DAILY BRIEFING

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August 3, 2021

Prepared for Voornaam

SEC charges EY and partners with audit independence misconduct

By Michael Cohn       3 min read

The Securities and Exchange Commission charged Ernst & Young, one of its current partners, and two of the firm’s former partners Monday with violating auditor independence rules and improper professional conduct. View story →

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Accounting Today

Editorial Team

EisnerAmper restructures after private equity investment

By Michael Cohn       5 min read

The Top 20 Firm received an investment from TowerBrook Capital Partners and is separating the non-attest side into an entity called Eisner Advisory Group LLC. View story →

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Art of Accounting: 400th column →

Ed Mendlowitz marks 400 consecutive weeks of practice management columns.

Workiva buys OneCloud in first acquisition

By Ranica Arrowsmith       2 min read

Together, the two companies hope to accelerate digital transformation for their customers, which during the pandemic became a priority for firms and clients alike. View story →

Art of Accounting: 400th column

By Edward Mendlowitz       3 min read

Ed Mendlowitz marks 400 consecutive weeks of practice management columns.  View story →

Innovation in accounting

Grant Thornton's Chris Stephenson and Joe Brown talk about why firms need to embrace being more creative with services, products and technology.  View story →

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A guide to client accounting services

By Jody Padar       5 min read

Implementing CAS is a really great way for accountants adapt and evolve with where the market is going. View story →

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Boomer’s Blueprint: Project management: Building your team

By L. Gary Boomer       4 min read

 View story →

Serving your client’s entire family tree

By John P. Napolitano       6 min read

It’s important to have intergenerational conversations with clients and their families. View story →

AICPA names 2021-2022 Legacy Scholars

By Sean McCabe       2 min read

The American Institute of CPAs granted $766,000 in academic scholarships to 150 students as part of its annual program supporting future CPAs. View story →

Crypto investors get ready for more taxes — but clearer rules

By Ben Steverman, Claire Ballentine and Donald Moore       4 min read

Sure, you might have to actually pay U.S. taxes on those crypto trades. But at least it will be easier to figure out how much you owe. View story →

Senate poised to deliver infrastructure win for Biden’s agenda

By Laura Litvan and Steven T. Dennis       4 min read

The $550 billion infrastructure bill that would provide the biggest infusion of federal spending on public works in decades. Read story →

States haven’t needed to raise taxes to cope with pandemic

By Michael Cohn       4 min read

Most states have managed to get through the COVID-19 pandemic without increasing taxes, despite predictions last year, according to a new report. Read story →

Trump’s tax returns can be released to Congress, DOJ says

By David Yaffe-Bellany and Laura Davison       5 min read

The Justice Department directed the Treasury Department to hand over former President Donald Trump’s tax returns to Congress, a move that means six years of Trump’s personal and business financial information could become public. Read story →

SPAC restatements proliferate in wake of SEC warning

By Michael Cohn       3 min read

A warning from the commission has prompted hundreds of special purpose acquisition companies to issue financial restatements. Read story →

IRS to scrutinize EIN holders’ information

By Jeff Stimpson       1 min read

Among other things, the service is requiring many entities to update their applications. Read story →

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5 questions CFOs should be asking controllers

Wednesday, August 25, 2021 2:00 PM EDT

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