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June 21, 2021

Prepared for Voornaam

SEC reportedly investigating former PCAOB chair Duhnke

By Michael Cohn       4 min read

The Securities and Exchange Commission is reportedly probing William Duhnke, the recently fired chair of the Public Company Accounting Oversight Board. View story →

On the move: EY appoints San Juan office MP

Indiana CPA Society names new CEO; Topel Forman hires COO; and more CPA news.  View story →

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On the move: HHM hires VP of marketing →

FICPA names Women to Watch; Weaver promotes seven to partner; and more CPA news.

The future of work will be flexible — and so will we

By Brad Preber       3 min read

Both clients and staff say the remote-work model has been effective, and that’s one big reason Grant Thornton is continuing it, according to CEO Brad Preber. View story →

Global minimum tax on corporations faces pushback

By Michael Cohn       4 min read

The Biden administration’s proposal to impose a global minimum tax on corporations has been provoking opposition in Congress, with Republicans advocating user fees instead to pay for infrastructure improvements. View story →

Reach big audacious goals, one step at a time

By Kyle Walters       5 min read

Everyone loves to talk about big goals. Let’s talk about how to actually get them done. View story →

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NJCPA names 2021 Ovation Award recipients

By Sean McCabe       1 min read

Forty-one members of the New Jersey Society of CPAs were highlighted for their "significant contributions in advancing the accounting profession." View story →

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In the firm of the future, everyone pulls together

By Alan Anderson, Dustin Hostetler       6 min read

Internal alignment between departments will be more critical to success than ever. View story →

Biden rebuff on gas tax casts doubt on infrastructure deal

By Jordan Fabian and Erik Wasson       2 min read

The White House reiterated President Joe Biden’s opposition to indexing the gasoline tax to inflation to help pay for an infrastructure plan, raising new questions about the viability of a bipartisan compromise emerging in the Senate. View story →

Chipmakers offered 25% investment tax credit in new Senate bill

By Se Young Lee       1 min read

A 25% tax credit is the latest carrot being proposed on Capitol Hill to encourage semiconductor companies to bolster U.S. production. View story →

Firms slowly return to offices while giving employees flexibility

By Michael Cohn       9 min read

Accounting firms are reopening their doors as the COVID-19 pandemic recedes thanks to wide availability of vaccines in the U.S., but they’re trying to avoid alienating staff. View story →

VSCPA awards $59K in 2021-22 college scholarships

By Sean McCabe       2 min read

The Virginia Society of CPAs highlighted 26 undergraduate, graduate, and doctoral accounting students for their academic excellence. Read story →

House passes ESG and tax haven disclosure bill

By Michael Cohn       3 min read

The legislation would require standardized metrics and disclosures of environmental, social and governance measures by companies. Read story →

Tax Fraud Blotter: The latest twists

By Jeff Stimpson       5 min read

Just print n’ pay; all hair stylists are alike; risky business; and other highlights of recent tax cases. Read story →

SEC stance on SPAC warrant accounting demands closer look

By Matt Smith, Petar Tomov       5 min read

Find out why the recent guidance from the SEC on how SPAC warrants are classified requires careful consideration of the specific facts and circumstances for each entity and each contract. Read story →

Supreme Court dismisses GOP challenge to Affordable Care Act

By Greg Stohr       3 min read

The justices rejected a challenge by Republican-controlled states and the Trump administration to a landmark law that provides health insurance to 20 million people. Read story →

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Why lease accounting software systems fail: 9 key functional deficiencies driving companies to replace ASC 842 software

Wednesday, July 21, 2021 2:00 PM EDT

Adoption of ASC 842 was challenging enough. No company implemented new lease accounting software expecting to replace it just a couple of years later. But many are doing just that.  Learn More →

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