BEST

PCAOB releases latest inspection reports for Big Four

By Michael Cohn       5 min read

The board released its 2020 inspection reports Monday for Deloitte, Ernst & Young, KPMG and PwC, showing mixed results. Read story →

Meet the 2021 Best Firms for Young Accountants

A look inside the 10 best places to start a career in accounting. Read story →

What’s next for the SALT cap

By Roger Russell       3 min read

An adverse court ruling leaves wealthy states with fewer options. Read story →

AICPA asks Congress to clarify rules on 15% minimum corporate tax

By Michael Cohn       4 min read

The American Institute of CPAs sent a letter to Congress’s tax-writing committees asking lawmakers to reconsider the rules around the corporate minimum tax rate that’s currently part of the reconciliation bill now under consideration. Read story →

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Audit fees continue to rise

By Michael Cohn       3 min read

Average audit fees continued to grow in recent years, increasing nearly 4% from 2019 to 2020 from $2.43 million to $2.52 million, according to a new survey.  Read story →

IRS details reporting guidance on carried interest at partnerships

By Michael Cohn       4 min read

The Internal Revenue Service provided detailed reporting directions Wednesday for certain passthrough entities and taxpayers reporting partnership interests held in connection with the performance of services, often referred to as “carried interest.” Read story →

IRS ups 401(k) contributions to $20,500

By Michael Cohn       3 min read

The service lifted the limit from $19,500 as part of its annual inflation adjustments.  Read story →

Inside the 2021 Best Firms for Young Accountants: Beacons in uncertain times

By Sean McCabe       9 min read

Meet this year's 10 best workplaces to start a career. Read story →

IFRS Foundation forms International Sustainability Standards Board, consolidates VRF and CDSB

By Michael Cohn       13 min read

The foundation aims to combine the organizations by June 2022. Read story →

Wolters Kluwer adds to CCH Axcess platform

By Daniel Hood       2 min read

Besides launching the new Validate and Marketplace solutions, the company announced that it has joined the BDO Alliance. Read story →

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ASC 842 - The clock is ticking for Non-Public entities

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