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The Government Accountability Offices is asking for feedback on a set of proposed changes to Government Auditing Standards, commonly known as the “Yellow Book,” the first revision since 2011. The GAO originally issued the standards in 1972. The 2017 exposure draft of proposed changes takes into account some of the developments in the auditing, accountability […]
The SEC Whistleblower Program has awarded more than $150 million to 42 whistleblowers. Under the program, the SEC issues awards to individuals who provide original information that leads to enforcement actions resulting in monetary sanctions of more than $1 million. Whistleblowers’ awards range from 10 percent to 30 percent of the resulting monetary sanctions. The […]
Bloomberg NewsSlide 1 of 10 As tax season heads to its inevitable conclusion, Adobe Digital Insights released “Tax Day 2017,” a report based on data from a mid-March survey of 1,000 U.S. consumers, as well as data from billions of Web site visits, social media posts and more from 2014 to 2017. The results offer […]
The IRS is reminding taxpayers and tax professionals that anyone with a foreign bank or financial account has a new deadline for reports for these accounts – and it’s the same as the general individual income tax due date. Starting this year, the annual report on Form 114, often referred to as an FBAR, must […]
With recruiting and retaining top talent a major concern for accounting firms – and with more and of that talent expecting more from their workplaces – human resources issues are popping up all over the profession. In this installment of the HR Helpline, consultants Tamera Loerzel and Jennifer Wilson of ConvergenceCoaching answer tough HR questions […]
With recruiting and retaining top talent a major concern for accounting firms – and with more and of that talent expecting more from their workplaces – human resources issues are popping up all over the profession. In this installment of the HR Helpline, consultants Tamera Loerzel and Jennifer Wilson of ConvergenceCoaching answer tough HR questions […]
Actor Sylvester Stallone and his production company are suing Warner Brothers over the movie studio’s accounting for the 1993 movie Demolition Man. According to Stallone’s contract, he was due 15 percent of the gross earnings of the movie once it earned over $125 million, but the suit brought by his production company, Rogue Marble Productions, […]
Toshiba Corp., the 142-year-old conglomerate, warned on Tuesday it may not be able to continue as a going concern as it grapples with billions of dollars in losses from its Westinghouse Electric nuclear business. Toshiba has been at odds with its auditors, PricewaterhouseCoopers Arata, over Westinghouse, which filed for bankruptcy in the U.S. last month. […]
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