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International Federation of Accountants CEO Fayezul Choudhury is bringing the influence of accountants to the fore to help solve problems around the world. “IFAC is dedicated to the proposition that the global accountancy profession advances economies and strengthens organizations,” he told Accounting Today. “To try and fulfill that pretty important challenge of being the voice […]
The Internal Revenue Service revoked an unidentified hospital’s tax exemption in February for failing to conduct a community health needs assessment, in a sign of possible trouble for other nonprofit health care organizations. In the letter, which the IRS posted online this month, an IRS official cited the reason for the “adverse determination” revoking the […]
KPMG chairman and CEO Lynne Doughtie, Ernst Young chairman and CEO Mark Weinberger, and PricewaterhouseCoopers U.S. chairman and senior partner Tim Ryan are weighing in on the protests in Charlottesville, Va., last weekend, denouncing the bigotry and hatred on display. “This weekend, in my home state of Virginia, a violent protest took place that has […]
The Public Company Accounting Oversight Board released a report Friday calling attention to high deficiencies among auditors of brokers and dealers. PCAOB inspectors found deficiencies at 97 percent of the auditing firms it inspected last year, compared to 96 percent in 2015. Inspectors identified deficiencies in 83 percent of the audits they inspected at those […]
Measuring your marketing efforts provides powerful results and benefits, but only if you are measuring the right things. A solid marketing strategy should support a firm’s goals, whether that be growing revenues, increasing profits, attracting or retaining top talent, expanding service lines, or gaining market share in a particular industry sector or geographic region. Marketing […]
The American Institute of CPAs has extended the comment period for its Proposed Statement on Auditing Standards (SAS) Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA from Aug. 21, 2017 until Sept. 29, 2017. The extension will give people an extra 150 days to write and submit comments. […]
More females are enrolled in college than males, but less are enrolled when it comes to specific programs like business and accounting. With the employment rate falling, recruiters face higher competition for good candidates. In traditionally male-dominated companies, like professional services firms (accounting, consulting, etc.), firms that offer strong recruitment and retention programs have an […]
Top 100 Firm Brown Smith Wallace announced this week that they completed their two-month, ‘Day of Caring’ food drive to support Operation Food Search, a St. Louis non-profit that looks to end childhood and family hunger. Firm staff was able to collect 9,658 pounds of food – equal to $16,322.02 – which produced 850 donated […]
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