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The accounting profession is one of many struggling to adapt its workforce to reflect the changing demographics in the U.S., and the Institute of Management Accountants is working on an initiative to expand diversity and inclusion in corporate accounting and finance. The IMA has been reaching out to organizations such as the National Association of […]
The Internal Revenue Service proposed regulations Friday for the new 1.4 percent excise tax on the net investment income of certain private colleges and universities who are now facing taxes on their endowments under the Tax Cuts and Jobs Act. The proposed regulations involve an aspect of the 2017 tax overhaul that provoked particular consternation […]
The Governmental Accounting Standards Board proposed new accounting and financial reporting guidance Friday on deferred compensation plans under Section 457 of the tax code. The proposal aims to enhance the relevance, consistency, and comparability of accounting and financial reporting by pension plans, including Section 457 plans, and by state and local governments that offer benefits […]
Horne Cyber has debuted a proprietary security product for its cybersecurity clients. Threat Runner emulates an authentic malware infection on an organization’s network, exposing vulnerabilities in need of remediation without encrypting files and sensitive data. The product release comes at a time when firms are paying extra attention to cybersecurity, in the wake of several […]
The International Ethics Standards Board for Accountants has introduced eCode, a web-based version of the International Code of Ethics for Professional Accountants. The digital tool includes both the ethics code and International Independence Standards with mobile app-like features and functions. The eCode provides search and navigation options, along with links to resources with contextual information […]
A student team representing the University of Las Vegas’ Lee Business School department of accounting has won the Institute of Management Accountants’ annual National Student Case Competition, held this year in San Diego, for the third year in a row. The Student Case Competition challenges students to analyze a relevant case study and develop a […]
We are now accepting submissions for Accounting Today‘s 2019 MP Elite report. To submit, please fill out all the questions at this link. All responses are due by Friday, July 12. The MP Elite report, which will be published in the August issue, identifies and profiles approximately a dozen of the best leaders of public […]
The Supreme Court, in a case that has applicability to all administrative agencies, including the IRS, vacated and remanded a case brought by a Vietnam war veteran against the Department of Veterans Affairs. In the decision, the court validated a line of cases holding that courts should defer to an administrative agency’s interpretation of its […]
CPA Trendlines and Capstone Marketing are conducting a study of mergers and acquisitions in the accounting profession and are looking for firms to participate. “We are examining the thought process behind mergers and acquisitions, along with how MA candidates are evaluated, the deal breakers, and the execution of the MA process,” said Rick Telberg, CEO […]
Courtesy of BKD LLP The BKD Red Team stands ready to embarrass their clients — but all in the name of security. BKD Cyber, the cybersecurity arm of Springfield, Missouri-based Top 100 Firm BKD, has assembled what it’s calling its Red Team — a digital attack simulation service that emulates the actions a hacker might […]
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