warning them against phishing emails.
July 6 -
Organizations are finally starting to prepare for the new lease accounting standard that will be taking effect in 2019, but as they do they’re running into some unexpected complexities.
July 6 -
Private sector employment increased by 158,000 last month, according to payroll giant ADP, in another sign of the job market moving toward what economists consider “full employment.”
July 6 -
Phone-sex workers sue for wages; American sports and betting; 10 states without budgets; and other highlights from our favorite tax bloggers.
July 6
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The American Institute of CPAs’ Financial Reporting Executive Committee has released several more working drafts of industry-specific guidance related to various implementation issues involving the revenue recognition standard and is asking for feedback on them.
July 5 -
Employment growth at small businesses declined for the fourth month in a row in June, according to payroll giant Paychex, but wages continued to rise.
July 5












