Accounting
The Evolving State of Accounting Firm Workflow
Change comes in waves that sometimes are less astounding when looking at them in the present, but can be dramatic when their cumulative effects are viewed after several years.
FASB Releases 2014 GAAP Financial Reporting Taxonomy
Questions about using this taxonomy for creating and submitting eXtensible Business Reporting Language (XBRL) tagged interactive data files in compliance with SEC rules should be directed to the SEC. SEC contact details and guidance are available at the SEC’s portal on XBRL.
Teddy Roosevelt Welcome CPAs Back to Wall Street
Former New York City Police Commissioner Theodore Roosevelt, who later served as the 26th President of the United States, was a special guest of honor Wednesday evening at an open house for the state’s largest association of professional accountants.
Report Shows IRS Contractors Owe Millions in Back Taxes
According to a new report, more than 1,100 vendors doing business with the Internal Revenue Service (IRS) owe a combined $589 million in Federal tax debt.
Who is the Most Likely to Commit Financial Fraud?
Many Fraudsters Face Light Punishment, Collusion a Growing Trend in White Collar Crime
GASB Resolves Transition Issue for Pension Standards
The Governmental Accounting Standards Board (GASB) recently issued a statement regarding the transition provisions of GASB’s new pension standards for state and local governments.
U.S. Online Poker Market Worth Up To $3.3 Billion
According to a new report series by Academicon and PokerScout, the potential size of a regulated U.S. online poker market is $2.2 billion in the first year of operation and up to $3.3 billion by year ten. Before the federal indictment of unregulated poker in April 2011 (Black Friday), the U.S. was by far the largest market, accounting for 27% of worldwide revenue.
Thomson Reuters Sells Accounting & Tax Outsourcing Functions to Ernst & Young
Big Four accountancy and consulting firm Ernst & Young LLP has acquired the Tax Preparation and Court Accounting Outsourcing businesses of Thomson Reuters in the US, the two companies have announced. Approximately 175 Thomson Reuters employees will join EY as a part of the deal.