The Public Company Accounting Oversight Board adopted a set of amendments Tuesday to its auditing standards to strengthen the rules that apply to audits involving multiple audit firms with new requirements for a lead auditor’s use of other auditors. The amendments, which came after three solicitations from the PCAOB for
There are many financial professionals who call themselves financial planners. Everyone from insurance salespeople, investment brokers and managers or CPAs who dabble with planning call themselves financial planners. For better or worse, all of the aforementioned professionals have helped to shape our clients’ minds and expectations of financial professionals. And
Recently, our own Chris Gaetano wrote a very well-done piece (The Frontier: For efficiency to live, email must die) interviewing a number of thought leaders, all in the Accounting Today Top 100, on email. The consensus was that email was a pain and was greatly disliked, distracting, despised, frustrating, and
The Internal Revenue Service, facing criticism over long hold times and disconnects when taxpayers try to reach its offices, is adding more options for callers to reach automated voice bots that can respond to their requests sooner. IRS officials said Friday they have now added assistance for eligible taxpayers to
EisnerAmper, a Top 20 Firm based in New York, is adding Raich Ende Malter & Co. a Top 80 Firm, also based in the city, with the deal expected to close this summer. REM dates back to 1972 and has 200 professionals and 45 partners and principals, with offices in
Rep. Don Beyer, D-Virginia, introduced a bill to impose a 1,000% excise tax on manufacturers, importers or producers of assault weapons and high-capacity magazines in the wake of a string of mass shootings across the country. The Assault Weapons Excise Act, introduced Tuesday in the House, faces steep odds of
Rebekah J. Brown, a 10-year veteran of the Maryland Association of CPAs who most recently served as the association’s director of development, has been named the organization’s next president and CEO by the MACPA’ board of directors. She will succeed Jackie Brown, who will be retiring on June 30, 2022, following
The scarcity of Black people in public accounting is a fact. There are many reasons for that but discussing these reasons won’t solve this issue. Here are some suggested solutions and actions. I wrote about the issue in a recent column, and this post is in response to quite a
Top executives are having trouble keeping up with an ever-growing array of risks, as surging inflation, supply chain constraints and the war in Ukraine add to earlier worries about cybersecurity, ransomware and rapid technology changes. A recent survey from PricewaterhouseCoopers found that 79% of the 3,584 business and risk, audit,
The Internal Revenue Service gave out far less money last year to tax whistleblowers than in recent years and collected much less as well, according to a new report. The fiscal year 2021 report, released Friday by the IRS Whistleblower Office, found that in the fiscal year ending Sept. 30,