Finance execs see pain points in internal controls reporting

Financial executives feel that the requirements for documenting their organization’s internal controls are getting to be too much and many of them are behind the curve when it comes to applying technology for internal control over financial reporting, according to a new report.

Finance execs see pain points in internal controls reporting


IASA appoints first chair of insurance diversity and inclusion committee

Dixon Hughes Goodman’s Wesley McLeod, a partner at the Top 20 Firm’s insurance practice, will head the Insurance Accounting & Systems Association’s new committee devoted to diversity in the insurance sector.

IASA appoints first chair of insurance diversity and inclusion committee


IIRC revises integrated reporting framework

The International Integrated Reporting Council has published its revised Integrated Reporting Framework, incorporating some major changes since the IR Framework was first published in 2013.

IIRC revises integrated reporting framework


How to help your real estate investor clients structure their businesses

From legal considerations to tax implications, these entrepreneurs face some unique challenges.

How to help your real estate investor clients structure their businesses


Fox News host Pirro’s ex-husband gets last-minute tax fraud pardon from Trump

Albert J. Pirro Jr., a former business partner of Donald Trump and the ex-husband of Fox News host Jeanine Pirro, was pardoned by the departing president on his last day in office at the end of a flurry of clemency.

Fox News host Pirro’s ex-husband gets last-minute tax fraud pardon from Trump


M&A roundup: Prager Metis, REDW, Somerset and Fineman West expand

Prager Metis combines with Blair, Bohlé & Whitsitt; REDW joins with CPA Global Tax & Accounting; Somerset CPAs and Advisors adds Rowley & Company; and Fineman West merges in Katz & Associates.

M&A roundup: Prager Metis, REDW, Somerset and Fineman West expand


ACCA finds mixed views on diversity in the accounting profession

The Association of Chartered Certified Accountants found the majority of accountants internationally believe they are in an inclusive profession, but nearly two-thirds think the profession still has an issue to deal with when it comes to diversity.

ACCA finds mixed views on diversity in the accounting profession


IRS issues guidance on repayment of deferred payroll taxes

The Internal Revenue Service released information on how employees now have until the end of the year to repay any payroll taxes they deferred from last year.

IRS issues guidance on repayment of deferred payroll taxes


Budgeting advice for accountants for 2021

Given the turbulence of the past year, agility should be at the forefront of our minds when building a budget and strategy for 2021.

Budgeting advice for accountants for 2021


Biden to extend student-loan payment freeze until September

President Joe Biden plans to extend a freeze on federal student-loan repayments until at least the end of September, keeping in place a pandemic measure that’s reduced costs for tens of millions of borrowers.

Biden to extend student-loan payment freeze until September