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Survey of Main Street Accountants Signals Turbulence for Small Businesses
Internal Audit as a Critical Component of ESG Strategy
Financial Cents Launches $9 per Month Practice Management Option
IRS Shares New Draft Version of Crypto Tax Form
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83% of Businesses May Be at Risk Due to Organizational and IT Factors
It is estimated that in 2017, more than $94 billion will be invested in security solutions, per industry analyst forecasts, yet nearly half of organizations report having had a breach either internal or external in the last twelve months.
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Nation Needs Tax Reform and IRS Reform, Says Taxpayer Advocate
In assessing the compliance burdens of the current tax code, the Taxpayer Advocate Service (TAS) analyzed IRS data and determined that individuals and businesses spend about six billion hours a year complying with the code’s filing requirements ...
New Accounting Credential for Entity and Intangible Valuations
The AICPA, the American Society of Appraisers (ASA) and RICS (Royal Institution of Chartered Surveyors) are offering a new credential that will enhance the quality, consistency and transparency of fair value measurement results in financial reporting.
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New Rule to Require Disclosure of Audit Engagement Partners
A regulation to be implemented January 31 in the U.S. requiring accounting firms to identify the principal engagement partner in corporate audits should be a solid plus for investors and regulators, a new study suggests.
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Report Helps Auditors Avoid Common Practice Pitfalls
This report comes on the heels of the release of the latest AICPA peer review findings, which were identified during peer reviews of firms that perform audit and attest engagements. The focus of peer reviews is to assess and improve audit quality and ...
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Major Changes Coming for Payment Methods in 2017
Traditional ACH payments are conducted over a wire transfer and take anywhere between one and two working days to clear – a manual, costly and time consuming process unpractical for smaller payments. In 2016 NACHA launched the first phase of Same Day ...
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Accounting Leaders Will Meet to Discuss and Shape Future Trends
Hosted by CPA Practice Advisor, the annual event gathers brings these thought leaders together to discuss emerging trends, technologies and workflow practices that will influence the profession, professionals and clients in the years to come.
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Risk Management Top Concern for Audit Committees
Overall, audit committees are largely satisfied that their agendas are properly focused on legal and regulatory compliance issues, maintaining internal controls over financial reporting, and key assumptions underlying critical accounting estimates.