Despite the focus, however, most audit plans don’t currently prioritize the risks, according to a new report from the Institute of Internal Auditors.
Category: NYT Accounting News
FASB proposes guidance on share-based considerations
The proposed update aims to enhance the guidance for share-based consideration payable to a customer in conjunction with selling goods or services.
Election 2024 and the ‘unpredictable landscape’ of accounting
AICPA chief Barry Melancon parses the tax issues of the election, as well as the broader uncertainty facing the profession.
IRS debuts new process for third parties with bad ERC claims
Third-party payers like payroll providers can now withdraw claims for individual clients.
On the move: MACPA names 2024 Women to Watch
Your Part-Time Controller appoints chief growth officer; LBMC launches family law support services practice; and more news from across the profession.
Kirsch CPA announces ESOP
Kirsch CPA Group in Hamilton, Ohio, is one of the first small firms to transition to an employee stock ownership program.
Tech news: Schellman becomes first certification body for ISO AI standard
Plus, AuditBoard announces new analytics features; Airbase launches ‘Touchless AP’ capacities; and other accounting technology news.
Welcome the whip-crackers
Private equity may bring valuable, if not entirely welcome, changes to the accounting profession.
PE is just the start of the changes coming for firms
Beyond private equity lie a host of other acquirers and accounting firm structures — and not all of them will be good for the profession.
Tax Fraud Blotter: Creative arithmetic
Bean scheme; jailhouse Glock; checkmate; and other highlights of recent tax cases.