Content by Jason Bramwell

on 10/03/14
One national body for Canada’s accounting professionOct. 1 was a historic day for the Canadian accounting profession, as more than 190,000 members are now represented by a...
on 10/02/14
A new survey released on Thursday by the Financial Executives Research Foundation (FERF) found that public companies paid an average of $7.1 million in audit fees last year, an increase of 4.5...
on 10/02/14
British financial watchdog to investigate Tesco accounting scandalBritain’s financial watchdog, the Financial Conduct Authority (FCA), has launched a full investigation into...
on 10/01/14
2014 has marked the fifth consecutive year in which the percentage of US-based internal auditors who earned bigger paychecks increased, according to a new study from the Institute of Internal...
on 10/01/14
A new survey from online accounting software provider Xero found that nearly 90 percent of small businesses are forecasting an increase in revenues next year, while 21 percent are expecting growth of...
on 10/01/14
Drug patents held overseas can pare makers’ tax billsAs the Obama administration tries to stop companies from avoiding taxes by moving their headquarters overseas, the makers...
on 09/30/14
Starting in October, the IRS will send warning letters to tax return preparers who appear not to be complying with Earned Income Tax Credit (EITC) due diligence requirements.Section 6695(g) of the...
on 09/30/14
BKD LLP adds Illinois accounting firm Wolf & Co.Springfield, Missouri-based CPA and advisory firm BKD LLP and Chicago-based accounting firm Wolf & Co. have agreed to merge,...
on 09/29/14
A new government report on Monday found that the IRS may not be completing the required research steps in collecting delinquent taxes before considering the cases “not collectible.”The...
on 09/29/14
A new report from global consulting and outsourcing company Accenture PLC found that internal complexity is the most significant challenge CFOs of large companies are currently encountering.The top...
on 09/29/14
Ernst & Young fiscal-year revenue rises 6% to $27.4 billionMichael Rapoport of the Wall Street Journal reported late Thursday that Ernst & Young's (EY) global...
on 09/26/14
TIGTA recommends improvements to selection of problematic paid preparers for further enforcement actionsThe IRS could improve its selection of problematic paid tax return preparers...
on 09/25/14
AICPA expresses concerns to IRS about electronic signature standards for “remote transactions”In a Sept. 24 letter to the IRS, the American Institute of CPAs (AICPA)...
on 09/24/14
A new report from financial services consulting firm Mercer LLC found that the median total direct compensation for CFOs at S&P 500 companies increased by 7 percent last year to $3.13 million....
on 09/24/14
Scammers posing as the IRS are trying to solicit foreign financial institutions for account-holder identity and financial account information under the Foreign Account Tax Compliance Act (FATCA), the...
on 09/24/14
SASB issues provisional sustainability accounting standards for transportation industriesThe Sustainability Accounting Standards Board (SASB), a 501(c)3 not-for-profit organization...
on 09/23/14
CFOs and management accountants are playing an ever-increasing role in supporting the adoption of natural capital accounting in their organizations, according to a recent report.Natural capital...
on 09/23/14
Tesco says it overstated profit forecastStanley Reed of the New York Times reported that Tesco, the large British grocery retailer, disclosed on Monday that it had...
on 09/22/14
The Public Company Accounting Oversight Board (PCAOB) on Monday reminded auditors that they should continue adhering to the board’s existing standards when considering an organization’s...
on 09/22/14
The IRS has announced the special per diem rates for 2014-15 that taxpayers can use for substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home....

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