KPMG predicts audit committee agenda for 2020
The Big Four firm’s Board Leadership Center predicts reinforcing audit quality and setting clear expectations for external auditors will be top of mind in the year ahead.
Moving forward without a technical correction to QIP
A drafting error in the Tax Cuts and Jobs Act inadvertently removed Qualified Improvement Property from bonus eligible property. This was a mistake and a technical correction was expected. However, none was ever made.
Biden, Sanders overstate tax-hike revenue, estimates find
Democratic presidential candidates Joe Biden and Bernie Sanders have overestimated the amount of revenue their tax proposals would generate by hundreds of billions, or even trillions, of dollars, according to a new study.
Illinois CPA Society president signs 'Diversity and Inclusion Pledge'
Todd Shapiro joined the ranks of industry figures signing the “CEO Action” pledge, committing to building a more inclusive workplace.
Illinois CPA Society president signs 'Diversity and Inclusion Pledge'
France says U.S. agreed on a path to global tech tax accord
The U.S. and Europe are making progress toward a global pact on the taxation of digital services, with France’s finance minister, Bruno Le Maire, saying on Thursday that American officials agreed on a blueprint for negotiations.
Financial satisfaction reached all-time high in Q4, says AICPA
The American Institute of CPAs’ Q4 2019 Personal Financial Satisfaction index (PFSi) has reached a new high for the seventh time in the last ten quarters after plummeting to record lows in the third quarter of last year, thanks to a late 2019 surge in the stock market.
Financial satisfaction reached all-time high in Q4, says AICPA
Grant Thornton offers indirect tax software
Grant Thornton LLP has introduced its new iNDIRECT.360 system to help companies manage their indirect tax processes and data needs.
Global TaxUpdate offers international tax legislation translated into English
Global TaxUpdate, a Lisbon, Portugal-based global tax information provider, has introduced GTU OnDemand, an e-commerce service that provides access to an online store of translated tax legislation.
Global TaxUpdate offers international tax legislation translated into English
Federal tax lawsuits plunge
Federal civil tax lawsuits have fallen by more than half over the past decade, according to a new analysis.
IESBA proposes major revisions to independence standards for auditors
The International Ethics Standards Board for Accountants has released two exposure drafts for proposed ethical standards aimed at strengthening the non-assurance services and fee-related independence provisions of the International Code of Ethics for Professional Accountants.
IESBA proposes major revisions to independence standards for auditors