USC professor honored with AAA 2020 Lifetime Contribution Award

Professor S. Mark Young, the George Bozanic and Holman G. Hurt chair in sports entertainment business and professor of accounting at the University of Southern California, was recognized for his contributions to management accounting education.

USC professor honored with AAA 2020 Lifetime Contribution Award


IRS leaker who outed Michael Cohen’s banking secrets is spared jail time

A former Internal Revenue Service analyst persuaded a judge not to send him to prison for leaking confidential government records on suspicious banking activity by President Donald Trump’s former lawyer Michael Cohen.

IRS leaker who outed Michael Cohen’s banking secrets is spared jail time


Expense management vendors unite to form Emburse

A group of six travel and expense management software vendors — Abacus, Captio, Certify, Chrome River, Nexonia and Tallie — have come together under a single company, Emburse, in an effort to challenge SAP Concur.

Expense management vendors unite to form Emburse


FASB is the villain!

The ability to explain accounting clearly is the power that will make accountants superheroes.

FASB is the villain!


Moody’s predicts CECL will have limited impact on big banks

The new credit losses accounting standard is not expected to have a major impact on the loan loss reserves of most large publicly listed U.S. banks, according to Moody’s Investors Service.

Moody’s predicts CECL will have limited impact on big banks


Whistleblower protections for accountants and tax professionals bolstered by new law

The Taxpayer First Act protects a broad range of disclosures about potential violations of IRS rules or tax fraud.

Whistleblower protections for accountants and tax professionals bolstered by new law


Illinois CPA Society honors 2020 'Mary T. Washington' program grads

Twenty-six diverse college students are the most recent class to graduate from the three-day internship preparation course.

Illinois CPA Society honors 2020 'Mary T. Washington' program grads


Audit fees keep rising, thanks to new accounting standards

Average audit fees increased 4.25 percent from 2017 to 2018, according to a new report.

Audit fees keep rising, thanks to new accounting standards


Putting the 'C' in CRM

Customer relationship management is an essential part of an accounting firm’s business, but it often gets overlooked in favor of the good accounting work the firm does for their client.

Putting the 'C' in CRM


Trump tax fight with House put on hold for McGahn ruling

House Democrats’ lawsuit seeking President Donald Trump’s federal tax returns was put on hold as a judge said he’s waiting for a higher court’s ruling in a separate case on whether Congress can make ex-White House counsel Don McGahn testify.

Trump tax fight with House put on hold for McGahn ruling