The Latest

The IRS needs stronger ways to prevent nonprofit groups from facing audits because of employees’ biases, the Government Accountability Office found in a report being issued Thursday.

As part of the CPA profession’s 6-Point Plan to Improve Audits, the AICPA will present a free webcast, “Drive Your Competitive Edge with Audit Quality,” on Thursday, July 30 from 1:00 to 3:00 p.m. ET.

Institutional investors are expressing a high level of dissatisfaction with the types of sustainability-related information they are getting from companies, according to a new survey from PricewaterhouseCoopers.

One of the more intriguing questions stemming from the Toshiba Corp. accounting scandal is this: Where was the whistleblower?

Toshiba Corp. issued almost 1 trillion yen ($8 billion) of stocks and bonds when it was inflating earnings statements, leaving the company exposed to possible regulatory fines and investor lawsuits.

Working with accounting professionals, a common challenge we often encounter is a CPA’s inability to secure an engagement and their frustration of not understanding why this happens. Analyzing these situations has led us to uncover that one of the main reasons for not securing an engagement is a fear of climbing!

Councilor, Buchanan & Mitchell (CBM), a full-service CPA and business advisory firm with offices in Bethesda, Maryland and Washington, DC, is partnering with the Housing Opportunity Community Partners (HOCP) again this year for their annual school supplies drive. This year, HOCP’s goal is to collect enough school supplies to support 2,000 low-income students throughout Montgomery County, Maryland.

The union representing Internal Revenue Service employees is denouncing a provision in the pending highway funding bill that would require the Treasury Secretary to contract with private collection agencies as an offset for some of the costs of extending funding for the Highway Trust Fund.

The International Accounting Standards Board confirmed Wednesday a one-year deferral of the effective date of the revenue recognition standard to stay in alignment with the Financial Standards Accounting Board, which also recently decided to defer the standard for companies in the U.S.

Tagetik announced enhancements to its corporate performance solution that simplify the consumption and analysis of financial information.