Latest Articles

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May 27, 2020 

States and Feds Tracking Covid-19 Scams

Suspect cures and price gouging on short supplies have become a game of Whac-A-Mole for state and federal regulators and some businesses during the pandemic.

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May 27, 2020 

Consumer Confidence Stabilized in May

But just 14% of respondents said they expected their incomes to increase in the next six months, the smallest share since 2013. “Consumers remain concerned about their financial prospects,” Franco said.

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May 26, 2020 

Andy Keyso named Chief of IRS Independent Office of Appeals

Appeals is independent of the IRS compliance functions, including the examination and collection functions that make tax assessments and initiate collection actions. Appeals’ mission is to resolve tax controversies without litigation on a basis that ...

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May 26, 2020 

Do Credit Cards Encourage Overspending?

The long-held idea that credit cards encourage overspending isn’t necessarily false. A journal article by University of Toronto Researcher Dilip Soman found that those who have a history of using credit cards as a form of payment tend to overspend ...

fasb

May 26, 2020 

Financial Accounting Foundation Issues Annual Report

The annual report theme is “Standards That Work for Everyone.” It provides an outline of how the Financial Accounting Standards Boards (FASB) and the Governmental Accounting Standards Board (GASB) work together to obtain fresh ...

XCM 2020

May 26, 2020 

XCM Releases New API for Engagement Task Data

This latest GET API will allow XCM customers to access their engagement task information, including key dates and acceptance detail, typically captured throughout the lifecycle of an audit engagement, used to create a number of unique reporting needs ...

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May 26, 2020 

Illinois CPA Society Announces Scholarship Recipients

The Illinois CPA Society (ICPAS) is pleased to award $84,000 in scholarships to 43 accounting students as part of its Accounting Scholarship Program, which supports accounting students at Illinois colleges and universities who demonstrate strong ...

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May 26, 2020 

Grant Thornton Names New Managing Partners and Principals

Grant Thornton appointed these office managing partners and principals to drive the firm’s continued commitment to its people and culture, while also supporting its strategic objectives and growth initiatives in their respective markets.