As the FASB and the IASB continue to move away from full convergence of their standards, the prospects of international accounting rules being fully adopted in the US in the near future are growing less likely, according to a Fitch Ratings report.
The menu for July 9 features specials on Ways and Means pitches transportation measure, House likely to vote on bonus depreciation bill this week, IMA names new chairman of its Global Board of Directors, and more.
Qualification in Internal Audit Leadership, a new program designed to identify and support the next generation of leaders in the internal audit profession, was introduced on Tuesday by the Institute of Internal Auditors.
A report released by the Institute of Internal Auditors on Monday examined changing expectations from key internal audit stakeholders and zeroed in on five tactics chief audit executives can use to meet those expectations.
Summer wedding season is underway, but have you considered some of the tax issues that go along with tying the knot? If not, the IRS has provided the following five basic tips that can help keep those issues to a minimum.
The menu for July 7 features specials on PCAOB likely to vote on naming engagement partner proposal by year’s end, EU widens its tax inquiry of multinational firms, SEC final pay rules coming soon, and more.
The menu for July 3 features specials on lawmakers throw the book at tax scofflaws to raise revenue, states take lead on gas tax increases, GOP presses Justice to act on Lois Lerner contempt citation, and more.
The US Treasury Department said on July 1, the day FATCA went into effect, that nearly 100 jurisdictions and more than 80,000 financial institutions worldwide now have agreements with the United States to fight overseas tax evasion.
The menu for July 2 features specials on SEC bars accounting firm from auditing US-traded companies in China, True the Vote/IRS court hearing next week, tax strategy used by Illinois governor hopeful, and more.
According to a new policy unveiled by the agency on Tuesday, Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years. The ITIN will remain in effect as long as a taxpayer continues to file US tax returns.
The IRS on Monday issued final rules for its new Annual Filing Season Program, an initiative announced last week that will enable paid tax return preparers to voluntarily fulfill continuing education requirements and obtain a record of completion.
The menu for July 1 features specials on many states cut taxes as their fiscal years’ begin, PCAOB finds deficiencies in 19 of 59 PwC audits, challenge of Colorado’s sales tax law heads to Supreme Court, and more.
For the first time since 2006, more than 50 percent of CFOs believe the economy will show signs of improvement over a six-month span rather than remain the same or worsen, according to a new study from Grant Thornton LLP.
The menu for June 30 features specials on GOP Rep. Darrell Issa says Lois Lerner violated agency regulations and laws regarding emails, SEC suspends two KPMG auditors, AICPA launches new future of learning site, and more.
The menu for June 27 features specials on US/China agree to terms on FATCA pact, Big Four firms oppose Hong Kong protest, KPMG buys boutique investment bank, Deloitte names new CEO of audit practice, and more.