Content by Jason Bramwell

on 12/12/14
Audit failures linked to execution, not process problemsAudits fail not so often because the firm’s process was flawed, but because individual auditors or engagement teams fail...
on 12/11/14
KPMG fiscal year global revenue rose 6%KPMG had global revenue of $24.8 billion in its latest fiscal year ended Sept. 30, up 6 percent in US dollar terms from the year before, wrote...
on 12/10/14
IG: IRS paid $6 billion in bogus child tax creditsThe IRS paid at least $6 billion in child tax credits in 2013 to people who weren't eligible to receive them, the Treasury...
on 12/08/14
Study: Accelerating the disclosure of corporate audit fees would be a boon for investorsA new study, Auditing: A Journal of Practice & Theory, published by the American...
on 12/05/14
New draft strategic plan for FAF, FASB, and GASBThe Financial Accounting Foundation (FAF) and the two standard-setting bodies it oversees, the Financial Accounting Standards Board (...
on 12/04/14
With tuition and fees totaling $10,000 for incoming out-of-state freshmen, Provo, Utah-based Brigham Young University offered the most affordable accounting program for undergraduate students this...
on 12/04/14
‘Unpatriotic loophole’ targeted by Obama costs taxpayers $2 billionZachary R. Mider of Bloomberg reported on Tuesday that US companies that have already carried...
on 12/03/14
Congress poised to reinstate some tax breaksSiobhan Hughes of the Wall Street Journal wrote on Tuesday that Congress looks set to avert a clash over tax policy with a...
on 12/02/14
Ideas for guidance on auditing estimates draw mixed reviewsThe Public Company Accounting Oversight Board (PCAOB) is getting mixed feedback on its initial ideas for revising guidance...
on 12/01/14
Gallup poll: Americans believe IRS has recovered from targeting scandalA recent Gallup poll shows that the public’s perception of the IRS has improved more than a year after...
on 11/26/14
Small business owners push for online sales tax billSmall business owners called out congressional Republicans on Tuesday for failing to back a proposal that would give states more...
on 11/25/14
Microsoft sues IRS for details of probe on internal transactionsDan Levine of Reuters reported that Microsoft sued the IRS on Monday, seeking information about a law firm...
on 11/24/14
Four Republicans land coveted Ways and Means slotsFour GOP lawmakers – Reps. George Holding (NC), Pat Meehan (PA), Kristi Noem (SD), and Jason Smith (MO) – are joining...
on 11/21/14
Internal auditors’ job satisfaction higher with incentive pay, survey findsKen Tysiac of the Journal of Accountancy wrote on Tuesday that internal auditors who receive...
on 11/20/14
Effective management accounting practices can improve decision-making in organizations through, among other things, future-focused insight and analysis. But, according to the American Institute of...
on 11/20/14
Smaller companies slow to adopt new rules for internal controlsSmaller companies are not keeping up with larger rivals in adopting new internal controls as the Dec. 15 deadline...
on 11/19/14
Ryan to chair tax panel, a possible 2016 platformHouse Republican leaders chose Rep. Paul Ryan (R-WI) on Tuesday to head the powerful House Ways and Means Committee for the next two...
on 11/18/14
Foreign filers and XBRL reporting requirementsIn a recent blog for research firm Audit Analytics, Liam Sullivan noted that as of June 15, 2011, all US Securities and Exchange...
on 11/17/14
Hertz to restate results, cut costs as pressure mountsHertz Global Holdings Inc., under shareholder pressure to hire a permanent top executive, said it will revise financial...
on 11/14/14
Auditor independence is the CFO’s responsibility, tooWhat should a CFO do if an auditor independence violation has occurred? Who should she or he discuss this matter with? What...

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