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House Bill Would Clarify Online Sales Tax Requirements

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NYS Passes Bill Mandating CPE for New CPAs

IRS to Delay Form W-4 Changes Until 2020

Society Objects to ABV Credential for Non-CPAs

Latest Articles

Citibank Settles LIBOR Manipulation Dispute for $100 Million

By:

Chris Gaetano
|
Jun 18, 2018

Citibank has agreed to a $100 million settlement with the attorneys general of 41 different U.S. jurisdictions over accusations that it manipulated the London Interbank Offered Rate (LIBOR), a key interest rate that informs many other rates, such as those for government and corporate bonds, mortgages, student loans, and credit cards.
SEC Corporate Finance Director Says Bitcoin, Ethereum Are Probably Not Securities

By:

Chris Gaetano
|
Jun 15, 2018

William Hinman, the SEC's Director of the Division of Corporate Finance, said in a recent speech that the offers and sales of cryptocurrencies Bitcoin and Ethereum do not fit the definition of a securities transaction.
Poll: Tax Departments Around the World Struggle with Regulation, Talent, Tech, Budgets

By:

Chris Gaetano
|
Jun 15, 2018

A poll of 1,722 senior executives from 28 countries found that the corporate tax and finance departments had largely the same challenges: regulation, finding qualified staff, doing more with less and technological disruption.
Fed Lifts Interest Rates by Quarter of a Percent

By:

Chris Gaetano
|
Jun 14, 2018

The Federal Reserve on Wednesday raised interest rates by a quarter of a percent, indicating that the central bank is confident about the current state of the economy.
PwC Fined £6.5M for Audit on Failed British Retailer, Reflecting Increased Scrutiny of Accounting Firms

By:

Chris Gaetano
|
Jun 14, 2018

The British government fined the U.K. branch of Big Four firm PwC £6.5 million over what it said was sloppy audit work of a now-defunct retailer, indicating an environment of heightened scrutiny of accounting firms in the wake of several major scandals involving auditors.
Audit of City of Philadelphia's Finances Reveals $923 Million in Errors, $33 Million Discrepancy from Cash Accounts

By:

Chris Gaetano
|
Jun 13, 2018

The Philadelphia city controller has blasted the municipal government after an audit found $923 million worth of accounting errors, as well as an additional $33 million variance between the city's books and bank balances.
Study Suggests Cryptocurrency Boom Driven by Manipulation, Not Demand

By:

Chris Gaetano
|
Jun 13, 2018

A recent study from University of Texas in Austin suggests that at least half of the meteoric rise in cryptocurrency valuation last year could be reflective not of market demand but of a motivated campaign of price manipulation.
Society Honors Best Financial Reporting of 2017 at EFJ Awards

By:

Ruth Singleton
|
Jun 12, 2018

At the NYSSCPA’s Excellence in Financial Journalism Awards luncheon on June 8, the Society honored some of 2017’s best financial journalism and the reporters and other professionals who produced it.
UK Regulator Fines KPMG £3 Million

By:

Chris Gaetano
|
Jun 12, 2018

The UK's Financial Reporting Council, which regulates auditors, fined Big Four firm KPMG over poor audit work for insurance software company Quindell which, after the auditors blessed the financial statements, restated its information and turned an £83 million profit into a £68 million loss.
States Scrambling to Adjust to Federal Tax Law Changes, Leaving Companies Uncertain on Future

By:

Chris Gaetano
|
Jun 12, 2018

The speed at which the Tax Cuts and Jobs Act was signed into federal law has left state government reeling as they debate how their own tax systems should react, leaving companies unsure of what to do as legislatures debate the degree to which they should conform to federal law.

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Latest Articles

Citibank Settles LIBOR Manipulation Dispute for $100 Million

SEC Corporate Finance Director Says Bitcoin, Ethereum Are Probably Not Securities

Poll: Tax Departments Around the World Struggle with Regulation, Talent, Tech, Budgets

Fed Lifts Interest Rates by Quarter of a Percent

PwC Fined £6.5M for Audit on Failed British Retailer, Reflecting Increased Scrutiny of Accounting Firms

Audit of City of Philadelphia's Finances Reveals $923 Million in Errors, $33 Million Discrepancy from Cash Accounts

Study Suggests Cryptocurrency Boom Driven by Manipulation, Not Demand

Society Honors Best Financial Reporting of 2017 at EFJ Awards

UK Regulator Fines KPMG £3 Million

States Scrambling to Adjust to Federal Tax Law Changes, Leaving Companies Uncertain on Future

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