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Lesson From The Tax Court: The Functional Definition Of 'Return'
(TaxProf Blog) - Two recent Tax Court cases teach that a “return” is not simply a form but is a form which serves a function. Judge Ruwe held that a copy of a return sent to a Revenue Agent could not function as a “return.” ...
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Questioning the Effectiveness of Independent Audit Committees
(CPA Journal) - At the root of over a decade of regulation and best practices is the premise that the structure and independence of a company’s audit committee has a direct effect on the quality of its financial reporting. The empirical evidence to support this proposition, however, is scant.
5 Awesome Airline Tracking Apps
(lifesavvy) - Flight delays and sudden changes to your flight schedule can easily and unnecessarily disrupt your holidays. These apps can help you track your trip and plan things ahead along the way.
PwC Fined $7.9 Million By the SEC for Making Pretty Dumb and Obvious Independence Violations
(Going Concern) - P. Dubs agreed to pay the SEC more than $7.9 million to settle charges of improper professional conduct and violating auditor independence rules, which were mostly due to failures in PwC’s independence-related quality controls.
Has Non-GAAP Reporting Become an Accounting Chasm?
(CFO) - Aggressive use of non-GAAP numbers is creating a crisis in how investors, analysts, and the media report financial performance and value companies.
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PA Institue of Accountants Jokes