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Cognitive Audits (California CPA) - New technologies are breathing fresh opportunities into what were formerly traditional audit services. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES AICPA Seeks Guidance on Adjustments for Conversions from S corp. to C corp. (JofA) - The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, provided for a reduction in the income tax rate imposed on C corporations under Sec. 11(b). Given the significance of the reduction, Congress anticipated that some S corporations might revoke their S elections and convert to C corporation status to benefit from the reduced 21% corporate tax rate. More Seniors Continue Working After 65 (CPA Practice Advisor) - More U.S. workers are working after turning 65, both out of financial necessity and to stay busy, a trend the U.S. Bureau of Labor Statistics sees increasing over the next 10 years. U.S. Consumer Spending Slows in August; Incomes Rise (Reuters) - U.S. consumer spending barely rose in August, suggesting that the economyâs main growth engine was slowing after accelerating sharply in the second quarter. Hands On With Amazon's New Echo Devices: Frames, Loop, Buds, and More (PC Mag) - Amazon unveils loads of new Echo devices, from upgrades to familiar smart speakers to invite-only, Alexa-enabled wearables. Here are our first impressions. Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Ten Things an Accountant Would Never Say   |