Audit & Accounting

Global CEOs and U.S. small business owners would like political leaders and candidates for office to focus more on tax reform, regulation, the size of government and entitlements, and the national debt in order to stimulate economic growth and job creation, according to a new report.

The firm of the future needs to be ready to adapt to constant change, according to Teresa Mackintosh, executive vice president and general manager of tax at CCH, in her keynote, “The Future-Ready Firm,” at the Midwest Accounting & Finance Showcase.

The Securities and Exchange Commission’s recently issued rule requiring companies to disclose their use of minerals from the war-torn Democratic Republic of the Congo could be an early indication of a future direction of regulators, prodding companies into providing more disclosures of environmental, social, humanitarian and labor issues.

In her keynote at this year’s Midwest Accounting & Finance Showcase, Illinois CPA Society president and CEO Elaine Weiss highlighted several of the most important issues facing the profession.

Cindy Fornelli, executive director of the Center for Audit Quality, discusses the importance of auditors retaining their professional skepticism.

Finding the best managing partners starts with asking what the best MP should be

The American Institute of CPAs has extended the deadline for comments on the significant changes it is proposing to professional standards.

Cindy Fornelli, executive director of the Center for Audit Quality, sees the demands increasing for auditors to do a better job of demonstrating independence, objectivity and professional skepticism, especially in the wake of recent financial scandals.

The Securities and Exchange Commission has adopted a rule mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act requiring companies to publicly disclose their use of conflict minerals that originated in the Democratic Republic of the Congo or an adjoining country, and independently audit the reports.

Daniel Rezin will join the fee-only wealth management firm’s executive management team