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Compliance.ai has debuted the new Team Edition version of its financial regulatory compliance software. The company provides software that distills regulatory content into actionable intelligence using machine learning and artificial intelligence tools. The Team Edition is the offering one step more advanced than the most basic service Compliance.ai offers, which is the Pro Edition. Pro […]
The best-performing companies tightly integrate various components of financial planning and analysis, focusing on some key metrics to drive their financial results, according to a new report. The report, released this month by the Institute of Management Accountants and Workiva, describes 12 key FPA principles or best practices for companies, based on a survey of […]
The Internal Revenue Service needs to improve the way it deals with erroneous claims for refundable tax credits such as the Earned Income Tax Credit, according to a new report. The report, from the Treasury Inspector General for Tax Administration, noted that the IRS estimates that 24 percent, or $16.8 billion, in EITC payments were […]
The Securities and Exchange Commission gave its approval Monday to the Public Company Accounting Oversight Board’s new standard for an enhanced audit report. The PCAOB voted to approve the new standard in June, expanding the scope of the audit report to include a discussion of “critical audit matters” that have been communicated to the audit […]
Firm practices for a healthier staff. Get on the road to becoming a best firm to work for
The standard image of the accountant during tax season is of an overworked wretch hunched over a keypad – but it turns out that if they’re at a Best Firm to Work For, they’re fairly likely to be in a massage chair getting the kinks worked out, or stuffing their face with free food. Virtually […]
Deloitte plans to begin offering auditing technology next week to smaller accounting firms through a new venture it recently formed. Deloitte created Auvenir as an in-house startup and tasked it with developing its own auditing technology that could be offered to small firms. Next week, Deloitte plans to announce the North American launch of the […]
Preparer Tax Identification Number renewal season has begun, the IRS announced. Anyone who charges for preparing or assisting in the preparation of federal tax returns must have a valid 2018 PTIN beforehand. All Enrolled Agents must also have a valid PTIN. All PTINs expire on Dec. 31 and must be renewed for the 2018 filing […]
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