The Latest

Check out the digital edition of the December 2014 issue of Accounting Today.

The Securities and Exchange Commission sanctioned eight audit firms for violating auditor independence rules and the Public Company Accounting Oversight Board announced settled disciplinary orders Monday against seven other audit firms for violating independence rules in audits of broker-dealers.

Last Tuesday, Pace University won the 11th annual national College Federal Reserve Challenge in Washington D.C. - a competition that tests students’ understanding of the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The Challenge was the culmination of five district competitions held around the country.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Some of our favorite recent tax fraud cases.

Cloud-based document management provider LedgerDocs has launched an integration with QuickBooks Online, allowing users to create transactions from documents posted directly to QBO.

TSheets and Cougar Mountain Software announced a planned integration of the former’s Time Tracking system with the latter’s Denali Payroll Accounting system.

The Public Company Accounting Oversight Board is finding that the push toward mandatory audit firm retendering and rotation is leading to lower audit fees in Europe, sparking audit quality concerns.

For some accountants, tax and audit services are attractive for the recurring revenue streams and steady client base they provide.

M&A volume is expected to be significantly higher than in recent years, according to a new survey, with 82 percent pursuing deals in 2015 vs. 63 percent in 2014.