FASB opens portal for post-implementation reviews of standards

Post-implementation reviews enable FASB to identify and deal with any areas for improvement stemming from either adoption or implementation of a standard.

FASB opens portal for post-implementation reviews of standards


COVID-19 pandemic reinforces benefits of outsourced accounting

Outsourced accounting is among the options business leaders should carefully consider in these unprecedented times.

COVID-19 pandemic reinforces benefits of outsourced accounting


Trump fires back at Manhattan D.A.’s hint of a fraud investigation

President Donald Trump urged a judge to block a New York grand jury from reviewing his tax filings and disputed a suggestion by Manhattan District Attorney Cyrus Vance Jr. that the panel may be looking into bank and insurance fraud at the Trump Organization.

Trump fires back at Manhattan D.A.’s hint of a fraud investigation


AICPA announces 2020-21 Legacy Scholars

The American Institute of CPAs granted $764,500 in academic scholarships to 150 students as part of its annual program for future CPAs.

AICPA announces 2020-21 Legacy Scholars


China securities regulator sends new proposal on U.S. audits

China’s securities regulator said it has sent U.S. authorities a fresh proposal about co-auditing Chinese firms, days after Washington moved to tighten rules for stock listings from the Asian nation.

China securities regulator sends new proposal on U.S. audits


Trump says he’s ‘seriously’ mulling a capital gains tax cut

President Donald Trump said he’s “very seriously” considering a capital gains tax cut, a move he decided against last September after saying it wouldn’t do enough to help the middle class.

Trump says he’s ‘seriously’ mulling a capital gains tax cut


Non-filers, fraud are priorities for IRS SB/SE

In its first-ever annual report, the division shared its major focuses and top initiatives from FY 2019.

Non-filers, fraud are priorities for IRS SB/SE


PwC expands corporate managed tax services in response to coronavirus

PricewaterhouseCoopers has been building its managed tax services business since 2017, but now it sees an opportunity to help companies who are dealing with COVID-19.

PwC expands corporate managed tax services in response to coronavirus


Tech news: Center debuts new corporate card and QBO Connector, and more

Rollio raises $2.7M for CRM data entry app, Avii updates Audit Procedures in Workspace platform.

Tech news: Center debuts new corporate card and QBO Connector, and more


Georgia man indicted for bomb threat to IRS office

A man from St. Simons Island, Georgia, has been indicted for threatening to use a pipe bomb on an Internal Revenue Service building in New York.

Georgia man indicted for bomb threat to IRS office