The IRS reissued proposed regulations (REG-136118-15) that implement the centralized partnership audit regime enacted by Section 1101 of the Bipartisan Budget Act of 2015, By Sally P. Schreiber, J.D.
Centralized partnership audit rules are reissued in proposed formMore..
For decades, auditors have faced the competing pressures of enhancing audit effectiveness while performing audits more efficiently. By investing more time—and the right procedures—in the planning phase of an audit, both can be achieved, according to Patricia Bottomly, CPA, national assurance partner at BDO USA LLP in Los Angeles. By Liz Farr, CPA
How to improve audit planning effectiveness and efficiencyMore..
By strict definition, blockchain is a global digital ledger of economic transactions that is transparent, continually updated by countless users, and considered by many as almost impossible to corrupt or hack.
Why CPAs need to get a grip on blockchainMore..
The Association of International Certified Professional Accountants and CPA.com, the American Institute of CPAs’ technology subsidiary, announced Tuesday that they are launching an initiative to provide funding and support to early-stage companies developing innovative technologies for the accounting profession.
Association, CPA.com launch ‘Shark Tank’ for startupsMore..
Finding qualified staff ranks as the top issue for U.S. accounting firms with more than one CPA, and those firms expect talent and technology to have the greatest impact on their practices over the next five years.
Staffing concerns again top list of CPA firm issuesMore..
BY GREG BESNER ON JUN 13, 2017 For the past several years, accounting firms have faced a leaky bucket in terms of staffing. While firms are currently growing—the latest AICPA survey estimates that more than 60 percent of firms are planning expansions—many face a talent shortage.
How to Prepare Your Firm for a New GenerationMore..
Thanks to evolving technologies, the accounting industry is facing significant changes. Financial consulting firms and accountants are desperately seeking solutions to finding and retaining high-quality young professionals in an industry with evolving technology and instant investing.
How Accountants Are Addressing Tech ChallengesMore..
Academic research finds that readable financial disclosures help not only investors, but companies as well.
Study stresses importance of presenting understandable accounting disclosures By Michael CohnMore..
Rajiv D. Banker, Merves Chair and director of the Center for Accounting and Information Technology in the Fox School of Business and Management at Temple University, received the 2017 AAA Lifetime Contribution to Management Accounting Award.....
Award recognizes lifetime contributions in management accountingMore..