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Audit committees are disclosing more information about their auditors and audits this year, although the COVID-19 pandemic doesn’t seem to be having an impact on such disclosures, according to a new report from Big Four firm Ernst Young. The EY Center for Board Matters released an annual report on audit committee reports to shareholders. The […]
The Internal Revenue Service and the Treasury Department issued the last set of final regulations Monday to implement the 100 percent additional first-year depreciation deduction from the Tax Cuts and Jobs Act, enabling companies to write off the cost of most depreciable business assets in the year they are put in service. The 100 percent […]
Climate change will have a major effect on companies’ profits and the value of their assets, so its impact should be reflected in their accounts. That’s the conclusion of investors managing more than $100 trillion. The money managers and pension funds want companies to publish their 2020 annual reports in line with guidance from the […]
Mauldin Jenkins, a Top 100 Firm based in Atlanta, has acquired Plush Smith P.A., a firm in Sarasota, Florida, expanding MJ’s presence in the Southeast. The Sarasota office will be the firm’s ninth office in the region. Mauldin Jenkins also has an office in Bradenton, Florida, along with other locations in its home state of […]
Prager Metis launches Latin entertainment group; KPM CPAs hires six; and more CPA news.
Accounting Today is issuing a call for nominations for the 2020 edition of its annual Top 100 Most Influential People in Accounting list. The list profiles a wide range of figures who wield influence over the profession, from association leaders, to state and federal regulators, thought leaders, practitioners, academics, consultants and grassroots activists. To cast the […]
The Sustainability Accounting Standards Board is moving beyond standards for environmental issues and more into the areas of social and governance reporting, with new projects on content governance in the internet media and services industry and human capital management. SASB held an online board meeting Friday to discuss both issues, along with the more environmentally […]
Victims of the Oregon wildfires that began on Sept. 7 now have until January to file various federal individual and business returns and make tax payments. The IRS is offering this relief to any area designated by the Federal Emergency Management Agency as qualifying for individual assistance. Currently this includes Clackamas, Douglas, Jackson, Klamath, Lane, […]
As state and local tax forecasts continue to paint a very ugly budget picture, there is little reason to doubt that officials are casting about in search of new sources of revenue. An attractive target presents itself in the form of the explosively growing streaming media market, represented by such heavyweights as Netflix, Hulu and […]
Acumatica has released its latest software update, and it includes a new point-of-sale tool, advanced expense management, and a new, deep integration with Shopify. Also new for the 2020 R2 release is automatic creation of accounts payable documents from vendor bills, driven by artificial intelligence embedded in the software. R2 offers self-joining tables and automatic […]
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