PCAOB November 3, 2026
PCAOB Proposes to Update Rules on Auditor Comfort Letters
The Public Company Accounting Oversight Board is proposing to update what it says are outdated provisions in the auditing standard related to auditor comfort letters.
January 17, 2018
IRS Warns of Tax Scam with Fake W-2 Forms
Here’s how the scam works: Cybercriminals do their homework, identifying chief operating officers, school executives or others in positions of authority. Using a technique known as business email compromise (BEC) or business email spoofing (BES), ...
January 16, 2018
Taxpayer Advocate Releases Annual Report to Congress, Unveils “The Purple Book”
In addition, as part of the report, the NTA has released “The Purple Book” presenting 50 legislative recommendations. Many of these proposals have been detailed in prior NTA, but others are presented in this inaugural publication for the first time.
January 16, 2018
Buying Out Retiring Partners
Many firms focus first on the financial terms of the buyout as the most critical issue. While this is important (and discussed below) it pales in comparison to assuring you have competent replacement partners in place and a strong transition plan for ...
January 16, 2018
Seven Lease Accounting Lessons Learned from Early Implementation Projects
The implementation dates for FASB’s ASC 842 standard are quickly approaching. Yet, most companies adopting the new standard haven’t even reached the halfway point in their implementation projects. However, there are a few early movers who have made ...
January 16, 2018
Majority of U.S. Businesses at Risk Due to Data Protection Practices
The survey of more than 500 ITDMs found that many businesses are potentially ill-prepared for the growing number of malicious and accidental events as well as natural disasters that lead to data access failure and business outages. The data also ...
January 16, 2018
Marks Paneth LLP Acquires Buck Sturmer & Co.
With offices in New York City and Westchester County, Buck Sturmer provided comprehensive accounting, tax and consulting services to high-net-worth individuals, families and businesses for more than 50 years.
January 16, 2018
Public Company Audit Fees Increase by a Median 1.3 Percent
Public companies reported a median increase of 1.3 percent, compared with 1.6 percent in 2015. Private companies reported a median increase of 3.7 percent, compared with 2.9 percent for 2015 audits. Non-profit respondents reported a median increase ...
January 16, 2018
IIA Announces Key Updates to CIA Certification Exam
The Institute of Internal Auditors (IIA) has announced important updates to the Certified Internal Auditor (CIA) Examination. The CIA exam is a three-part exam designed to test candidates’ knowledge, skills, and abilities related to current global ...
January 16, 2018
Vertex Cloud Indirect Tax Announces SOC 2 Type 2 Completion
Vertex Cloud’s SOC 2 report validates the security of hosted solutions and helps satisfy customer requirements. This includes obtaining assurance over third-parties who host their data and the effectiveness of the solution’s compliance or operations ...
January 16, 2018
Accounting Firm RubinBrown Acquires Goltermann & Associates
The combination will allow RubinBrown to grow its specialization in both entrepreneurial and wealth advisory services, integrating partners Greg and Joe Goltermann and their team into RubinBrown’s Clayton office. John F. Herber, Jr., CPA, CGMA, ...
January 16, 2018
Roger CPA Review Announces New Predictive Data Platform with Launch of SmartPath Technology
SmartPath is an adaptive learning system that utilizes predictive data to assist CPA candidates with the practice multiple-choice questions and task-based simulations required to increase their likelihood of passing the CPA Exam. The platform ...
January 16, 2018
3 Ways to Save $1,000’s on Employee Labor Costs
Employee wages and benefit expense is the highest cost for most businesses. This cost continues to rise as new laws create increased mandatory time off, paid family leave, and higher minimum wage.