The accountant shortage remains an acute challenge in the U.S. and other parts of the globe, but some countries may be experiencing a comeback.
Category: NYT Accounting News
Reflections from a conference host
I volunteered as a conference host to meet the people in the field doing the hard work of government financial management every day.
Tax Fraud Blotter: Against the grain
Kratom ka-boom; what a sport; treed; and other highlights of recent tax cases.
Broker-dealer audits continue to have high deficiency rates
The PCAOB issued its annual report on its audits of brokers and dealers and noted that it’s seeing at least one deficiency in 70% of the 103 audit engagements it reviewed in 2023.
Tax practitioners both excited and concerned about gen AI
A recent survey of tax professionals has found that practitioners hold both excitement and concerns about generative AI, though there is slightly more of the latter than the former.
Automating AR processes brings transformative benefits
Companies that lag in making payments more streamlined have the potential of risking customer dissatisfaction and falling behind competitors.
UBS questioned by senator over $350M tax evasion case
UBS Group AG was asked by a powerful U.S. lawmaker about whether the bank it acquired, Credit Suisse Group, failed to report an American accused of evading taxes on $350 million in income.
IRS offers guidance on carbon sequestration credit
The Internal Revenue Service issued a notice with initial guidance on claiming a tax credit involving carbon sequestration.
OneStream goes public
Corporate performance management solutions provider OneStream debuted today on the Nasdaq with a roughly $490 million IPO
New Jersey joins IRS Direct File free tax program
The Garden State will be the next to join the program next filing season.