Auditing April 10, 2024
PCAOB Wallops KPMG Netherlands With Record $25M Fine For Exam Cheating
Rampant cheating on internal training exams occurred from 2017 to 2022 and the firm lied about its knowledge of it, the PCAOB said.
Accounting April 10, 2024
Jason Staats Set to Face RightTool in 2024 ABC Tournament Final
Voting for the championship match between CPA Jason Staats and QuickBooks automation tool RightTool ends April 12.
Taxes April 9, 2024
IRS Proposes Regs For Stock Repurchase Excise Tax
The new guidance pertains to the Inflation Reduction Act's 1% excise tax owed on corporate stock repurchases or buybacks.
Taxes April 9, 2024
IRS Adds Security Steps For Tax Pros to Receive Transcripts
The IRS told tax professionals last week it’s making changes that will impact how practitioners obtain a client's tax transcripts.
Taxes April 9, 2024
IRS: Energy-Efficient Rebates Not Income
However, taxpayers will need to reduce the basis of the property when they sell it by the amount of the rebate, the IRS said last week.
Firm Management April 9, 2024
Reid CPAs Joins Forces With Crete Professionals Alliance
Crete Professionals Alliance has provided financial and back-office support to five accounting firms, with Reid its sixth firm partner.
Accounting April 8, 2024
Final Four Matches Underway in 2024 ABC Tournament
Voting for the two matches that will determine who moves on to the championship game lasts through April 9.
Accounting April 8, 2024
FASB Selects 11 Professionals to Sit on Emerging Issues Task Force
Based on feedback from stakeholders, the FASB recently revised the EITF's membership makeup and operating procedures.
Taxes April 5, 2024
Which States Cost the Most in Taxes Over a Lifetime?
New Jersey residents will pay the most in lifetime taxes, and people in West Virginia will pay the least, according to a Self Financial study.
Accounting April 4, 2024
Accounting-Related Class-Action Lawsuits on the Rise
Accounting-related securities class-action filings rose 9.8% from 51 in 2022 to 56 in 2023, Cornerstone Research said.
Auditing April 4, 2024
PwC Hit With $2.75 Million Fine By PCAOB For Running Afoul of Independence Rules
The order also requires a review of PwC's independence-related quality-control policies and procedures, and extra training.
Firm Management April 4, 2024
Crowe Adds ITR Economics in New Hampshire
Founded in 1948, ITR Economics will operate as a subsidiary of top 15 firm Crowe upon completion of the transaction.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
