Auditing beyond the financials

The profession’s skillset can be applied to much more than just financial statements, according to Julie Bell Lindsay of the Center for Audit Quality. Original Article Posted at : https://www.accountingtoday.com/podcast/auditing-beyond-the-financials

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Tech News: Wolters Kluwer adds CCH tool for PCR firms

Intapp offers total integration solution for firm tech, and Sesh Corp receives $1.6M to develop emotional intelligence reader for video. Original Article Posted at : https://www.accountingtoday.com/list/wolters-kluwer-adds-cch-tool-for-pcr-firms-and-more

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Trump fight over delay of subpoena for taxes set for Sept. 1

A federal appeals court set a hearing for Sept. 1 to consider President Donald Trump’s emergency request to put on hold a judge’s ruling that cleared the way for the Manhattan District Attorney to enforce a subpoena for his tax returns and other financial records. Original Article Posted at : https://www.accountingtoday.com/articles/trump-fight-over-delay-of-subpoena-for-taxes-set-for-sept-1

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Credit Suisse faces Belgian probe over hidden accounts

Credit Suisse Group AG faces a criminal probe amid suspicions it helped more than 2,600 clients to hide money in Swiss accounts, Belgian prosecutors said. Original Article Posted at : https://www.accountingtoday.com/articles/credit-suisse-faces-belgian-probe-over-hidden-accounts

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Reviewing Joe Biden’s Tax Vision

Tonight, former Vice President Joe Biden formally accepts the Democratic nomination for President, ending a long primary season that saw competing policy visions from the many candidates, including in tax policy. However, questions about Biden’s tax proposals, such as when and how fast he would push for tax hikes, remain to be clarified headed into…

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How the CARES Act Fixed a Tax Bias Against Green Investment

One under-discussed part of the CARES Act, passed in March to provide economic relief during the COVID-19 epidemic, is a correction to a drafting error in the Tax Cuts and Jobs Act of 2017, often known as the “retail glitch.” The Tax Cuts and Jobs Act provided 100 percent bonus depreciation for many short-lived assets,…

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