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Institute of Management Accountants president and CEO Jeff Thomson is predicting six megatrends in the finance and accounting profession this year. They include: An increasing amount of automation; Remote work becoming the norm for finance teams; Environmental, social and governance reporting growing in importance; Finance professionals being held accountable for enterprise risk management; Diversity, equity […]
A majority of middle-market CFOs are predicting an economic recovery and revenue increases for their companies in 2021, according to a new survey by BDO USA. The 2021 BDO Middle Market CFO Outlook Survey, found that 60 percent of the 600 CFOs polled at midsized companies anticipate economic recovery, while 56 percent expect revenue increases, […]
The Virginia Society of CPAs has announced the launch of a series of mental health programs and resources meant to aid local CPAs’ mental well-being during the ongoing pandemic and current social climate. The series will debut on Jan. 15 with a Mental Health Empowerment Kick-Off — a free, three-hour virtual event with presentations and […]
California Society of CPAs president and CEO Anthony Pugliese will be succeeding the longtime leader of the Institute of Internal Auditors, Richard Chambers, as the IIA’s new president and CEO at the end of March. The IIA announced Tuesday that Pugliese will be taking the reins of the Lake Mary, Florida-based organization when Chambers steps […]
Gary Gensler, a former head of the U.S.’s main derivatives regulator, is President-elect Joe Biden’s likely pick to lead the Securities and Exchange Commission, according to two people familiar with the matter. If nominated by Biden to be SEC chairman and confirmed by the Senate, Gensler would be the new government’s front-line regulator for Wall […]
Tax advisory firms took a projected $3 billion hit on their revenues around the world last year because of the coronavirus pandemic, according to a new report. The report, from Source Global Research, estimates that revenues contracted over 9 percent in 2020 due to the pandemic. Some parts of the world fared better than others. […]
The Internal Revenue Service sent a set of recommendations Monday to Congress for how it plans to carry out the Taxpayer First Act, a far-reaching set of reforms that Congress passed in 2019 to make taxpayer service more of a priority for the IRS and to modernize the agency’s aging technology. In its Taxpayer First […]
The Securities and Exchange Commission has been launching enforcement actions against various types of financial fraud schemes, with improper revenue recognition seen as the most common type of fraud, according to a new analysis. The report, released Tuesday by the Anti-Fraud Collaboration — a joint effort of the Center for Audit Quality, the Institute of […]
The Association of International Certified Professional Accountants has promoted longtime AICPA executive Sue Coffey to the new position of CEO of public accounting. Coffey has been a top leader at the AICPA for many years who has taken on more of a global role after the American Institute of CPAs teamed on a joint venture […]
The U.S. will suspend a plan to hit $1.3 billion of French goods with tariffs in retaliation for the European country’s tax on the revenue of global tech companies — many of them American — de-escalating the transatlantic trade dispute just two weeks before President Donald Trump leaves office. “The U.S. Trade Representative has decided […]
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