Auditing August 17, 2023
PCAOB Sees Glut of Faulty Broker-Dealer Audits
More than half of the audits of brokers and dealers inspected by the PCAOB last year had mistakes, according to a new report.
Taxes August 15, 2023
IRS Gives Taxpayers New Faxing Option to Request Relief on Late International Forms
The IRS says this electronic option removes a step in the paper process, which saves time and eases the burden on international taxpayers.
Auditing August 15, 2023
PCAOB Has Handed Out a Slew of Punishments to Audit Firms Recently
The audit watchdog doled out sanctions to 12 accounting firms from July 28 to Aug. 11 for breaking various auditing rules.
Firm Management August 14, 2023
BDO USA Calls Its New ESOP ‘a Game-Changer’ for the Profession
The sixth-largest public accounting firm in the U.S. said on Monday its ESOP would be among the largest in the country.
Taxes August 11, 2023
IRS Warns Employers About Abusive ESOP Schemes
The IRS has concerns that employee stock ownership plans are being used by some wealthy taxpayers as a tax avoidance tool.
Firm Management August 11, 2023
SingerLewak Merges In Puget Sound Area CPA Firm
Bremerton, WA-based Hearthstone CPA Group will keep its name but operate as Hearthstone CPA Group, a division of SingerLewak.
Taxes August 10, 2023
Treasury, IRS Issue Final Rules on Bonus Energy Tax Credits for Poorer Communities
A new program gives eligible solar and wind facilities in low-income areas increased investment tax credits of 10% or 20%.
Firm Management August 10, 2023
Cherry Bekaert Acquires MCM CPAs & Advisors
The deal involves two of the top 75 largest accounting firms in the U.S. by revenue.
Auditing August 9, 2023
Which Firm Had the Most IPO Audit Clients In Q2 2023?
In total, 15 different accounting firms audited the 34 newly listed companies in the second quarter.
Firm Management August 9, 2023
RSM US Reaches Revenue of $3.7 Billion in FY 2023
Chicago-based RSM remains the fifth-largest accounting firm in the U.S. by revenue, only behind the Big Four firms.
Auditing August 8, 2023
Accounting Firms Are Messing Up on Audits at an Unacceptable Rate, Says PCAOB Chair
A new report shows a year-over-year increase in the number of audits with deficiencies at firms that the PCAOB inspected in 2022.
August 7, 2023
IRS Targets Monetized Installment Sales in Proposed Regs
Under the proposal, monetized installment sale deals would be considered listed transactions by the IRS.
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
