Audit problems on the decline worldwide

Auditing quality seems to be improving somewhat internationally, although there’s still a lack of consistency, according to a new report.


Rubio’s corporate investment plan could make him popular on left

The Republican senator is on a crusade to compel corporations to prioritize long-term growth over quarterly profits.


Health care, student loan forgiveness among graduates' top desires

A poll conducted on behalf of the American Institute of CPAs found that young job seekers consider student loan reimbursement to be a bigger concern than retirement.


The case for standardized, audited ESG reporting

It’s time to treat environmental, social and governance metrics with the same rigor as financial metrics.


AICPA suggests changes in IRS rules for transportation fringe benefits

The American Institute of CPAs has sent the Internal Revenue Service a set of recommendations on changing some of the parking rules for tax breaks for transportation fringe benefits, which the Tax Cuts and Jobs Act mostly eliminated.


IRS estimates over a quarter of EITC payments were improper

About $18.4 billion in bad payments were made on the refundable credit in 2018.


BDO acquires AC Lordi

BDO USA LLP has acquired AC Lordi, a management consulting firm based in Philadelphia, adding 100 professionals to BDO’s offices in the Philly area, effective June 1.


Accountants are ready for a cultural shift

A new survey shows that business is booming, firms are recognizing the benefits of non-traditional hiring, and the attitude toward tech has moved from fear to anticipation.


FASB offers fair value option to ease CECL transition

The Financial Accounting Standards Board is giving banks some leeway in applying the new credit losses standard.


Mnuchin foresees Trump tax return fight heading to court

Treasury Secretary Steven Mnuchin indicated he would refuse a subpoena for President Donald Trump’s tax returns, saying that the dispute between Congress and the administration will likely end up in court.