04/29/2024
Accounting graduate passes commando training
PETALING JAYA: Chan Ming Youn, 25, made history as the sole Chinese in his batch to successfully complete and pass the rigorous 12-week commando train...
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04/29/2024
IRS has new guidance for retirement accounts and farmers
Only 40% of farmers invest in qualified retirement accounts — or in other words, not farmland. But the IRS has a rule change that may make retirement accounts more favorable for farmers.
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04/29/2024
King Roso Gifts Baba Talisha 10 Lions on TikTok After Accounting for Brian Chira's Funeral Funds
Baba Talisha is over KSh 400,000 richer after he was gifted 10 lions on TikTok by King Roso. Baba T had gone live to account for the money used on Chira's funeral.
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04/28/2024
Sunday News Roundup 24.04.28: More capital gains, more audit powers, and more Canadian accounting news
Our weekly Canadian accounting news roundup includes more reporting on Liberal changes to capital gains, Canada Revenue Agency audit powers, and much more.
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04/28/2024
UB 'accountants' bring $307,000 back into the local community
BUFFALO — During the 2024 tax season, 97 IRS-certified accounting students from the University at Buffalo School of Management brought nearly $307,000 back into the Buffalo community through the Volunteer
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04/28/2024
UB 'accountants' bring $307,000 back into the local community
BUFFALO — During the 2024 tax season, 97 IRS-certified accounting students from the University at Buffalo School of Management brought nearly $307,000 back into the Buffalo community through the Volunteer
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04/28/2024
Cost accounting for tracing and measuring climate cost
Prof D Mukherjee Despite global concerns about global warming, research on efficient processes for identifying and measuring carbon management costs is lacking. This is crucial for strategic issues such as objectives, marketing, product development, pricing, international business, promotion, supply chain management, finance, and risk. An integrative approach to measuring carbon costs is essential for an organization’s strategy focus. Rising greenhouse gas concentrations are causing rapid global climate warming, necessitating precautionary measures. Governments, businesses, and consumers are affected, requiring incorporation of […]
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04/28/2024
MicroStrategy stands to flourish if it implements new accounting rules, analyst says
Adopting new accounting standards could be a game changer for MicroStrategy (NASDAQ:MSTR), the largest corporate holder of bitcoin (BTC-USD), Benchmark said in a recent note to clients. Such a move could significantly boost the software company’s earnings, giving it a shot at joining the S&P 500. Since the Michael Saylor-founded company started hol...
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04/28/2024
MicroStrategy stands to flourish if it implements new accounting rules, analyst says
MicroStrategy could see a significant boost in earnings and potential inclusion in the S&P 500 by adopting new accounting standards for its bitcoin...
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04/28/2024
Accounting watchdog quizzes Big Four on AI exam cheating
The Big Four auditors have been asked to explain what measures they are taking to prevent professionals from using ChatGPT and other AI tools to cheat on exams.
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04/28/2024
Accounting watchdog quizzes Big Four on AI exam cheating
The Big Four auditors have been asked to explain what measures they are taking to prevent professionals from using ChatGPT and other AI tools to cheat on exams. The Financial Reporting Council (FRC) has quizzed Britain’s biggest auditing firms and professional accountancy bodies amid fears that rule-breakers could use AI to cheat the system. The UK...
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04/28/2024
Accounting watchdog quizzes Big Four on AI exam cheating
Auditors asked to explain what measures they are taking to combat rule-breaking
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04/28/2024
"Doing more with less": NetSuite founder on AI — and why it might actually go a long way to helping boost traditional industries such as accounting
AI will let us do more with less, but how will that actually work?
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04/28/2024
Indian MNCs have to start accounting for global minimum tax liabilities
Indian multinational enterprises will have to start reviewing and accounting for any additional tax liability as per the global tax reform signed off by over 130 countries, including India.
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04/28/2024
Indian MNCs have to start accounting for global minimum tax liabilities
Indian multinational enterprises will have to start reviewing and accounting for any additional tax liability as per the global tax reform signed by over 130 countries including India.
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04/27/2024
NASBA chooses next president and CEO
Daniel Dustin, the current vice president of state board relations, will succeed Ken Bishop on Aug. 1.
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04/27/2024
Big improvement seen in senior center accounting
An accountant says Berrien County’s seven senior centers have made great strides in improving their accounting practices in the past nine years. CPA Linda Elie reported to the Berrien County Board of Commissioners Thursday she’s been working
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04/26/2024
Apple ID Accounts Logging Out Users and Requiring Password Reset
There are widespread reports of Apple users being locked out of their Apple ID overnight for no apparent reason, requiring a password reset before...
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04/26/2024
For financial reporting and accounting, is using generative AI worth the risk?
As organizations delve into this transformative technology, it’s important to consider all potential impacts and ensure that it’s used responsibly and effectively.
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04/26/2024
Bojangles sues its largest franchise group, accounting firm over use of proprietary information
The chicken chain claims its proprietary and confidential information has been wrongfully shared by its largest franchisee organization and an accounting firm.
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04/26/2024
FASB Private Company Council Meeting Recap
The Private Company Council (PCC) met on Thursday, April 18, 2024. This is a summary of topics discussed by PCC and FASB members at the meeting.
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04/26/2024
IRS free tax pilot enticed 140K taxpayers
The Internal Revenue Service's Direct File pilot program officially closed Friday, after 140,803 taxpayers used it in 12 states.
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04/26/2024
KPMG’s Mystery Inspection Flaw Tied to Auditing Income Taxes
The US accounting oversight board issued a complete version of KPMG LLP’s 2022 inspections review on Friday that detailed an extra audit with a single deficiency tied to income tax accounting.
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04/26/2024
NASA-Led Study Provides New Global Accounting of Earth’s Rivers
The novel approach to estimating river water storage and discharge also identifies regions marked by ‘fingerprints’ of intense water use.
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04/26/2024
Accounting Today news quiz: April 26
Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!
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