DAILY BRIEFING

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June 17, 2021

Prepared for Voornaam

How CPA firms can win women back

By Joanne Cleaver       4 min read

When you reopen your accounting firm, will the woman employees come back? Maybe not. View story →

FASB proposes discount rate guidance for nonpublic lessees

By Michael Cohn       3 min read

The Financial Accounting Standards Board released a proposed accounting standards update Wednesday with the goal of improving the discount rate guidance for lessees that are not public businesses, such as private companies, not-for-profits and employee benefit plans.  View story →

RELATED

GASB offers guidance on implementing leases, and more →

The board released updated implementation guidance for its leases standard, along with other accounting standards for state and local governments.

BerryDunn promotes first woman CEO

By Sean McCabe       1 min read

The Top 100 Firm, based in Portland, Maine, announced that 29-year firm veteran Sarah Belliveau will serve as the next CEO and managing principal. View story →

Stripe adds VAT and GST tax capabilities

By Ranica Arrowsmith       2 min read

Stripe Tax helps businesses automatically calculate and collect sales tax, value added tax, and goods and services tax in more than 30 countries. View story →

Mauldin & Jenkins merges in CDPA

By Michael Cohn       2 min read

The Top 100 Firm, based in Atlanta, is expanding in Alabama.  View story →

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Advisors increasingly dump expensive New York and California for no-tax Florida

By Lynnley Browning       5 min read

Fueled remote work and worries over tax hikes, financial advisors who live in expensive cities are trimming their personal tax bills by moving to low-tax and no-tax states. View story →

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Technology can improve ESG reporting

By Michael Cohn       5 min read

Companies can streamline their environmental, social and governance reporting using technology, according to a recent report.  View story →

PwC to add 100K jobs in $12B strategic revamp

By Bella Genga and Roxanne Henderson       2 min read

The Big Four firm is investing in an overhaul targeting better audits, digitization of services and greener operations. View story →

Shedding light on the murky world of ESG metrics

By Tim Quinson       3 min read

The lack of universal, comparable disclosure makes internal rankings less than reliable. View story →

Trump tax battle spurs judge to push for mediation over subpoena

By David Yaffe-Bellany       3 min read

A federal judge pressured lawyers for Donald Trump and House Democrats to settle their long battle over a subpoena of records from the former president’s accounting firm. View story →

White House counsels patience on infrastructure deal

By Erik Wasson, Laura Litvan and Justin Sink       4 min read

The administration said no deadline has been set for talks, but House Democrats said they are ready to move ahead without Republicans. Read story →

In the blogs: Money troubles

By Jeff Stimpson       3 min read

Implications of a big leak; taxing multinationals; better current than new clients; and other highlights from our favorite tax bloggers. Read story →

Senators propose bill to strengthen IRS whistleblower program

By Michael Cohn       3 min read

Sen. Chuck Grassley, R-Iowa, and Ron Wyden, D-Oregon, introduced a bipartisan bill to protect tax whistleblowers. Read story →

Auditors face rising SOX compliance hours

By Michael Cohn       2 min read

The increasing number of hours devoted to Sarbanes-Oxley compliance, along with the COVID-19 pandemic, have accelerated the need to use technology and automation to cope, according to a new survey. Read story →

AICPA, NASBA unveil CPA Evolution curriculum

By Sean McCabe       3 min read

The American Institute of CPAs and the National Association of State Boards of Accountancy debuted the new accounting education framework, which introduces more future-forward concepts to CPA candidates in time for the 2024 Uniform CPA Exam. 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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