The Latest

The Information Systems Audit and Control Association has released the third edition of its IT Control Objectives for Sarbanes-Oxley to help information technology professionals focus on performing an IT assessment for financial reporting controls in line with the Sarbanes-Oxley Act of 2002.

The Center for Audit Quality has published a member alert to help auditing firms address risks on audits on upcoming audits, highlighting some that officials with the Securities and Exchange Commission and the Public Company Accounting Oversight Board also pointed to during a conference Thursday.

On Thursday, Thomson Reuters released a special report, Retrospective on Key Tax Developments in 2014, providing a thorough briefing of key developments in 2014, including the tax extender provisions as well as many of the rates, dollar caps, and other key figures that changed over the course of the year.

The House of Representatives has voted to revive dozens of lapsed U.S. tax breaks only for 2014 and the Senate now looks likely to follow suit within days.

Whitman currently holds the role of office managing partner of Detroit. He succeeds Timothy Christen and will step into his new role in June 2016.

The AICPA has announced that five students transitioning from community colleges to four-year universities have been awarded the inaugural AICPA Foundation Two Year Transfer Scholarship. Funded by the AICPA Foundation, the awarded students have earned an associate’s degree in business, accounting, finance or economics with a declared intent to major in accounting at a four-year college or university and will receive $1,000 towards their tuition for the 2014-2015 school year.

The House of Representatives voted to revive dozens of lapsed U.S. tax breaks for this year and set them to expire again on Dec. 31.

Hackers who broke into Sony Pictures’ network and stole movies that they uploaded to the Internet have also uploaded a spreadsheet from a former Deloitte employee containing salary information on more than 30,000 employees at Deloitte.

Accounting firm Marcum LLP has released its annual Year-End Tax Guide for the national accounting and advisory firm’s clients and others.

Sustainability, eco-friendly business models, and the continuing integration of environmental matters into business operations is a hot topic of conversation and debate in business media.