Audit & Accounting

The two tax plans right now; bad bets; the future of audit; and other highlights from our favorite tax bloggers.

They may be dusty, but tax pros aren’t quite ready to discard some antique tools.

Increases in audit fees paid by public companies aren’t necessarily producing better audit quality, according to a new report.

The Public Company Accounting Oversight Board is finding many of the same problems at auditing firms during its most recent inspections that it has admonished firms for in the past, according to a new report.

The Governmental Accounting Standards Board proposed guidance Thursday to clarify how to account for a state or local government’s majority equity interest in organizations that stay legally separate after the acquisition, such as a public hospital buying a rehabilitation center that remains legally separate.

The Internal Revenue Service’s Large Business and International division is launching 11 more compliance campaigns looking at various ways to ensure companies are meeting their tax obligations.

The Financial Accounting Standards Board’s new standard on accounting for credit losses will require some major changes for banks, particularly smaller ones, as well as many companies that provide loans.

The 10th annual request from the Center for Audit Quality seeks submissions by March 15, 2018.

With the solution, CPAs can help companies improve their bottom line by evaluating the effects of benefit plans.

The Institute of Management Accountants is allying with the staffing company Robert Half to support the careers and professional development of accounting and finance professionals.