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The National Association State Boards of Accountancy has appointed Janice Gray, of Norman, Okla., chair of its 2018-19 board of directors. NASBA made the announcement during its 111th annual meeting in Scottsdale, Ariz., where the association also introduced its full roster of newly elected board members. Janice L. Gray During her inaugural address, Gray discussed […]
The Public Company Accounting Oversight Board has named Megan Zietsman as its new chief auditor and director of professional standards, to assume the role in early 2019. As chief auditor, Zietsman will lead the PCAOB’s efforts to set and interpret standards for the audits of domestic and foreign public companies that have securities traded in […]
Online billing software provider Chargify announced it has acquired ProRata, a SaaS-focused reporting and analytics platform that automates ASC 606 and IFRS 15 compliant recognition. The deal will bolster Chargify customers’ ability to comply with the new revenue recognition standards that go into effect in 2019. ProRata, which provides revenue recognition integration for QuickBooks and […]
The Global Reporting Initiative released a draft reporting standard Thursday on taxes and government payments by companies in an effort to provide more transparency around corporate tax practices. The proposal comes in the wake of a number of international tax-related scandals, including the release of the Panama Papers and Paradise Papers, leading to greater demand […]
The Internal Revenue Service issued a set of proposed regulations Thursday on the base erosion and anti-abuse tax, or BEAT, for multinational companies that was included in the Tax Cuts and Jobs Act. Image: Bloomberg News Last December’s tax overhaul added section 59A to the tax code, but the hastily written provisions have perplexed many […]
Even if your clients didn’t owe money last tax season, it’s more important than ever for them to start planning for the upcoming tax season now due to tax reform changes. Here are tips for end-of-year planning to help maximize their refunds from Intuit senior tax analyst Mike D’Avolio. With reduced tax rates due to […]
The Center for Audit Quality released a new resource providing a framework and questions audit committees may be asking as new technologies impact the financial reporting process. The publication, “Emerging Technologies: An Oversight Tool for Audit Committees,” is based on the work of the Committee of Sponsoring Organizations of the Treadway Commission, and has five […]
Michael Cohen, who long kept President Donald Trump’s business and personal secrets, is headed to prison, pledging he will continue to spill potentially damaging information to Special Counsel Robert Mueller and other prosecutors. After taking half steps with prosecutors to cooperate, Cohen didn’t win the leniency he sought. He was sentenced to three years in […]
Bloomberg Starting Jan. 4, consumers can apply at HR Block offices for an interest-free refund advance loan of up to $3,000. The loans, from Axos Bank, will be offered through Feb. 28 at participating offices and are repaid from the client’s federal or state income refunds. The tax prep giant says that customers should be […]
The Institute of Management Accountants is holding its annual ethics case writing competition for accounting and finance academics and practitioners. The Carl Menconi Ethics Case Writing Competition is an annual program from the IMA that’s accepting applications through Jan. 26, 2019. The goal is to develop and distribute teaching cases focused on business ethics. Winners […]
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