AICPA issues standard for audits of exempt securities

The American Institute of CPAs has released a new standard that provides guidance to auditors about their responsibilities when auditing securities exempt from registration under the Securities Act of 1933 and franchise offerings known as exempt offerings.


Individual tax reform may take ‘two or more years,’ says BofA

The sweeping changes the Trump administration hopes to make to individual taxes will likely be a long time coming, Bank of America Merrill Lynch’s municipal research strategy team led by Philip Fischer writes in a report.


Diversity: It’s (past) time to step it up

Indiana CPA Society CEO and president Gary Bolinger on the necessity of a more inclusive profession.


Senate sets up slew of health votes for chaotic Obamacare debate

Senate Republicans have embarked on an unpredictable and potentially chaotic floor debate aimed at repealing Obamacare amid significant doubts that they can muster 50 votes to pass any kind of health bill.


Sage buys Intacct for $850M

The deal gives Sage its long-desired breakthrough in the U.S. market.


4 elements every accounting firm website must have

Without these four, a firm is likely to squander opportunities to gain new clients, impede its client retention efforts, and diminish its brand authority.


IRS sees increase in identity theft on business tax returns and data breaches at preparer offices

The Internal Revenue Service held a meeting of its Security Summit partners Tuesday in Dallas and reported on progress in battling identity theft tied to tax refund fraud, along with some setbacks.


ACCA and IMA find accountants losing business confidence

Business confidence in the U.S. declined in the second quarter and is now at its lowest level since the fourth quarter of 2016, according to a new report from the Association of Chartered Certified Accountants and the Institute of Management Accountants based on a survey of accountants.


Senate GOP to roll the dice on health vote at Trump’s urging

Senate Republican leaders and President Donald Trump appear determined to begin a floor debate Tuesday on repealing Obamacare in a highly unorthodox way—without lawmakers knowing what they’ll be voting on or where it might end up.


Deloitte pledges $1M towards accounting education

The Big Four firm will further support seminars for PhD candidates and educators.