President Biden has picked Allison Herren Lee, a member of the Securities and Exchange Commission, as the acting chair of the SEC, as nominee Gary Gensler waits in the wings as a more permanent chair once he is confirmed by the Senate.
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Daily Briefing
January 22, 2021
Upcoming Events January 22, 2021
Daily Briefing
Biden names acting chair for SEC
By Michael Cohn      4 min read
President Biden has picked Allison Herren Lee, a member of the Securities and Exchange Commission, as the acting chair of the SEC, as nominee Gary Gensler waits in the wings as a more permanent chair once he is confirmed by the Senate.
Read More
 
Accountants and AI
Artificial intelligence is something of a black box for accountants, combining theoretical opportunities with a lot of vague threats of disintermediation. This special collection peeks inside the box to get at the exciting truth.
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Finance execs see pain points in internal controls reporting
By Michael Cohn      4 min read
Financial executives feel that the requirements for documenting their organization’s internal controls are getting to be too much and many of them are behind the curve when it comes to applying technology for internal control over financial reporting, according to a new report.
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IASA appoints first chair of insurance diversity and inclusion committee
By Sean McCabe      2 min read
Dixon Hughes Goodman's Wesley McLeod, a partner at the Top 20 Firm's insurance practice, will head the Insurance Accounting & Systems Association's new committee devoted to diversity in the insurance sector.
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IIRC revises integrated reporting framework
By Michael Cohn      5 min read
The International Integrated Reporting Council has published its revised Integrated Reporting Framework, incorporating some major changes since the IR Framework was first published in 2013.
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Managing Your Firm in a Post-COVID World
Think beyond the pandemic with exclusive resources to help you build a thriving virtual practice.
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How to help your real estate investor clients structure their businesses
By Nellie Akalp      6 min read
From legal considerations to tax implications, these entrepreneurs face some unique challenges.
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Fox News host Pirro’s ex-husband gets last-minute tax fraud pardon from Trump
By Chris Dolmetsch      1 min read
Albert J. Pirro Jr., a former business partner of Donald Trump and the ex-husband of Fox News host Jeanine Pirro, was pardoned by the departing president on his last day in office at the end of a flurry of clemency.
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Benchmarking for Nonprofits from Armanino taps into big data
By Ranica Arrowsmith      2 min read
Benchmarking has become a useful tool for organizations of all kinds to gauge their performance during the uncertain environment the COVID-19 pandemic has created.
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Tax Fraud Blotter: Trust busters
By Jeff Stimpson      5 min read
Drug money; ghosts of a chance; skin games; and other highlights of recent tax cases.
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M&A roundup: Prager Metis, REDW, Somerset and Fineman West expand
By Michael Cohn
Prager Metis combines with Blair, Bohlé & Whitsitt; REDW joins with CPA Global Tax & Accounting; Somerset CPAs and Advisors adds Rowley & Company; and Fineman West merges in Katz & Associates.
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ACCA finds mixed views on diversity in the accounting profession
By Michael Cohn      3 min read
The Association of Chartered Certified Accountants found the majority of accountants internationally believe they are in an inclusive profession, but nearly two-thirds think the profession still has an issue to deal with when it comes to diversity.
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