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Latest Articles

SEC Approves $272.7 Million Budget for PCAOB, a 5 Percent Bump

By:

Chris Gaetano
|
Dec 21, 2018

The Securities and Exchange Commission (SEC) has approved a budget of $273.7 million for the Public Company Accounting Oversight Board (PCAOB), which it oversees, representing a 5 percent increase from last year.
IRS Will No Longer Fax Transcripts, Citing Security Concerns

By:

Chris Gaetano
|
Dec 21, 2018

The IRS announced that, starting Feb. 4 of next year, taxpayers will no longer be able to receive their transcripts by fax, and that the agency will steer them to more secure alternatives instead.
With Just Days Left to Go, Couples Scramble to Divorce Before Tax Provision Goes Into Effect

By:

Chris Gaetano
|
Dec 20, 2018

With only 11 days left in 2018, attorneys are reporting a wave of last-minute divorces by couples seeking to split before a new rule takes effect that bans income tax deductions for alimony payments.
SEC Charges Former Panasonic CEO and CFO for Role in Govt. Corruption Scheme

By:

Chris Gaetano
|
Dec 20, 2018

The Securities and Exchange Commission has announced charges against the former CEO and CFO of Panasonic Avionics Corporation (PAC) in connection with a scheme in which a government official provided the company with commercial and proprietary information in exchange for a $200,000-a-year job where he did very little work.
New Human Capital Reporting Standards Aim to Shed Light on Value People Bring

By:

Chris Gaetano
|
Dec 19, 2018

The International Standards Organization is set to release detailed standards for calculating and disclosing the value of an organization's human capital and labor relations.
Negative-Yield Bond Market Reaches $7.9 Trillion

By:

Chris Gaetano
|
Dec 19, 2018

There is currently about $7.9 trillion worth of negative-yield bonds circulating throughout the world, and recent announcements from the Bank of Japan indicate that this amount could grow even larger next year.
Study: Internal Control Audits Matter to Investors

By:

Chris Gaetano
|
Dec 18, 2018

A recent study has found that investors genuinely do care about internal control audits under Section 404(b) of the Sarbanes-Oxley Act, as companies that make use of a rule to opt out of them tend to be viewed less favorably by the market.
U.K. Government Reports Slam Regulators' Cozy Relationship with Big Four, Calls for New Regulator With More Power

By:

Chris Gaetano
|
Dec 18, 2018

In the wake of a series of high-profile accounting scandals, a pair of U.K. government reports released yesterday condemned an overly cozy relationship between the Financial Reporting Council, and the United Kingdom's Big Four branches, and called for a new, more powerful, body to be established in its place.
PCAOB Taps Deloitte Partner to be New Chief Auditor

By:

Chris Gaetano
|
Dec 17, 2018

The Public Company Accounting Oversight Board (PCAOB) has named Megan Zietsman, a Deloitte partner, as its new chief auditor.
U.S. Cheese Stockpiles Near Crisis Levels as Trade Tensions Cut Exports

By:

Chris Gaetano
|
Dec 17, 2018

The U.S. is sitting on about 1.4 billion pounds of excess cheese that can't be sold, the biggest stockpile ever recorded in the nation's history.

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Latest Articles

SEC Approves $272.7 Million Budget for PCAOB, a 5 Percent Bump

IRS Will No Longer Fax Transcripts, Citing Security Concerns

With Just Days Left to Go, Couples Scramble to Divorce Before Tax Provision Goes Into Effect

SEC Charges Former Panasonic CEO and CFO for Role in Govt. Corruption Scheme

New Human Capital Reporting Standards Aim to Shed Light on Value People Bring

Negative-Yield Bond Market Reaches $7.9 Trillion

Study: Internal Control Audits Matter to Investors

U.K. Government Reports Slam Regulators' Cozy Relationship with Big Four, Calls for New Regulator With More Power

PCAOB Taps Deloitte Partner to be New Chief Auditor

U.S. Cheese Stockpiles Near Crisis Levels as Trade Tensions Cut Exports

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