PCAOB proposes new requirements for use of specialists and accounting estimates

The Public Company Accounting Oversight Board has issued a pair of new proposals: to strengthen its requirements for an auditor’s use of the work of specialists, and for auditing accounting estimates such as fair value measurements.


People on the move: EY appoints global AI leader

Sage appoints company veteran to EVP of partners, accountants and alliances; Cherry Bekaert promotes partner to MP; and other recent hires, promotions and personnel news from firms across the country.


Firms on the move: BDO ‘pies’ partners for charity

Bennett Thrasher hikes the Appalachian Trail; Clark Schaefer Hackett rebrands; and more news from CPA offices across the country.


Checks won’t be accepted anymore for some IRS rulings

Beginning June 15, taxpayers requesting letter rulings, closing agreements and certain other rulings from the IRS will need to make user fee payments electronically using the federal government’s Pay.gov system.


Tax Fraud Blotter: Mother of a scam

Deep trouble for Deepwater scam; $6K in false HSH income; and other highlights of recent tax cases.


‘Riding shotgun’ on clients’ financial plans

Even if you’re not serving as their financial planner, you’ll still want to keep an eye on your clients’ future strategies.


PCAOB makes major changes to auditor’s report

The new model includes discussion of ‘critical audit matters,’ the length of the auditor’s tenure, and new standardized language and formatting.


Manual processes lead to errors in IRS database

$4.5 billion in unpaid tax, penalties and interest due lurks in the Automated Non-Master File.


U.S. AGI rose in 2014, 2015, IRS reports

The Spring Statistics of Income Bulletin shows increases in income and tax returns filed.


The CAQ announces five academic grants for audit research

The Center for Audit Quality’s program has now funded over $600K in projects.