 | AccountantsWorld Daily News |
| |
Auditors face challenges with expected credit loss standards (JoA) New financial reporting standards requiring reporting of expected credit losses related to financial instruments are expected to create new challenges for auditors as well as management and audit committees. A new International Auditing and Assurance Standards Board publication provides some initial impressions of these challenges. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES IRS proposes estate basis reporting regulations (The Tax Adviser) Taxpayers received guidance on how to apply rules that require estates and beneficiaries to consistently value property acquired from a decedent. The regulations, proposed Wednesday by the Internal Revenue Service, also cover how basis must be reported to beneficiaries and the IRS. Deductions for Business Travel with Your Spouse (Accounting Web) Some kinds of deductions always trouble the tax-takers. For instance, baleful bureaucrats become suspicious and demand a detailed accounting when business travelers journey to meetings or conventions at plush resorts or exotic locales and (gasp!) decide to combine work with play and take their spouses along. Dotting the Iâs and Crossing the Tâs â Employment Records You Must Retain (CPA Practice Advisor) Many different state and federal laws govern which records companies need to create, how long records need to be kept, and even how those records must be disposed of. How To Disable Autocorrect in Windows 10 (How To Geek) Autocorrect is kind of a love/hate thing no matter what platform you use it on. In Windows 10, it works much the same as on other platforms, automatically replacing misspelled words if they are in the dictionary and applying a red underline if the word isnât found at all. Taxation Accounting/Audit | TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Accounting Humor: Counting Your Dependents   |