FloQast adds Strict Tie-Out Mode to internal controls software

The addition to the close management software company’s Strict Suite Controls product provides a software framework for internal controls.


Donor-advised fund grants exceed $19B

Grants from donor-advised funds to charities grew 19.9 percent last year, thanks to the new tax law.


PCAOB OKs five-year strategic plan and 2019 budget

The Public Company Accounting Oversight Board, with a new set of board members this year, approved a strategic plan for 2018-2022 on Thursday, along with a fiscal year 2018 budget.


M&A roundup: Deals in Illinois, Rhode Island and Tennessee

Selden Fox merges in Richard T. DeSimone & Co.; Sansiveri, Kimball & Co., LLP adds John W. Clegg & Company; and HHM CPAs acquires Grisham, Wildman & Work.


Tax Fraud Blotter: Bad ODOG

Walls of straw; fuel for fraud; silver and gold and evasion; and other highlights of recent tax cases.


FASB tweaks credit losses standard

The update makes narrow improvements to the credit losses standard, including the transition requirements.


Firms giving back: RSM US donates over $2.8M via 'Birdies Fore Love'

Katz, Sapper & Miller also held its ninth annual Day of Service.


Dead Colombian auditor in bribery case sought U.S. protection

Colombia’s bribery saga — in which a key witness and his son both suddenly died in the past week — has taken another turn.


Samsung arm faces criminal probe after breaking accounting rules

Samsung Group’s biotechnology unit is facing a potential criminal investigation and delisting after South Korea’s financial regulator said that the company “intentionally” violated accounting rules surrounding an initial public offering.


Tempted to expense a strip club as a work dinner? AI is watching

One employee traveling for work checked his dog into a kennel and billed it to his boss as a hotel expense.