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Audit myths; credits and whistleblowers; details of reform; and other highlights from our favorite tax bloggers. A pot to PTIN Rubin on Tax (http://rubinontax.floridatax.com): A look at the recent D.C. district court decision regarding the IRS and PTINs, that the Treasury has no ability to collect these fees and must rebate fees already collected. How […]
Four seismic shifts are going on in the accounting landscape right now, a panel of experts recently told a conference of CPA firm partners and leaders, from how firms generate their revenue and how they staff their engagements, to how they service their clients and how they will build the firms of the future. While […]
Many companies are at risk of falling behind schedule on implementing the revenue recognition standard, according to a new survey by Ernst Young, and CFOs and CIOs are not in agreement on the reason why. According to the findings, 70 percent of companies do not yet have their revenue recognition programs complete, while 45 percent […]
For much of my career, I have worked in small firms. For the past 12 years I have been a partner in WithumSmith+Brown, PC, the 26th largest firm in the U.S., but before then the largest firm I worked in was one that I founded with a partner in 1974 and left in 1988 when […]
Marcum LLP has merged in the construction accounting practice of Warren Hennagin, who is joining the firm as an assurance services partner in the firm’s Irvine, Calif., office. Hennagin will become leader of Marcum’s construction services practice in California. Marcum, based in New York City, currently has offices in several locations in California, including Irvine, […]
The Public Company Accounting Oversight Board has issued a pair of new proposals: to strengthen its requirements for an auditor’s use of the work of specialists, and for auditing accounting estimates such as fair value measurements. The first proposal aims to give investors more protections by toughening the rules for evaluating the work of a […]
Continuing professional education provider Surgent announced on Thursday that the company is launching its 2017 All-State CPA Awards, a new program that looks to highlight the top CPA from each state, as nominated by their peers. The chosen CPA will be expected to show top knowledge, innovation and reputation among their clients and peers. “The […]
Adaptive Insights, which makes cloud-based corporate performance management software, has added upgrades to its core software suite including customizable visual analytics and configurable time modeling. The announcement was made at Adaptive Live 2017, the company’s user conference held this year in San Francisco from May 30 – June 2. The upgraded software suite, dubbed Adaptive […]
Economic optimism among business executives who are also CPAs cooled down slightly in the second quarter of the year. The AICPA’s quarterly Economic Outlook Survey polls CEOs, CFOs, controllers and other CPAs in U.S. companies who hold executive and senior management accounting roles, and found a drop in optimism about the larger economy and the […]
Jitasa, which makes accounting software for nonprofits, has introduced a bundled package of technology- and service-based accounting and bookkeeping solutions. The announcement follows a recent spate of acquisitions. Within the past two years, Jitasa has acquired Dynamic Shared Services, an accounting and management services supplier for unions; AVF Consulting, which offered accounting and business management […]
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