IFRS Foundation appoints Erkki Liikanen as chair

Erkki Liikanen, a former governor of the Finnish Central Bank, has been named chair of the IFRS Foundation trustees, the group that oversees the International Accounting Standards Board and the International Financial Reporting Standards they develop.


Mentioning trade secrets in a 10-K heightens cyberattack risk

Companies that refer to trade secrets in their Form 10-K annual reports are at greater risk of cyberattacks from criminals who are intent on uncovering them, according to a team of accounting researchers.


New Jersey CPAs criticize state budget

More than 75 percent of CPAs in New Jersey say the Garden State’s recently enacted budget would have a negative impact on the economy, according to a new survey by the New Jersey Society of CPAs.


CalCPA grows to 45,000 members

The California Society of CPAs marked a milestone Monday, with chairman Lewis Sharpstone saying the organization now has 45,000 members, making it the biggest state CPA society in the country.


10 things accounting grads should know

Wise advice for those just entering the profession, from Berkowitz Pollack Brant’s Richard Berkowitz.


Axiom releases system for identifying embedded leases in contracts

Axiom, a provider of legal contract technology, has introduced the Contracts Intelligence Platform for Lease Accounting to help organizations uncover embedded leases that are subject to the new lease accounting standard.


Wilbur Ross could face hefty tax bill after pledge to sell stock

U.S. Commerce Secretary Wilbur Ross’s decision to sell his remaining equity holdings could save him from future run-ins with the government’s top ethics watchdog. But it could also set him up with a sizable tax bill.


House set to roll back finance rules in rare bipartisan move

Jeb Hensarling and Maxine Waters don’t agree on much but they’ve reached a compromise on a plan for dialing back financial rules that is poised to pass the U.S. House this week.


Many political tax-exempts no longer required to report donors

Many tax-exempt groups that participate in politics will no longer be required to disclose their donors to the Internal Revenue Service, the Treasury Department said.


Four states claim federal tax-deduction cap infringes rights

Four Democratic-led northeastern states sued the Trump administration to invalidate the new $10,000 cap on the federal tax deduction for state and local taxes.