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Although many businesses providing services in the field of performing arts are not eligible for the qualified business income (QBI) deduction...

On Tuesday, July 14, 2015, at their Annual Meeting the Uniform Law Commission (ULC) completed their first reading of the Revised Uniform Unclaimed Property Act.

Taxpayers filing Tennessee franchise and excise tax returns should take note of the recent Tennessee Court of Appeals ruling in "BellSouth Advertising & Publishing Corp. v. Chumley", in which the Court concluded that the Commissioner had properly exercised her power to vary the statutory apportionment formula that was based on cost of performance to impose, instead, a market-based apportionment factor.

All plan sponsors should take a proactive approach to employee benefit plans' compliance and identify areas of weakness in their benefit plans.

OFCCP released today a new list of supply and services contractors and subcontractors selected for audit (FY 2024 CSAL Supply & Service Scheduling List, Release – 1).

With respect to the first phase, the new tool includes suggested questions that focus on matters related to auditor tenure.

As year-end audits swing into full gear, the topic of choosing the right independent auditor is on the minds of many controllers, chief accounting officers, and chief financial officers.

Listen up, employers: On August 1 — that's two days ago! — the Department of Homeland Security increased the Form I-9 violation fines by approximately 96%.

The software-audit language contained in IBM’s standard license agreements never has been anything that anyone would mistake for customer-focused or even very fair contract terms.

On October 22, 2024, the PCAOB approved a settled disciplinary order sanctioning the New Jersey audit firm Yusufali & Associates LLC ("Firm") and its sole partner...

Mr. Bricker also emphasized that as auditors implement the new audit reporting standard, "expectations for timely, ongoing communication will continue to be an important element to the auditor-audit committee relationship."

Speaking at the American Law Institute's Conference on Accountants' Liability in September, Andrew Ceresney, Director of the Division of Enforcement of the Securities and Exchange Commission, reviewed in detail the SEC's historical and current enforcement activity in the area of auditing.

The U.S. Securities and Exchange Commission has established a new Financial Reporting and Accounting Unit within its Division of Enforcement, staffed by specialized attorneys and accountants to pursue accounting fraud and financial reporting misconduct. While similar task forces have existed before with modest impact, this dedicated unit may signal increased regulatory scrutiny in an area where other enforcement agencies have reduced their activity.

SIFMA Opposes Proposal to Shift CAT Data Breach Liability Away from SROs.

Regulators and others have been increasing their focus on audit committee performance, noting the importance of the committees to the credibility of financial statements.

The IRS audit rules for all partnerships (including LLCs that are taxed for income tax purposes as partnerships) have changed dramatically. Effective for tax years beginning on or after January 1, 2018 ...

A newer audit model Microsoft launched is the SPLA certified self-assessment.