Digital Currency

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November 12, 2017 

The Classification of Bitcoin and Cryptocurrency by the IRS

IRS guidance is silent on which section of the tax code cryptocurrency falls into. For instance, IRC §1031 allows for the like-kind exchange of certain property. §1031 exchanges typically are done with real estate or business assets. However, with the ...

 New Cryptocurrency Accounting and Audit Platform Launched

October 31, 2017 

New Cryptocurrency Accounting and Audit Platform Launched

Verady has been working closely with Aprio over the past several years to assist with auditing one of the world's largest cryptocurrency payment processing companies. Today, Verady officially launched the platform that made all of this possible, VeraNet.

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October 31, 2017 

The Top 10 Nastiest Ransomware Attacks of 2017

According to the company's threat research team, NotPetya was the most destructive ransomware of 2017, followed closely by WannaCry and Locky. The data surveyed includes all devices running windows operating systems that were infected with ransomware ...

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October 24, 2017 

Eric Hansen Elected Next Chair of AICPA

Eric Hansen, chief operating officer of BKD CPAs & Advisors, will be the next chair of the American Institute of CPAs, the world’s largest member organization representing the CPA profession.

 AICPA Collaborates on Blockchain

October 23, 2017 

AICPA Collaborates on Blockchain

As part of this collaboration, the AICPA will administer the WSBA’s working group on tax and accounting, a focal point for advocacy and education on blockchain adoption within the profession. Other existing WSBA working groups include research and ...

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September 23, 2017 

CFOs Less Optimistic on Economy

After two strong quarters to start 2017, CFOs’ assessments of the current status of the North American economy remain high in the third quarter, with 64 percent saying current conditions are good compared with 65 percent last quarter.

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September 21, 2017 

September 2017 Accounting & Audit Channel

The relentless advance of technology. You are aware of it. Whether you are boomer, a millennial, or even Gen Z (some call them the “iGeneration”). We can’t deny it. We live in a time of technological marvels. And the velocity of development related to ...

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September 19, 2017 

CPA Tomorrowland

This is a tantalizing brave new world for younger accountants who like the idea of turning their penchant for number-crunching into a sexier profession, but what about those who are, ahem, reaching their golden age? It kind of sounds like rather than ...

Gail Perry

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