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Photo: AICPA The American Institute of CPAs, New York, announced the winners of the 2018 Effective Learning Strategies Awards, bestowed to college and university educators who develop unique and effective teaching tools for introductory, upper division, and graduate courses. The AICPA announced, as winners of the Bea Sanders/AICPA Teaching Innovation Award: Markus Ahrens (St. Louis […]
I started my career in the auditing division of a Big Four firm. I could tell right away which partners were the rainmakers who brought in all the money. There may have been other partners more technically proficient, but the rainmakers were great at developing relationships with people. They always seemed to know which services […]
EY holds annual ‘Connect Day’ Big Four firm EY held its annual Connect Day last week, with 23,600 staff members helping approximately 650 nonprofit organizations across the U.S., Canada, Israel, and Latin America for its day of service. Since the firm’s first Connect Day in 2010, EY staff have volunteered some 650,000 hours towards nonprofits. […]
Bloomberg PwC has partnered with Cred, a decentralized global lending platform, to create a better marketplace understanding of the cryptocurrency ecosystem. Together with Cred, which gives cryptocurrency-backed loans in non-digital currency, PwC aims to speed up progress towards better crytpocurrency standards that build public confidence and trust in the asset. According to the firm, investors […]
One key current initiative among top accounting firms is to develop a “One Firm” culture, where best practices, client service protocols, management philosophies and more are uniform across the entire firm. This can improve performance, build client engagement and, for the members of the 2018 Best Firms to Work For, significantly boost employee engagement. At […]
The Securities and Exchange Commission suspended three former accountants from BDO USA LLP for improperly backdating the work papers of AmTrust Financial Services, a publicly traded insurance company, during a 2013 audit. The SEC found that BDO fell behind schedule while conducting an audit in 2013 of AmTrust and didn’t complete the necessary audit procedures […]
The Prince of Wales’ Accounting for Sustainability project and the International Integrated Reporting Council intend to promote sustainability reporting and integrated reporting at the World Congress of Accountants that’s set to take place in Sydney, Australia in early November. The WCOA conference, taking place November 5-8, is expected to attract more than 6,000 business and […]
Have you discovered the latest and greatest tax planning strategy? Before suggesting it to clients, consider the ever-persistent loophole cycle. The steps are relatively straightforward: (1) Congress passes a law; (2) taxpayers and practitioners find ways to avoid tax while still technically complying with the law; (3) Congress or the IRS closes the loophole through […]
The Social Security Administration said Thursday that the cost of living adjustment, or COLA, for 2019 will be 2.8 percent, providing larger Social Security and Supplemental Security Income benefits for more than 67 million people tied to the rate of inflation. The 2.8 percent COLA will start with benefits payable to more than 62 million […]
Press releases that tout a company’s earnings in the headline should be looked at more skeptically, according to a new academic study. The study, by Xuan Huang of California State University Long Beach, Alex Nekrasov of the University of Illinois at Chicago, and Siew Hong Teoh of the University of California, Irvine, questioned “managers’ opportunistic […]
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