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RSM USâs $950,000 Fine Is a Reminder That Performing Non-Audit Services for Audit Clients Can Get You Into Trouble (Going Concern) - Because RSM US got into some sticky situations with audit clients, Adams & Co. settled with the SEC for $950,000 without having to admit or deny the allegations. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Proposed Regs. Govern Maximum Automobile Values (JofA) - Consistent with the substantial increase in the dollar limitations on depreciation deductions under Sec. 280F(a), the proposed regulations increase, effective for the 2018 calendar year, the maximum base FMV of a vehicle for use of the fleet-average or vehicle cents-per-mile valuation rule to $50,000. Five Common Scenarios That Can Lead to a Material Weakness (CPA Practice Advisor) - A material weakness is often the result of deficiencies in one or more of a company's internal controls. Material weaknesses can have damaging effects... Hands On With the Next Microsoft Edge, Microsoft's Revamped Chromium-based Browser (PC World) - It's looking a lot like Chrome and that's a good thing. What Clients Should Know about Buyouts (Accounting Web) - I received a query from a family-owned company and one of its shareholders. Iâll call them Lady Godiva Accessories (LGA) and Lola. LGA wants advice on the tax-right way to handle its planned redemption of all of Lolaâs shares. Accounting/Audit |  TOP 5 MOST READ
TOOLS OF THE TRADE e-BREAKS  How Spider-Man Far From Home Should Have Ended   |