Final Rules Permit Truncated TINs on W-2s (JofA) - The new rules were authorized by an amendment to Sec. 6051(a)(2) made by the Protecting Americans From Tax Hikes Act, P.L. 114-113, which replaced the words âsocial security account numberâ of the employee with the âidentifying number for the employeeâ in the list of information required to be on Form W-2.
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Corporate CPAs Concerned About Derivatives (CPA Practice Advisor) - Financial instruments are a growing presence on company balance sheets, and business executives say more market awareness is needed to prevent another financial crisis, according to a recent survey by the American Institute of CPAs (AICPA).
Deloitte U.K. Hit with Large Fine Over Its Incompetent Auditing of Serco Geografix (Going Concern) - It was Deloitteâs turn on the Financial Reporting Councilâs dunk tank today, as the U.K. regulator fined the firm and one of its partners over the audits of the 2011 and 2012 financial statements of Serco Geografix Ltd., a subsidiary of outsourcing firm Serco Group PLC, which were found to be complete rubbish.