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November 12, 2021

Prepared for Voornaam

Taxpayer Advocate no longer helping with amended returns

By Michael Cohn       3 min read

The backlog of unprocessed returns has prompted the TAS to reject requests for assistance where the only issue involves amended returns. View story →

4 tips to help CPAs avoid burnout

By Justin Hatch      

CPAs put a lot of time and effort into guiding their clients to financial success, but that work can come at a cost.  View story →

RELATED

AICPA opens .cpa web domain in Canada →

The American Institute of CPAs and its technology arm, CPA.com, extended the .cpa web domain across the border to Canada, allowing CPAs and CPA firms in Canada to apply for .cpa web addresses to strengthen their brand.

FASB eases discount rate guidance for nonpublic lessees

By Michael Cohn       4 min read

The Financial Accounting Standards Board issued an update to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee benefit plans. View story →

Tax Fraud Blotter: Bad policies

By Jeff Stimpson       6 min read

Broken Link; pit stopped; c’mon, Man; and other highlights of recent tax cases. View story →

Zenwork raises $163M

By Daniel Hood       1 min read

The tax compliance software developer is aiming to fund product innovation and meet growing demand. View story →

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Deloitte, Carnegie Mellon University launch program for Black and Latinx professionals

By Sean McCabe       2 min read

The Climb Fellowship program will give mid-career accounting professionals the chance to develop leadership skills and connect with a community of their peers. View story →

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KPMG sued for $600M over alleged sloppy auditing

By Will Louch and Nicolas Parasie       2 min read

The claimants allege that KPMG “failed to maintain independence and an appropriate attitude of professional skepticism" in the insolvency of Dubai private-equity firm Abraaj Group.  View story →

Musk offloads $5B of Tesla stock as tax debate rages

By Anders Melin       3 min read

The world’s richest person has disposed of more than 4.5 million shares so far this week. View story →

Digital networks will power the future of accounting

By Daniel Hood       3 min read

Sage CTO Aaron Harris outlined the next stage of technological innovation, and trust is at its core. View story →

Sage highlights automation, mobile features

By Daniel Hood       4 min read

The software developer's annual user conference kicked off with a look at future capabilities. View story →

IMA withdraws from conference over Myanmar issue

By Michael Cohn       3 min read

The institute joins two other groups in withdrawing because of the involvement of officials from Myanmar. Read story →

FASB decides not to delay leases standard for private cos., nonprofits

By Michael Cohn       3 min read

The Financial Accounting Standards Board voted Wednesday against deferring the lease accounting standard for a third time for private companies and not-for-profit organizations. Read story →

RSM US taps next CEO

By Michael Cohn       3 min read

The Top Eight Firm has named the leader of the firm’s consulting practice, Brian Becker, as its next MP and CEO. Read story →

Audit committee disclosures in proxy statements keep increasing

By Michael Cohn       2 min read

Audit committees at public companies have been upping the amount of disclosures they have been providing in proxy statements, especially when it comes to cybersecurity and non-audit services. Read story →

Internal auditors prepare for post-pandemic risks

By Michael Cohn       2 min read

Internal auditors are keeping a close eye on emerging risks as the COVID-19 pandemic continues, with cybersecurity at the top of the priority list. Read story →

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