The Securities and Exchange Commission’s Investor Advisory Committee released a set of recommendations for reforming the way the Financial Accounting Standards Board operates so it can be more responsive to the needs of investors. “In recent years, investors have increasingly voiced concerns that accounting standard-setting has not kept pace with
Mazars USA delivered an initial set of documents related to the former president’s finances to the House Oversight Committee as part of a settlement.
The firm, commonly known as Ernst & Young, announced a plan to separate into two companies, one that does mainly auditing work and the other consulting and advisory work.
The recipe for the Farhat Accounting Lecture YouTube channel is simple: A PowerPoint deck, a professional voice, and some red notes highlighting the most complicated concepts. The videos cover a broad range of topics from auditing and income taxes to nonprofit accounting, but what the channel is most famous for
The economy gained 315,000 jobs last month, the U.S. Bureau of Labor Statistics reported Friday, although the unemployment rate inched up two-tenths of a point to 3.7%. One of the big winners was professional and business services, which gained 68,000 jobs in August, including 1,700 in accounting and bookkeeping services.
The Institute of Management Accountants has engaged the search firm Korn Ferry to help it identify its next leader with its president and CEO Jeff Thomson set to retire early next year. The IMA announced Monday that Thomson, who has been leading the organization since 2008, will be stepping down
“What now?” is a question many families are asking, especially those who began receiving expanded child tax credits at the federal level only to see them not be renewed by Congress at the end of last year. The short-term economic and societal benefits of the federal government’s expanded 2021 child
The agreement could prevent Chinese companies from having to depart U.S. stock exchanges, but U.S. officials remain wary of whether China will fulfill its terms.
A new Tax Court case, TC Memo 2022-72, 7/12/22, addresses the question: when are “deathbed gifts” considered to be complete for estate and gift tax purposes? Background: There are two powerful tax law provisions that can help most taxpayers completely avoid federal estate tax or, at the very least, cut it
Even after 12 years in the North American market, Xero still sees itself as a challenger brand and it begs the question, how different are they? In the 20 years I have covered the accounting profession and related technology, you realize that accounting platfoms are inherantly not all that different
