Firm Management
Dennis Duncan and Torchon Formed After Accounting Firms Merge
This new CPA firm in California is the result of a union between Torchon and Associates and Dennis Duncan and Covington.
Jason Bramwell
Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
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Auditing
PCAOB Adopts New Rules for Auditors on Technology-Aided Analysis
The revised rules provide detail and clarity for auditors when performing procedures using technology-assisted analysis.
Taxes
IRS Plans to Stop Basis Shifting Transactions
Cracking down on this tax loophole used by the wealthy could raise more than $50 billion in revenue over 10 years, Treasury said June 17.
IRS
IRS Updates Careers Site to Attract Job Seekers
The website now provides a comprehensive landing spot for candidates to find everything they need to pursue a career at the IRS.
Auditing
PCAOB Looks to Clarify Auditing Rules on Substantive Analytical Procedures
The proposal issued by the board June 12 would replace an interim standard that hasn't changed significantly since 1989.
Auditing
PCAOB OKs Tougher Rules on Auditor Negligence
Individuals face possible sanctions when they negligently, directly, and substantially cause their firm to break PCAOB rules.
Taxes
BDO Survey: Election Year Fosters Concerns for Tax Leaders
Changes to certain Inflation Reduction Act renewable credits, as well as to federal corporate tax rates, are among their concerns.
Accounting
EY to Invest $1 Billion in Effort to Attract New Accountants
The firm said the investment includes a boost in compensation for entry-level accountants as well as other tech-related initiatives.
PCAOB
Erica Williams Gets Second Term as PCAOB Chair
Williams, who was sworn in as PCAOB chair in January 2022, will begin her second term on Oct. 25, lasting through Oct. 24, 2029.
Payroll
Small Businesses Increased Hiring for Fourth Consecutive Month, CBIZ Index Shows
The Small Business Employment Index from top 15 accounting firm CBIZ reported hiring gains in every region in the U.S. last month.
Accounting
Here Are the 40 Elijah Watt Sells Award Winners for 2023
Forty out of more than 86,000 candidates who sat for the CPA exam last year were recently honored for their high scores.
Auditing
PCAOB Fines Florida-Based Firm L&L CPAs $75,000 for Auditing Blunders
The firm and three people were sanctioned for violations related to quality control, auditing failures, and missing Form AP deadlines.