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There has been a sharp drop in the percentage of fraud cases that get handed over to law enforcement, the Association of Certified Fraud Examiners reported Tuesday. In the ACFE’s semiannual Report to the Nations, the group noted that between January 2016 and October 2017, 58 percent of cases were referred to law enforcement, down […]
FreshBooks, which makes online accounting software, and Fidelity Investments’ tech incubator Fidelity Labs, have launched the “Reshape the World” challenge, a contest for solutions that help the self-employed be more productive. As more firms develop niche apps and tools for their clients to use, this is an opportunity for those solutions to gain a wider […]
KPMG South Africa, which has faced scrutiny for its audit work on failed VBS Mutual Bank and companies linked to the politically connected Gupta family, said all staff face background checks every two years to try improve public trust in the firm. “The vetting is to be done by an external, independent party,” Wiseman Nkuhlu, […]
The Educational Foundation of the Georgia Society of Certified Public Accountants has announced its scholarship recipients for the 2018-19 academic year. Worth $1,000-$5,000 each, this year’s scholarships went to 51 accounting students representing 13 universities and colleges across the state for a total of $114,200. An additional $3,000 was granted by GSCPA chapters for “institutional […]
People don’t have a problem finding information these days. It’s everywhere. They have a problem applying that information to their business and personal live and making it useful. As a CPA, that’s what clients are paying you for. But are you delivering knowledge and wisdom when you send clients a completed tax return or updated […]
The Internal Revenue Service has revised the Form 1040-ES and instructions to help taxpayers and their tax practitioners prepare for the changes ahead in the wake of the recently enacted Tax Cuts and Jobs Act. The IRS reminded taxpayers Friday that the first quarterly estimated tax payment is due on Tuesday, April 17, the same […]
Federal regulators on Friday issued a proposed that would give banks three years to retain capital against credit losses in accordance with a new accounting policy. The Fed said in a statement that the changes would give banks three years to assess their regulatory capital needs with respect to a new accounting policy issued by […]
Vague disclosures by public companies in the footnotes to their financial statements about how much they’re paying in taxes don’t appear to be deterring investors, according to a new academic study. The study, by Kerry K. Inger of Auburn University, Michele D. Meckfessel of the University of Missouri – St. Louis, Mi Zhou of Virginia […]
As tax season wraps up and many professionals look to offset the stress caused by the busiest time of the year, two Nashville staff members from Top 100 firm LBMC have found solace in an unlikely outlet: fiddle lessons. Abby Parsons, a senior in the firm’s middle-market manufacturing audit division, and Hannah Horton, an audit […]
Ernst Young and insurance giant American International Group have signed a global tax compliance and technology operating agreement that includes a combination of managed tax services with the transfer of some AIG employees to the Big Four firm. As part of the deal, members of AIG’s global tax compliance and tax technology teams are being […]
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