A crook named Kusok; more holes than a Swiss cheese; anti-social media; and other highlights of recent tax cases. New York: International fugitive Anton Bogdanov, a citizen of Russia, has been sentenced to five years in prison for wire fraud conspiracy and computer intrusions in connection with a scheme in
The Internal Revenue Service disbursed more than 1.8 million additional Economic Impact Payments totaling over $3.5 billion under the American Rescue Plan in the past two weeks. The IRS and the Treasury said Wednesday they have disbursed nearly 167 million payments so far, with a total value of approximately $391
The Securities and Exchange Commission wants input from accountants on rules it is developing for disclosing climate risks and environmental, social and governance reporting. SEC commissioner and former acting chair Allison Herren Lee asked for feedback Monday during a webcast co-hosted by the Center for Audit Quality, the American Institute
Continuing education courses can sometimes put accountants and tax professionals to sleep, but a new breed of e-learning is making the process more enjoyable and engaging. Accounting and tax education provider Surgent recently added a course known as Red Flag Mania to its Surgent IQ online learning center. The game-based
A sizable chunk of private companies still aren’t ready to implement the new lease accounting standard before the end of the year, despite postponements in the deadline due to the pandemic. Nearly one-fifth (19.8%) of executives at privately held organizations feel unprepared to comply with the Financial Accounting Standards Board’s
Auditors are taking advantage of the remote auditing capabilities they used during the pandemic to do more types of audits and expand priorities like fraud detection and cybersecurity. The COVID-19 pandemic has forced many audit firms and internal audit departments to operate remotely, but now as more parts of the
RSM US announced that the fourth class of its Industry Eminence Program has begun. Launched in 2018 by RSM US chief economist Joe Brusuelas and deputy chief economist and national Industry Eminence Program leader Kevin Depew, the Eminence Program looks to educate candidates on a range of economic, business and
Shujinko, which makes automated enterprise compliance solutions, has made its SOC 2 audit preparation and readiness portion of its AuditX software available for free. The software automates evidence collection and mapping to simplify the audit preparation process. AuditX works across multiple audits and compliance frameworks so auditors and companies can
The U,S, Small Business Administration is urging food and beverage establishments to submit their applications for the Restaurant Revitalization Fund by next Monday. The deadline for applications is May 24 at 8 p.m. ET. The program, which opened May 1, was included as part of the American Rescue Plan Act.
BlackLine, which makes accounting automation software for the monthly close, has released a new solution, BlackLine AR Intelligence. Powered by artificial intelligence, the new accounts receivable software uses real-time data and analytics to help controllers understand their customers’ financial behavior, and to use the information to inform strategic decision-making. “Now
