Goodwill impairment on the rise
The total amount of goodwill impairment recorded by U.S. public companies climbed 23 percent last year, reaching $35.1 billion.
The total amount of goodwill impairment recorded by U.S. public companies climbed 23 percent last year, reaching $35.1 billion.
Section 404(b) of the Sarbanes-Oxley Act of 2002, which requires public companies to undergo annual audits of the adequacy of their internal controls over financial reporting, appears to be supported by investors who want newly acquired companies to be audited as well, according to a new study.
The good news is that under the Tax Cuts and Jobs Act, QLI is superseded by QIP.
From tax reform to Wayfair, to a new direction for audit and the ongoing impact of technology, here are some of the developments that shaped the profession over the past 12 months.
The Treasury Inspector General for Tax Administration released a report on the results of this past filing season.
A new TIGTA report finds the agency isn’t making sure companies are eligible to claim the R&D credit or are claiming the correct amount.
The Institute of Internal Auditors is beginning to re-evaluate the “Three Lines of Defense” model that has been around for more than two decades.
The redesigned form is not exactly postcard size, but it reflects changes under the Tax Cuts and Jobs Act that promise to simplify the tax prep process.
The traditional talk that CPAs have with their clients has been upended thanks to the Tax Cuts and Jobs Act.
The payroll app has been thoroughly vetted and tested with Xero’s software and customers.