Firms giving back: Sax honors nonprofits

A collection of firms’ recent philanthropic efforts.


IIA updates certification exam for internal auditors

The Institute of Internal Auditors is updating its Certified Internal Auditor exam with more content on subjects such as cybersecurity and information technology.


FASB proposes income tax accounting fixes for new tax law

The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help organizations reclassify some of the stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act that President Trump signed into law last month.


Hong Kong targets tighter scrutiny of listed companies’ auditors

Hong Kong, which has faced a slew of criticism on company financial reporting, is set to create a new framework to oversee auditors of listed entities in the city.


Firms on the move: Rodman CPAs hosts solar roundtable

Baker Tilly grants wishes with new nonprofit campaign; Bennett Thrasher adds tax controversy practice; and more news from CPA offices across the country.


Xero Americas names winners of 2017 partner awards

Both firms and software providers were recognized for their use of Xero in elevating client services.


Banks brace for CECL standard

Financial institutions are getting ready for the Financial Accounting Standards Board’s new credit loss standard, though some are dragging their heels, even as the effective date approaches.


The case for payment automation

Why do businesses still make so many payments by paper check, even as technology has made checks nearly obsolete in the consumer world?


Cuomo proposal targets carried interest tax loophole in N.Y.

New York Governor Andrew Cuomo announced plans Thursday to target a tax break for investment fund managers in his state.


Apple’s $38B U.S. taxes leave EU nemesis unmoved

European Union regulators reacted coolly to Apple Inc.’s move to repatriate hundreds of billions of overseas dollars to the U.S., saying “nothing has changed” in its order for the iPhone maker to pay back taxes to Ireland.