Accounting News




IRS union fights proposed budget cuts
The head of the National Treasury Employees Union, which represents Internal Revenue Service employees, is asking Congress not to cut the IRS budget again. The Senate Appropriations Subcommittee on Financial Services and General Government held ...

Villanova announces Master's of Accounting with Data Analytics program
The Villanova School of Business announced this week their new Master of Accounting with Data Analytics (MACDA) program, in which students will be able to take a more big data and analytics-based course starting Fall 2018. Villanova sought input from ...

CAQ and SEC Historical Society mark Sarbanes-Oxley's 15th anniversary
The Center for Audit Quality and the Securities and Exchange Commission Historical Society are celebrating the 15th anniversary of the passage of the Sarbanes-Oxley Act with a series of videos featuring commentary from several accounting, finance and ...

PCAOB sanctions Crowe Horwath Hong Kong
The Public Company Accounting Oversight Board is disciplining Crowe Horwath's member firm in Hong Kong for refusing to turn over documents such as audit work papers to the board, revoking the Hong Kong firm's registration with the PCAOB for at least ...

Boeing's Stock Rally Accounting For The Bulk Of The Dow's Early Gain
Shares of Boeing Co. soared 3.6% toward a record high in premarket trade Wednesday, giving a big boost to futures for the Dow Jones Industrial Average , after a profit beat and raised outlook. The aerospace and defense giant's stock price gain of $7.54 ...

Should Accountants Be Allowed to Earn CPE on the Job?
Are employers willing to let their accounting and finance professionals pursue continuing professional education (CPE) opportunities while on the clock? Not so much, it seems, according to a new survey from recruitment firm Robert Half Finance ...

Boeing's stock rally accounting for the bulk of the Dow's early gain
Shares of Boeing Co. BA, +8.01% soared 3.6% toward a record high in premarket trade Wednesday, giving a big boost to futures for the Dow Jones Industrial Average DJIA, +0.48% after a profit beat and raised outlook. The aerospace and defense giant's ...

Italy and Greece among most complex places in the world for accounting and tax compliance
Italy is the most complex jurisdiction in Europe and comes in first place globally for 'tax' complexity, while Greece is most complex in the world for 'compliance.' Italy and Greece are among the five most complex jurisdictions in the world for ...

Outdated accounting estimates may mask municipal debt crises
According to the financial watchdogs at Truth in Accounting, The City of Chicago had been using estimates from something called a "mortality table" to estimate how long their pension-earning firefighters and police officers will live. The problem was ...

Don't Fall Behind the Curve on Adopting Lease Accounting Standards—An Interview with BDO Partner
Among those companies surveyed, just 15 percent of real estate investment trusts (REIT) specifically noted lease accounting as a risk factor in their filings. “Applying the new standards can be complicated, and organizations that aren't making headway ...

Colorado's Obamacare exchange making progress but needs to improve accounting, audit says
Colorado's health insurance exchange has made progress in addressing repeated accounting troubles but still fails to always follow its own policies when it comes to contracts and purchases, according to a state audit released Tuesday. The audit of the ...

Sage Group buys Intacct accounting software for $850M
A cash and stock transaction, the deal aims to help build out Sage's cloud financial management offerings. Intacct, which competes with Financial Force and Oracle's NetSuite, said in a related statement that it now has 11,000 customers for its ...