AICPA offers guidance on CECL standard

The American Institute of CPAs’ Financial Reporting Executive Committee, also known as FinREC, has posted a pair of working drafts on how accountants can deal with two issues related to the Current Expected Credit Loss standard that will be taking effect at the end of next year.


Firms on the move: Crowe pledges 75K volunteer hours

EisnerAmper, RSM and Whitley Penn relocate; KPMG celebrates construction of new learning center; and more news from CPA offices across the country.


It’s a great time to be a prison landlord, thanks to the IRS

Private-prison companies keep winning, and they have U.S. taxpayers to thank.


People on the move: KPMG appoints chief diversity officer

RSM hires head of talent acquisition; Grant Thornton expands enterprise technology and solutions practice; and other recent hires, promotions and personnel news from firms across the country.


Ernst & Young to spend extra $1B on cloud, new technology

Financial-services firm Ernst & Young LLP is spending an extra $1 billion on new technology, including artificial intelligence and shifting platforms to the cloud.


AICPA names 2018 Distinguished Achievement in Accounting Education Award winner

Miklos Vasarhelyi, a professor of accounting at Rutgers University, was recognized for his achievements in teaching audit technology.


Tax Fraud Blotter: Misadventure capital

Nominees down under; 22 years of inaccurate returns; shell games; and other highlights of recent tax cases.


PCAOB drafts 5-year strategic plan

The Public Company Accounting Oversight Board has released a draft version of its five-year strategic plan and is asking for public comment on its areas of focus, with a slate of fresh new board members this year and an overhaul of some of its top staff.


KPMG marks milestone in construction of learning center

The firm hosted a ceremony honoring the construction crew and designers as the final beam was placed atop the structure.


SCOTUS online sales tax ruling: A threat to small businesses?

The U.S. Supreme Court’s decision will have far-reaching implications for domestic companies, unless states and policy makers act to reduce the compliance burden.