KPMG South Africa apologizes for scandals, seeks second chance

The auditor that shed clients and staff hopes to reestablish its business in the country.


IRS gives tax guidance on parking expenses to nonprofits

Changes in the Tax Cuts and Jobs Act impose new taxes on groups like churches and charities that offer free parking to clergy and employees.


Art of Accounting: Authors panel

The Accountants Club of America hosted an event where social media and other subjects were discussed by accounting writers.


FASB revises leasing standard for lessors

The update aims to reduce the costs of implementing and applying the new lease-reporting rules


SEC chiefs stress central role of auditors

Outgoing CAQ chief Cindy Fornelli also shared her plans for retirement.


IRS softens blow after tax law cut nonprofit employee perks

Last year’s tax overhaul imposes a tax on some coveted benefits for workers at tax-exempt organizations.


Asgeirsson: When trust and insight converge

Technology is creating a future where assurance and advisory go hand in hand, the CPA.com chief says.


Verizon admits defeat with $4.6B AOL-Yahoo writedown

Verizon Communications Inc. is conceding defeat on its crusade to turn a patchwork of dot-com-era businesses into a thriving online operation.


House Republicans retool year-end tax legislation

The lame-duck package has been scaled back as the congressional term nears an end.


A new generation of accounting firms

Moving into new service areas will require an updated set of skills.