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August 13, 2019

DAILY BRIEFING

AICPA and NASBA work on evolving the CPA licensing model

By Michael Cohn 12 min read

The American Institute of CPAs and the National Association of State Boards of Accountancy have also teamed up on a new initiative to protect professional licensing for CPAs.

Companies penalize audit firms for flagging their own weaknesses

By Michael Cohn 5 min read

Auditing firms that tend to find material weaknesses in companies’ internal controls are seen as less attractive in the audit market, according to a new study.

Ghost assets can haunt companies for years

By Scott Avery 4 min read

The cost can be enormous in terms of taxes paid unnecessarily, and more.

NASBA names recipients of 2019 Accounting Education Research Grants

By Sean McCabe 2 min read

The National Association of State Boards of Accountancy has awarded research grants to a number of faculty and postdoctoral researchers.

The latest in auditing standards

By Daniel Hood

AICPA chief auditor Bob Dohrer shares new developments in the rules around audit evidence, key audit matters for non-public clients, and much more.

'XPlore' program introduces KU students to big-city life

By Sean McCabe 3 min read

Now in its 14th year, the University of Kansas program gives accounting students a hands-on look at firm life in some of the country's biggest markets.

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Art of Accounting: Big-time consulting by small-firm owners

By Edward Mendlowitz 5 min read

I have spoken to and met with thousands of fellow accountants, and I truly believe many are underpricing their services.

Trump tax return case doesn’t belong in D.C. court, N.Y. says

By Andrew Harris 2 min read

New York’s top lawyer told a Washington judge that he shouldn’t be the one hearing President Donald Trump’s suit to block the state from handing his tax records to Congressional Democrats.

5 principles for running a smarter firm

By Darren Root 5 min read

Accountants can learn a lot from giants like Netflix and Marriott — and from their own clients.

Treasury and IRS unveil new Form W-4 for 2020

By Michael Cohn 3 min read

The Treasury Department and the Internal Revenue Service have released on Friday a redesigned Form W-4 for tax year 2020, making a number of changes to earlier draft versions of the form after hearing complaints from tax professionals.

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Special Report: The Audit of the Future

If even half the current predictions are true, in five years no one will recognize the audit. This report will look at some of the most likely changes.

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