Latest Articles

  • Speakers Talk About How to Boost Valuation with Intellectual Property

    By:
    Chris Gaetano
    |
    May 23, 2018

    As the global economy increasingly turns less on physical goods and more on intellectual property (IP), patents have become an efficient and effective way for a company to increase its valuation, especially when preparing for a sale, according to a pair of speakers at the Foundation for Accounting Education’s Business Valuation Conference on May 21. 

  • AICPA's Melancon Calls for a Radical Change to the Audit

    By:
    Chris Gaetano
    |
    May 22, 2018
    AICPA CEO Barry Melancon, during a speech at the institute's Governing Council spring meeting, called on audit industry leaders to embrace emerging technologies like blockchain and cognitive computing, saying that the profession needs an entirely new approach to audits. 
  • Regulatory Roundup: May 16-22

    By:
    Chris Gaetano
    |
    May 22, 2018
    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 ‚Äč‚Äčannouncements from the past week, and puts them in one place to help you stay on top of the issues.  
  • NYS Proposes New Unincorporated Business Tax as Salve to SALT Cap

    By:
    Chris Gaetano
    |
    May 22, 2018
    The New York State Department of Taxation and Finance has released a discussion draft on a proposed unincorporated business tax (UBT) matched with a corresponding set of credits for members of partnerships doing business in New York, as part of the state's overarching response to the federal Tax Cuts and Jobs Act
  • Speakers: Cash Tough, but Not Impossible, to Track

    By:
    Chris Gaetano
    |
    May 22, 2018

    While the task of valuing a business is challenging enough on its own, it becomes even more difficult when that business deals mainly in cash. But a pair of speakers at the Foundation for Accounting Education’s Business Valuation Conference on May 21 walked their audience through the different ways professionals can adapt.  

     
  • Helen Munter, Director of Registration and Inspections for PCAOB, to Step Down

    By:
    Chris Gaetano
    |
    May 21, 2018
    The Public Company Accounting Oversight Board (PCAOB) has announced that Helen Munter, currently the Director of Registration and Inspections, will be stepping down after 14 years of service. 
  • Study: CEO Pay Shrinks, Then Grows, When Activist Hedge Funds Buy a Stake in a Company

    By:
    Chris Gaetano
    |
    May 21, 2018
    A recent study has found that when activist hedge funds buy a stake in a company, CEO pay and perks take a precipitous dive in the immediate aftermath, but then actually rise higher than average a few years later.  
  • TIGTA: Private Contractor Provided IRS with Questionable Background Checks

    By:
    Chris Gaetano
    |
    May 18, 2018
    A private contractor hired to perform background investigations of prospective federal employees was found to be doing inadequate work, resulting in thousands of people hired without the proper checks, including about 2,000 current IRS employees, according to a recent report from the Treasury Inspector General for Tax Administration. 
  • Vatican Says Global Financial System Needs More Morals and Ethics, Also Regulations

    By:
    Chris Gaetano
    |
    May 18, 2018
    The Vatican released a document railing against what it called a reckless and amoral culture of waste in the financial system, arguing that markets must be approached with a greater sense of morals and ethics, as well as robust regulations. 
  • Mounting Regulatory Pressure Forces Big Four to Consider Breakup Contingencies in UK

    By:
    Chris Gaetano
    |
    May 17, 2018
    The Big Four firms, under intense scrutiny from U.K. regulators, have developed contingency plans of what exactly to do in the event they are forced to break up into smaller firms within that country.