The Latest

When considering the many paths that professionals take to get to the role of a CPA or industry professional, a military background may rank as one of the unlikeliest. However, that’s exactly where LT Gabrielle Groom of Padgett, Stratemann & Co., in Austin, TX, originated from before transitioning over to her accounting career.

Companies are taking steps to prepare for a reputational crisis by employing an internal audit function, but less than half the board members polled in a new survey feel they are “well-versed” in the issues.

Go to any accounting conference and you will immediately hear people claiming a 15+ percent increase in revenues through the implementation of a new service. Talk to any vendor looking to sell a product and they will claim success stories whereby their product led to 25 percent growth in a firm for four years straight.And then a light bulb went off in my head. These people are scrounging out the 3 percent increases that I am seeing. They haven’t doubled in size, they haven’t found the secret sauce, they are tooting their own horns because it feels good when others think highly of them.

The Association of Chartered Certified Accountants and the Institute of Management Accountants have released a new report on how accountants can play a key role in the trend toward integrated reporting.

The financial information company Sageworks has entered into a strategic partnership with IndustryNewsletters, an email marketing company for accounting firms and other professional service firms.

Doeren Mayhew has merged in Adler & Company, P.C., a CPA firm in Farmington Hills, Mich.

The AICPA announced on Wednesday that their Legacy Scholarship application is now available for the 2016-2017 academic year. The scholarships look to help students with their college tuition and encourage them to create and execute special on-campus events promoting the accounting profession.

European Union lawmakers said governments that give multibillion-euro tax subsidies to big companies shouldn’t get to pocket the money themselves if regulators order them to claw back illegal state aid.

The Treasury Inspector General for Tax Administration is urging taxpayers and practitioners to be on “high alert” about a massive telephone fraud scam being committed by criminals impersonating Internal Revenue Service employees.

Paychex has compiled a list of what the payroll giant considers to be the top 10 regulatory issues that will have the biggest impact on businesses this year.