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GAO: IRS Needs Better Security for Paid Preparers

Latest Articles

SEC Charges Execs With Deceptive Accounting Practices

By:

Chris Gaetano
|
Apr 4, 2019

The Securities and Exchange Commission has announced fraud charges against the CFO and controllers of Roadrunner Transportation Systems, a shipping and logistics company, which it said engaged in several different accounting manipulations to deceive investors and outside auditors.
White House Nominates Allison Lee, Former Enforcement Attorney, to Fill SEC's Democratic Slot

By:

Chris Gaetano
|
Apr 3, 2019

The White House has formally nominated Allison H. Lee, who spent years working at the Securities and Exchange Commission as an enforcement attorney, to fill the agency's remaining leadership slot.
U.K. Parliament Repeats Calls to Break Up Big Four, but Regulator Advocates for Other Measures

By:

Chris Gaetano
|
Apr 3, 2019

Members of the United Kingdom's Parliament, specifically its business committee, repeated their calls to break up the Big Four in the country into separate entities in response to a series of accounting scandals over the past few years; the nation's main financial regulator, however, has advocated for less drastic steps.
Companies Making Progress on Implementing Lease Standard, But Many Still Struggle

By:

Chris Gaetano
|
Apr 2, 2019

A recent poll from Deloitte found that companies have been making steady progress in implementing the new Financial Accounting Standards Board lease standard, but there remains a sizable minority of companies still hesitant over their ability to comply.
Study: People Tolerate Vulnerability in Peers, But Not in Those of Higher Status

By:

Chris Gaetano
|
Apr 2, 2019

Admitting weakness when people look up to you can lead them to listen to you less, according to Inc.
IRS Revenue Ruling Clarifies Treatment of SALT Refunds in Age of $10K Limit

By:

Chris Gaetano
|
Apr 1, 2019

A recent IRS revenue ruling explains how taxpayers should treat state and local tax (SALT) refunds arising from any year in which the new limit on the deduction is in effect.
Regulatory Roundup: March 26-April 1

By:

Chris Gaetano
|
Apr 1, 2019

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.
GAO Says It Cannot Issue Clean Opinion on U.S. Govt.'s Financial Statements

By:

Chris Gaetano
|
Apr 1, 2019

The Government Accountability Office, which serves as the federal government's auditor, said that there are too many material weaknesses to issue a clean opinion on its consolidated financial statements.
Wanna Chair the FASB or GASB? Financial Accounting Foundation Opens Nominations for Positions

By:

Chris Gaetano
|
Apr 1, 2019

The Financial Accounting Foundation said that, since the terms of the current chairs of the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB) expire in 2020, they are now seeking nominations for new chairs of both boards.
Congress Reintroduces Major IRS Overhaul

By:

Chris Gaetano
|
Mar 29, 2019

Legislators in both the House and Senate have reintroduced a measure that, if passed, would be one of the most significant overhauls of IRS in more than a decade.

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Latest Articles

SEC Charges Execs With Deceptive Accounting Practices

White House Nominates Allison Lee, Former Enforcement Attorney, to Fill SEC's Democratic Slot

U.K. Parliament Repeats Calls to Break Up Big Four, but Regulator Advocates for Other Measures

Companies Making Progress on Implementing Lease Standard, But Many Still Struggle

Study: People Tolerate Vulnerability in Peers, But Not in Those of Higher Status

IRS Revenue Ruling Clarifies Treatment of SALT Refunds in Age of $10K Limit

Regulatory Roundup: March 26-April 1

GAO Says It Cannot Issue Clean Opinion on U.S. Govt.'s Financial Statements

Wanna Chair the FASB or GASB? Financial Accounting Foundation Opens Nominations for Positions

Congress Reintroduces Major IRS Overhaul

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