Content by Jason Bramwell

on 07/15/14
The Financial Accounting Standards Board (FASB) proposed new accounting guidance on Tuesday that would remove requirements for extraordinary items from US Generally Accepted Accounting Principles (...
on 07/15/14
A former California tax preparer was sentenced to 18 months in prison on Monday for filing dozens of false tax returns with the IRS.Rene R. Lopez, 61, the former operator of Lopez & Associates...
on 07/15/14
Ernst & Young to pay fine in lobbying caseFloyd Norris reported on Monday for New York Times DealBook that Ernst & Young (EY) agreed to pay more than $4 million to...
on 07/14/14
Britain gets tougher on foreign takeoversThe UK government said over the weekend it would stiffen laws governing foreign takeovers of British companies, potentially raising new...
on 07/11/14
IRS must take oath on Lerner emails: judgeMackenzie Weinger of Politico reported on Thursday that a federal judge ordered the IRS to explain under oath how it lost emails...
on 07/11/14
The Republican-controlled House of Representatives passed a bill on Friday morning that would permanently extend the bonus depreciation tax break for businesses.The measure, HR 4718, which was...
on 07/10/14
The Republican-led House of Representatives is expected to pass a bill this week that would permanently extend the bonus depreciation tax break. But don’t expect President Obama to sign it.The...
on 07/10/14
Credit Suisse says pension assets at risk unless court delays sentencingJohn Letzing of the Wall Street Journal reported on Wednesday that Credit Suisse Group AG says its...
on 07/09/14
Starting in January 2015, the IRS will limit the number of refunds that are electronically deposited into a single financial account or pre-paid debit card to three, as part of the agency’s...
on 07/09/14
The prospect of International Financial Reporting Standards (IFRS) being fully adopted in the United States in the near future are growing less likely, as the Financial Accounting Standards Board (...
on 07/09/14
House proposes $10.5B, eight-month highway billThe House Ways and Means Committee proposed a transportation funding bill on Tuesday that calls for a temporary extension of current...
on 07/08/14
A new qualifications 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 (IIA).The...
on 07/08/14
Swiss banks threaten freeze on US accounts over tax evasionJames Shotter of the Financial Times reported on Monday that several Swiss banks have threatened to freeze...
on 07/07/14
In a challenging and ever-changing business climate, stakeholders are seeking – if not demanding – guidance from the internal audit profession to address strategic and emerging business...
on 07/07/14
Did you or are you planning to get married this summer? First, congratulations! Second, even though it may not be at the top of your summer wedding plan checklist, have you considered some of the tax...
on 07/07/14
PCAOB plans 2014 vote on naming engagement partnerTammy Whitehouse of Compliance Week wrote on July 3 that the Public Company Accounting Oversight Board (PCAOB) plans to...
on 07/03/14
Lawmakers turn to stealth tax measuresBrian Faler of Politico wrote on Wednesday that even though Congress may be deadlocked over tax increases, lawmakers are finding lots...
on 07/02/14
On the day the Foreign Account Tax Compliance Act (FATCA) went into effect, the US Treasury Department said nearly 100 jurisdictions and more than 80,000 financial institutions worldwide now have...
on 07/02/14
A new form introduced by the IRS on Tuesday is expected to help speed up the approval process for small charities and nonprofit groups that have applied for 501(c)(3) tax-exempt status.The new Form...
on 07/02/14
SEC bars firm from auditing US-traded companies based in ChinaThe US Securities and Exchange Commission (SEC) on Tuesday barred Rochester, New York-based accounting firm EFP...

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