Farming it out; short circuited; California dreamin’; and other highlights of recent tax cases.
Day: March 28, 2024
Dirty Dozen list from IRS opens with phishing, smishing scams
The IRS opened its annual Dirty Dozen list with scams that trick recipients into clicking a suspicious link, filling out personal and financial information, or downloading malware onto their computer.
PCAOB fines PwC US and Australia for violations
The Public Company Accounting Oversight Board sanctioned PricewaterhouseCoopers’ member firms in the U.S. and Australia over auditing quality control violations, imposing a $2.75 million and $600,000 penalty.
The biggest decisions young accountants have to make
Experts share what young accountants should look for in a firm and how to approach their careers.
NetSuite expands Text Enhance feature
The ERP software provider is expanding its generative AI-driven feature to over 200 new places.
SEC cyber rules mean new steps for CFOs
New SEC cybersecurity disclosure rules are now in effect. Here’s what CFOs should be doing to comply with the new requirements.
Organizations moving forward with generative AI despite concerns, survey shows
More than 70% of finance executives have worries related to privacy, ethics, and accuracy, but some respondents in an AICPA & CIMA survey say they’re moving ahead with implementation of generative AI tools.