The engineering firm is adding resources to help its CPA and accounting firm partners make the move to advisory services. SEC loosens auditor independence rules → | By Michael Cohn 4 min read | The Securities and Exchange Commission voted to adopt amendments to its longstanding auditor independence requirements, relaxing restrictions on relationships between auditors and their clients as part of a deregulatory push by the SEC in recent years. | |
Accountants shifting to more advisory services amid coronavirus → | By Michael Cohn 7 min read | Accountants and tax professionals have been helping their small business clients deal with the economic fallout from the COVID-19 pandemic, shifting away from their routine compliance work after the end of the prolonged tax season. | | Houston tech mogul indicted for ‘largest-ever tax charge’ → | By David Voreacos and Neil Weinberg 3 min read | Robert T. Brockman, a Houston software tycoon, was charged with using a web of Caribbean entities to hide $2 billion in income in what prosecutors called the largest U.S. tax case ever against an individual. | |
Tax Fraud Blotter: Rough waters → | By Jeff Stimpson 5 min read | Three defaults and you’re out; scheme of several years; misstep by misstep; and other highlights of recent tax cases. | | |