6,237 results found

The IRS is concerned about process, policing and transparency in reviewing compliance with the rules under section 501(r), according to IRS Commissioner of Tax Exempt and Governmental Entities Sarah Hall Ingram, who discussed exempt hospital requirements during a recent VHA Inc.-hosted panel.

Judging by the frequency of recent news reports and SEC staff speeches focused on non-GAAP financial measures, audit committees may be well served to take a fresh look at the non-GAAP measures reported by their companies.

On January 19, 2023, the Michigan Court of Appeals affirmed two 2022 trial court orders, holding that initiating an unclaimed property audit does not toll the running of the statute of limitations for the Michigan State Treasurer to commence "an action or proceeding" with respect to a duty of a holder.

In May of this year the AICPA released SSAE No. 18, a new Attestation Standard which will be effective for any attestation engagement opinion occurring on or after May 1, 2017.

The American Institute of CPAs recently issued additional guidance for CPAs who perform the independent private sector audit required by the SEC when a company issues a conflict minerals report.

Thus, in some cases, current partners could be left paying the former partners' tax bill under the New Audit Rules.

Over the past few weeks, several of our clients have received letters from the New York Tax Department's desk audit unit inquiring about their 2018 tax return.

In May 2014, the Financial Accounting Standards Board (FASB) issued ASU 2014-09 – Revenue from Contracts with Customers. The Standard was originally effective for annual reporting periods beginning...

A recent "Dear Colleague" letter issued jointly by the U.S. Department of Justice (DOJ) and the Office of Civil Rights of the Department...

The Ohio Supreme Court recently held that a deduction or refund from sales tax for bad debt is limited to statutory vendors, and that an assignee is not a statutory vendor for purposes of R.C. 5739.121, the bad debt deduction statute.

Duff & Phelps Alternate Asset Advisory experts discuss how the PCAOB's new audit standards impact the use of pricing services and broker quotes to estimate fair value.

The goal of the proposed rules is to enhance the integrity of audits and restore investor confidence.

Jay D. Hanson, a member of the PCAOB board, said that he believes the PCAOB should clarify descriptions of inspection deficiencies.

Yes, it is not easy. The Public Company Accounting Oversight Board (PCAOB) has come down hard on external audit firms over the quality of audits and increased errors being detected.

The Public Company Accounting Oversight Board ("PCAOB") discovered a high number of audit deficiencies among auditors of broker-dealers based on data collected from 75 firms and 116 audits conducted during 2017.

On June 24, 2014, the Public Company Accounting Oversight Board released staff guidance to help auditors of brokers and dealers registered with the SEC plan.

As part of its annual budget process for 2016, the Public Company Accounting Oversight Board reviewed the priorities set forth in its 2015-2019 Strategic Plan.