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.
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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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.
Firm Management
CLA Global Names Paul English as CEO
He succeeds Sancho Simmonds and Joseph Kask, who have co-lead CLA Global since the network was formed in 2022.
Firm Management
Cohen & Co. Admits 7 to Partnership
The top 50 firm announced its new partner class for 2024 on June 6, as well as two new members of its board of managers.
Firm Management
Finding Qualified Staff Is the Top Issue Facing Most CPA Firms In 2024
The AICPA revealed topline results of the PCPS CPA Firm Top Issues Survey during a Town Hall at ENGAGE 2024 this week.
Taxes
Companies Undertake More Aggressive Tax Positions When IRS Budget is Cut
An academic study tried to identify the correlation between corporate tax positions and the projected IRS budget for the following year.
Accounting
CPA Business Execs Feel Less Optimistic About the Economy
After feeling extremely optimistic about the U.S. economy in Q1, that sentiment fell in Q2 due to a variety of factors, the AIPCA said.