Monitoring Group proposes changes to int'l auditing and ethics standard-setting

IFAC, the IAASB and IESBA will remain involved in setting standards, but with changes in governance and composition.

Monitoring Group proposes changes to int'l auditing and ethics standard-setting


Xero announces recipients of inaugural 'Forward Fund'

Three students, as well as their nominating firms, will receive $10,000 each for representing the “next generation of accountants.”

Xero announces recipients of inaugural 'Forward Fund'


Avoiding tax services from audit firms proves initially costly for companies

Companies that don’t receive tax services from their auditing firms to avoid compromising auditor independence could end up paying more in taxes, at least temporarily, according to a new academic study.

Avoiding tax services from audit firms proves initially costly for companies


Advising clients hiring household help during the coronavirus pandemic

Here’s what CPAs and their clients need to know when hiring an employee.

Advising clients hiring household help during the coronavirus pandemic


The IRS is ‘back to its new normal’

NCCPAP’s Stephen Mankowski offers an update on how the service is handling the pandemic.

The IRS is ‘back to its new normal’


PCAOB announces 2020-21 scholarship recipients

The Public Company Accounting Oversight Board announced that 234 U.S. accounting students were selected to receive $10,000 scholarships.

PCAOB announces 2020-21 scholarship recipients


Big Four urged to challenge clients as audit quality slides in U.K.

The dominant accounting firms must do a better job of challenging their clients in order to reach a satisfactory level of audit quality, the industry’s U.K. watchdog said.

Big Four urged to challenge clients as audit quality slides in U.K.


EU open to prolonged digital tax talks to avoid trade war

The European Union may delay digital tax proposals to give countries move time to hammer out a deal and avert a transatlantic trade war, a top official from the bloc said.

EU open to prolonged digital tax talks to avoid trade war


IRS victories in conservation easement cases spurs interest in settlement offers

The Tax Court struck down four more abusive syndicated conservation easement transactions last week, prompting the IRS to call on any taxpayer involved in such transactions who receives a settlement offer from the Service to accept it soon.

IRS victories in conservation easement cases spurs interest in settlement offers


Int'l task force sees success in cracking down on tax crimes

A group of five national tax authorities has been working together for the past two years on cooperating in the fight against tax crimes, with one man pleading guilty last week in Germany to fraud charges involving cryptocurrency.

Int'l task force sees success in cracking down on tax crimes