Latest Articles

  • Assistant Treasury Sec. David Kautter Appointed as Acting IRS Commissioner

    By:
    Chris Gaetano
    |
    Oct 27, 2017
    The president has appointed Assistant Secretary of the Treasury for Tax Policy David Kautter as acting commissioner of the IRS. 
  • How to Structure Bonuses Without Incentivising Bad Behavior

    By:
    Chris Gaetano
    |
    Oct 26, 2017
    While bonuses can be a great tool to drive productivity, a poor design can create incentives for bad behavior. How should companies structure their bonus programs to retain all the benefits while avoiding the ethical pitfalls? 
  • 2017 Set All-Time Record for Store Closings

    By:
    Chris Gaetano
    |
    Oct 26, 2017
    Retailers have announced 6,700 store closings since the beginning of this year, setting an all-time record. The previous record of 6,163 was set in 2008 during the global economic crisis. 


  • AICPA Picks Eric Hansen as New Chair

    By:
    Chris Gaetano
    |
    Oct 25, 2017
    The AICPA governing council has chosen Eric Hansen, chief operating officer of BKD CPAs & Advisors, as its next chair. 
  • Study: Many Jobs Calling for College Degree Don't Really Need One

    By:
    Chris Gaetano
    |
    Oct 25, 2017
    A recently released Harvard Business School study has found that 6.2 million jobs are at risk of "degree inflation," that is requiring college degrees when it's really not necessary for the job at hand. 
  • Speaker: As Anti-Money Laundering, Counter-Terrorist Financing Efforts Mature, New Complexities Emerge

    By:
    Chris Gaetano
    |
    Oct 25, 2017
    In the grand scheme of things, anti-money laundering and counter-terrorist financing regulations are relatively recent phenomena, and though they have evolved quickly,  they will be tested by the complexities and challenges of a global economy under rapid change, according to Daniel L. Glaser, former Assistant Secretary for Terrorist Financing and Financial Crimes in the U.S. Department of the Treasury and a speaker at the Foundation for Accounting Education's Oct. 25  Anti-Money Laundering Conference.
  • Speakers: Regulatory Systems Only As Good As Their Data

    By:
    Chris Gaetano
    |
    Oct 25, 2017
    While financial institutions are eager to implement automated systems to help them catch suspicious activity, a panel of regulators at the Foundation for Accounting Education's Oct. 25 Anti-Money Laundering Conference said that none of that helps if they're not fed the right data. 
  • It's Official: SEC Approves Expanded Audit Report

    By:
    Chris Gaetano
    |
    Oct 24, 2017
    The Securities and Exchange Commission has formally approved the new expanded auditor's report adopted by the Public Company Accounting Oversight Board on June 1, creating a number of new disclosure requirements, chiefly the mandatory discussion of critical audit matters. 
  • TIGTA: IRS Must Improve Efforts to Ferret Out Erroneous EITC Claims

    By:
    Chris Gaetano
    |
    Oct 24, 2017
    The Treasury Inspector General for Tax Administration took the IRS to task for failing to conduct appropriate compliance treatments on returns that made potentially erroneous EITC claims, as well as for lack of adequate followup efforts on preparers with consistent non-compliance. 
  • Regulatory Roundup: Oct. 18-24

    By:
    Chris Gaetano
    |
    Oct 24, 2017
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA’s regular series that collects relevant regulatory announcements from the past week, and puts them in one place to help you stay on top of the issues.