ACCOUNTING

PCAOB offers guidance on quality control standard

The Public Company Accounting Oversight Board introduced two pieces of guidance ...

In the blogs: You will survive

Saving Social Security; sued over an address; more 5471 opinions; and other high...

Macy's delays earnings after worker hid millions in exp...

An employee "intentionally" made erroneous accounting accrual entries to hide ab...

GASB proposes standard on subsequent events

The Governmental Accounting Standards Board issued an exposure draft on how to a...

FASB reviews impact of revenue recognition standard

The Financial Accounting Standards Board released a post-implementation review o...

Grant Thornton lays off about 150 workers in U.S.

The layoffs span the accounting firm's advisory, tax and audit businesses.

California pledges EV rebate if Trump kills tax credit

California Governor Gavin Newsom is promising to step in with a state electric-c...

Trump nominates hedge fund chief Bessent to lead Treasury

Scott Bessent is expected to play a key role in pushing for a renewal of Trump's...

Art of Accounting: An idea from a Chinese takeout menu

What would happen if CPAs offered clients a list of suggested services for a fix...

Generative AI will upgrade you, not replace you: KPMG

KPMG research has found gen AI has a 3-17% EBITDA impact, but this is no reason ...

IRS plans National Tax Security Awareness Week

The Internal Revenue Service and its partners in the public and private sectors ...

IRS extends R&D tax credit transition period

The Internal Revenue Service is extending the transition period for revising cla...

TCJA extensions or revisions: What lies ahead for 2025

With Republican control of Congress, Donald Trump will have a greater chance of ...

Tax Fraud Blotter: Partners in crime

Captive audience; some disagreement; game of 21; and other highlights of recent ...

On the move: KSM hired director of IT operations

Hannis T. Bourgeois celebrates 100 years with charitable initiative; KPMG and Mo...

AICPA wary of new PCAOB firm metrics standard

The American Institute of CPAs is still concerned about the Public Company Accou...

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