In the blogs: Loan wolves

The latest on PPP; retirement drawdowns; goals of your practice; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-loan-wolves

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AICPA offers guidance on third-party assessment engagements

The American Institute of CPAs released a set of technical questions and answers on performing a third-party assessment engagement, offering what it called “non-authoritative” guidance on third-party assessment programs, describing the steps practitioners should follow when conducting such engagements. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-offers-guidance-on-third-party-assessment-engagements

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Board member J. Robert Brown latest to depart PCAOB

The Public Company Accounting Oversight Board said Tuesday that board member J. Robert Brown will be leaving the PCAOB at the end of this month, the latest in a string of high-profile departures in recent years. Original Article Posted at : https://www.accountingtoday.com/news/board-member-j-robert-brown-jr-latest-to-depart-pcaob

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Whistleblowing soars to record with Americans working from home

The work-from-home phenomenon has triggered a fresh frustration for U.S. corporations: Americans are blowing the whistle on their employers like never before. Original Article Posted at : https://www.accountingtoday.com/articles/whistleblowing-soars-to-record-with-americans-working-from-home

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Colleges paying top dollar for coaches will pay extra to IRS

Highly paid college sports coaches and hospital executives are among the nonprofit employees the Internal Revenue Service is targeting in the final version of a tax-law regulation. Original Article Posted at : https://www.accountingtoday.com/articles/colleges-paying-top-dollar-for-coaches-will-pay-extra-to-irs

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Improper revenue recognition pervades financial fraud

The Securities and Exchange Commission has been launching enforcement actions against various types of financial fraud schemes, with improper revenue recognition seen as the most common type of fraud, according to a new analysis. Original Article Posted at : https://www.accountingtoday.com/news/improper-revenue-recognition-pervades-financial-fraud

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IRS reports progress on Taxpayer First Act compliance

The Internal Revenue Service sent a set of recommendations to Congress for how it plans to carry out the far-reaching set of reforms. Original Article Posted at : https://www.accountingtoday.com/news/irs-reports-progress-on-taxpayer-first-act-compliance

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