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The Rise of the Robot Accountant: Opportunity or Threat? (CPA Trendlines) - By one oft-cited study, robots will replace 94% what accountants and auditors are doing today. But look a little deeper and you'll find that instead of replacing accountants, the profession stands to gain from mastering new robot technologies... ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Reporting Undisclosed Foreign Assets: The Clock Is Ticking (CPA Journal) - On March 13, the IRS announced that it will close the Offshore Voluntary Disclosure Program (OVDP), effective September 28, 2018. In the announcement, the IRS encouraged taxpayers who need to disclose noncompliant and unreported foreign accounts and assets to come forward before the September deadline. FASB Addresses Credit Loss Standard Concerns (JofA) - A proposal issued by FASB would amend the transition requirements and scope of the boardâs new standard for accounting for credit losses. CPAs Continue Fight Against Opening ABV Credential to Non-CPAs (Accounting Today) - A group of CPAs is stepping up its efforts to force the American Institute of CPAs to change its decision about opening the Accredited in Business Valuation credential to non-CPAs. The 'Pass Through' Deduction Isn't As Limited As You Think (Inc.) - Lots of business owners I know have been concerned because the deduction may exclude those in the service industries or have other limitations that make it less attractive. Yes, there are limitations. Taxation Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  The CPA Players Present: The Silence of the Lambs   |