In a Dec. 3 letter addressed to the U.S. Senate majority and minority leaders and the leaders of the House of Representatives, several hundred national trade associations, including the AICPA, and many state and regional affiliates appealed to Congress to pass legislation this year reversing the IRS’s treatment of expenses paid by funds borrowed under […]

Executive Summary Companies, investors and consumers alike are frustrated by a lake of standardized accounting for corporate ESG performance. This might be about to change thanks to a recent proposal from the IFRS Foundation, which is the body that oversees the work of the International Accounting Standards Board (IASB) in setting financial reporting requirements for most […]

Companies, investors and consumers alike are frustrated by a lake of standardized accounting for corporate ESG performance. This might be about to change thanks to a recent proposal from the IFRS Foundation, which is the body that oversees the work of the International Accounting Standards Board (IASB) in setting financial reporting requirements for most companies in […]

Auditors’ reports on public company financial statements are providing users with a better understanding of company financial information as a result of newly required reporting on critical audit matters, according to a new report by the Center for Audit Quality (CAQ). The CAQ, which is affiliated with the AICPA, found that the early trends associated […]

The U.S. House of Representatives passed a law to kick Chinese companies off U.S. stock exchanges if they do not fully comply with the country’s auditing rules, giving President Donald Trump one more tool to threaten Beijing with before leaving office. The measure passed the House by unanimous voice vote, after passing the Senate unanimously […]

Do you consider yourself “just a bookkeeper?” If so, it’s time to stop. The role of today’s bookkeeper often extends well beyond simply managing a business’s books. In fact, as one practitioner of the art put it, the bookkeeper of the 21st century is more akin to a conductor. “I use analogies a lot, and […]

Scams of the season; the size of the IRC; how to market next year; and other highlights from our favorite tax bloggers. Warm and fuzzy Tax Vox (https://www.taxpolicycenter.org/taxvox): Supreme Court verbal arguments begin in CIC Services v. IRS, a little-known case that threatens to gut the ability of the IRS to limit abusive tax shelters, […]

Workload compression is a ubiquitous drain on our energies. From my calls, it appears that staff tax season hours still increase every year. Maybe 2020 is not a good year to measure anything, but my sense is this is a growing problem and not something that is being tamed. I’ve suggested solutions in columns here […]

New Jersey, United States: Verified Market Research has added a new report to its huge database of research reports, entitled “Business Accounting Software Market Size and Forecast to 2027“. The report offers a comprehensive assessment of the market including insights, historical data, facts, and industry-validated market data. It also covers the projections using appropriate approximations […]