Aprio, a Top 25 Firm based in Atlanta, is expanding to Southern California by acquiring Kirsch Kohn Bridge, a firm based in Woodland Hills, effective Nov. 1. The deal will grow Aprio’s geographic footprint while enabling it to expand into new local markets and industries. Financial terms were not disclosed.
Facing a backlash from audit firms over its proposal to toughen the standards for failing to detect noncompliance with laws and regulations, the Public Company Accounting Oversight Board has decided to delay action on the standard this year. The PCAOB proposed the so-called NOCLAR standard in June, with the goal
Tax compliance and automation solutions provider Avalara and digital asset accounting platform Ledgible announced a partnership to offer enhanced digital asset cost basis reporting for 1099s. The collaboration enables businesses to integrate digital asset cost basis information into their tax forms. … Expense management solutions provider Emburse added updates and
Everything must go; have con, will travel; gold rush; and other highlights of recent tax cases. Deltona, Florida: Business owner David Albert Fletcher has pleaded guilty to evading payment of more than $1.7 million he owed for tax years 2004 through 2014. Fletcher owned and operated several furniture liquidation businesses
The Public Company Accounting Oversight Board is rolling out a new series of staff publications targeted at auditors of small public companies, starting with one on critical audit matters, as board members face the likelihood of a deregulatory emphasis under the incoming Trump administration and probable changes in board composition.
The Public Company Accounting Oversight Board issued a new publication Tuesday providing guidance from its staff on the auditor’s responsibilities when it comes to detecting, evaluating and making communications about illegal acts, as a controversial new standard that would toughen these requirements awaits approval. The PCAOB staff did outreach in
National Taxpayer Advocate Erin Collins is objecting to proposed regulations that would enable the Internal Revenue Service to shorten its third-party notice requirements to as little as 10 days, saying they would unfairly erode the taxpayer notice requirements. In a blog post Thursday, Collins called attention to a notice of
The Public Company Accounting Oversight Board today settled a disciplinary order sanctioning a Chinese firm for repeatedly violating PCAOB rules and failing to cooperate with the board’s investigation. The PCAOB found that JTC Fair Song CPA Firm, located in Shenzhen, China, repeatedly failed to make required filings. First, the firm
President-elect Donald Trump offered up a long list of promises during his campaign, and next year will bring a major test with the upcoming expiration of many of the provisions from his first administration’s Tax Cuts and Jobs Act of 2017. “No one has a crystal ball on what’s going
The Internal Revenue Service may be facing steep cuts in its budget with the win on Tuesday night of President-elect Donald Trump. Funding for the IRS has become a political issue, with Republicans successfully pushing to cut the extra $80 billion funding from the Inflation Reduction Act of 2022 already