The state of bookkeeping in 2019

In addition to AI, which has made its way onto many accounting tools of late, the platform features real-time collaboration, automated workflows, and big data analytics as well.

FASB proposes tweaks to CECL standard

By Michael Cohn 2 min read

The Financial Accounting Standards proposed some minor adjustments Thursday to the credit losses standard, also known as CECL because of its use of a Current Expected Credit Losses model.

Measuring value is the next frontier for advisory practices

By Fergus Blair 6 min read

Listen carefully, and you can detect a change in the way that partners at the major firms talk about their consulting work.

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Special Report: The Tools behind CAS

This report will look at the tools that underpin a successful CAS practice, and how leading firms are building the necessary tech stacks.

Ex-Tongaat official scrutinized in echo of Steinhoff accounting scandal

By Loni Prinsloo 3 min read

Tongaat Hulett Ltd. said South African police are investigating an unnamed former executive for his role in an accounting scandal that’s forced the sugar maker to restate financials and ask for its shares to be suspended.

White House considers capital gains tax break that would benefit wealthy

By Saleha Mohsin 4 min read

The White House is developing a plan to cut taxes by indexing capital gains to inflation, according to people familiar with the matter, in a move that would largely benefit the wealthy and may be done in a way that bypasses Congress.

Supreme Court upholds agency deference doctrine, for now

By Roger Russell 3 min read

The case has applicability to all administrative agencies, including the IRS, and their ability to issue authoritative regulations and guidance.

Accounting Today accepting 2019 MP Elite submissions

The annual list recognizes top leaders from accounting firms across the country.

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Special Report: Tax Office of Tomorrow

This special report examines the latest state of play, and looks ahead to changes on the horizon for the tax practitioner.

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WEB SEMINAR

Adding value to assurance engagements: Insights and recommendations